About: http://data.cimple.eu/news-article/6df157f66ea85fbb4c50ba53c056a56dafeac8d905031917b52a9bc0

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/6df157f66ea85fbb4c50ba53c056a56dafeac8d905031917b52a9bc0 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Stricken airline Condor on Monday said it would receive 550 million euros ($596 million) in loans from the German government and the state of Hesse to keep it afloat during the coronavirus crisis. The help would consist of a 294 million euro loan "as corona aid" as well as 256 million euros to refinance an earlier government bridging loan, Condor said in a statement. German Economy Minister Peter Altmaier said the authorities would stand by Condor "through this difficult time". "The company was operationally healthy and profitable in normal times and has good prospects for the future," he said in a statement. The state-guaranteed loans will be issued through Germany's KfW public investment bank. Condor, which employs some 4,900 people, has been in trouble since parent company Thomas Cook went bankrupt last year. Its woes deepened after Polish airline LOT this month ditched a plan to buy the German carrier, as the air travel industry is pummelled by the pandemic. The European Commission said it had given Condor's lifeline the green light. "This state-guaranteed 550 million euro loan will allow Germany to compensate Condor, operating in the particularly hard hit aviation sector, for part of the damage suffered due to the coronavirus outbreak," EU competition commissioner Margrethe Vestager said. Global efforts to curb the deadly outbreak have forced millions of people to stay home, making holidays impossible and pushing airlines into an unprecedented crisis. Germany's flagship Lufthansa group is also in talks for state aid, expected to run into the billions as fears grow that thousands of jobs could be lost. German tourism giant TUI has already agreed a 1.8 billion euro bridging loan from the government to help it through the turmoil. Chancellor Angela Merkel last month unveiled a massive rescue package to shield Europe's top economy from the fallout from the pandemic. Berlin has pledged more than 1.1 trillion euros in support for companies and employees, with Altmaier vowing that no healthy company should go under because of the coronavirus crisis. Founded in 1956, Condor had 58 planes and employed 4,900 people when Thomas Cook declared bankruptcy last year, carrying 10 million passengers annually to destinations in the Mediterranean and the United States among others. mfp/tgb/lc
schema:headline	Condor airline receives 550 mln euros in German state aid
schema:mentions	TUI AG Mediterranean Sea Hesse Lufthansa European Commission Flagship Bankruptcy Angela Merkel Berlin Poland Corona Germany European Union Pandemic United States Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Operation Condor European Commissioner for Competition Thomas Cook Group Aviation Bpifrance KfW Margrethe Vestager Peter Altmaier
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software