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About: http://data.cimple.eu/news-article/f015318c93f5975ce7cedc1aaff395ddef0f5c5eafc830cd3f963338 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Polish airline LOT said Monday that it would abandon its plans to take over German carrier Condor, a former subsidiary of bankrupt travel operator Thomas Cook. LOT had announced in January, before the coronavirus crisis pummelled the air travel sector, that it would buy the airline for an undisclosed amount. The deal was to have been finalised by April, but a LOT spokeswoman told Polish news agency PAP on Monday that the firm had informed Condor that the purchase was being cancelled. "At this state, we're not providing any other information," said the spokeswoman, Katarzyna Majchrzak. German public investment bank KfW last year granted Condor a 380-million-euro ($419 million) bridging loan after Thomas Cook declared bankruptcy, which is slated to be paid back later this year. Founded in 1956, Condor had 58 planes and employed 4,900 people when it declared bankruptcy, carrying 10 million passengers per year to destinations in the Mediterranean and the United States among others. LOT, which has a fleet of 80 aircraft, doubled its passenger count over four years to hit the 10 million mark last year. sw/rl/jj
schema:headline	LOT abandons purchase of Condor from Thomas Cook
schema:mentions	Mediterranean Sea Bankruptcy Poland United States Severe acute respiratory syndrome coronavirus 2 Katarzyna Majchrzak Operation Condor Polish Press Agency Thomas Cook Group Bpifrance KfW Mark Roebuck
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	83 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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