27.07.2021 – 19:07
General newspaper Mainz
Mainz (ots)
When the state wants to save companies, the end is often open. There are bad examples, including the Holzmann construction company, which ultimately went bankrupt. And there are successful rescue operations. The Nivea manufacturer Baiersdorf is one of them or the Hamburg shipping company Hapag Lloyd. How will the Condor case end? The state has granted aid of more than half a billion euros. It can be understood that other airlines, which were also hit hard by Corona and did not receive such a financial injection, do not accept this. Like the competitor Ryanair, who sued in vain against state aid. Now the money can flow. For Condor, the chances are very good that it is a sensible investment. Because the airline was on a very good restructuring path when the Polish investor PGL canceled the takeover because of Corona bang. Since Condor had already received a loan of almost 400 million from Kfw, for which the federal government and the state of Hesse guarantee. Without the new state aid, Condor and its 4,500 jobs would have been lost – and the Kfw loan would be senselessly burned.
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Original content from: Allgemeine Zeitung Mainz, transmitted by news aktuell
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