Condor eyes 20% growth with A330neo and A320 deliveries as it launches Chicago and pursues Asia white spots, but high German costs threaten capacity cuts.
German leisure specialist Condor, which has reinvented itself as a network carrier, is considering alliance membership for its long-term future, CEO says.
Frankfurt Airport is targeting long-haul growth across North America, Asia, Africa and Latin America in a move to strengthen its role as a global connecting hub.
British private equity firm Attestor is taking full control of German airline Condor, exercising its option to buy the 49% government-held stake ahead of a Sept. 30 deadline.
Condor faces tough challenges as it builds a Frankfurt hub, competes with Lufthansa and seeks a strategic partner amid rising fuel costs and market shifts.
The latest ruling did not resolve whether Lufthansa is using its dominant position in the German market to drive out Condor, its only relevant local competitor.
After losing a court case, Condor says it is exploring further legal options to regain access to Lufthansa feeder flights at the leisure carrier's Frankfurt base.
A 2022 decision by Germany’s competition watchdog forcing Lufthansa to offer feeder services at preferential conditions to rival Condor has been ruled illegal.
Condor has launched a public lobbying campaign against what it calls a dominant anti-competitive position of its rival Lufthansa ahead of a crucial court ruling.
