German airline Condor Flugdienst GmbH is open to having a strategic or private equity investor as its new owner, Reuters reported Oct. 1, citing Condor CEO Ralf Teckentrup's statement to German weekly Die Zeit.
The report comes over a week after the company's British parent, Thomas Cook Group PLC, collapsed into liquidation. Teckentrup was reportedly quoted as saying that Condor will eventually have a new owner, which could be a strategic or private equity investor.
Germany had earlier offered a €380 million bridge loan to Condor, while the state of Hesse, where Condor is based, also offered €190 million in financial support.
The U.K. Parliament has launched an inquiry into Thomas Cook's management, executive pay, accounting practices, as well as the role of its auditors in relation to the company's collapse.
