The European Union antitrust regulator said yesterday that it was in close contact with the German authorities regarding a proposed loan to German airline Condor, Reuters reported. “The Commission is in close and constructive contacts with the German authorities regarding the proposed loan to Condor,” a spokeswoman for the EU executive commission said. The German government said on Tuesday it would guarantee a 380 million euro ($418 million) bridging loan for Condor to keep it flying. Condor and Thomas Cook GmbH, the second-biggest tour operator in Germany after TUI, are both independent units of insolvent British parent company Thomas Cook.
