In Brief: Germany’s Thomas Cook travel group files for bankruptcy

Just two days after the British travel group Thomas Cook filed for bankruptcy, the German subsidiary has now also filed for insolvency

Photo by chuttersnap on Unsplash

  

The German tour operator owns the brands Neckermann Reisen, Öger Tours, Bucher Reisen and the airline Condor.

Unlike its British counterpart, Germany’s Thomas Cook affiliates have been profitable in recent years, but the company said the bankruptcy filing is important in order to better break away from the parent company.

On Tuesday, Germany’s Economic Minister Peter Altmaier announced the airline Condor will receive a six month bridging loan from the German government, however the EU Commission still has to approve the loan.

According to the union Ver.di, the government loan is not only important for approximately 100,000 customers, but also for thousands of employees of the tour groups.

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The Brandenburg State Parliament has elected SPD politician Ulrike Liedtke as President.

The 60-year-old was elected by a substantial majority, with 77 of 88 total votes in favor of the appointment. Liedtke has been in parliament for five years. Andreas Galau of the AfD and Barbara Richstein of the CDU have been elected as vice presidents of Brandenburg’s parliament.

This news is brought to you in cooperation with Berliner Rundfunk.

 

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