LOT abandons purchase of Condor from Thomas Cook

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.