Condor now fully under Attestor – Federal government and Hesse exit

TVS News AI, editorially supervised, presents Condor now fully under Attestor – Federal government and Hesse exit.

Condor now fully belongs to majority owner Attestor. The federal government and the state of Hesse are giving up their shares and pulling out of the stake – as reported by Die Zeit and Handelsblatt, among others.

This ends a phase in which the public sector held a stake in the company. With the sale of the remaining shares, the airline flows entirely into private hands – and sooner than originally planned.

What this means concretely for the airline, its employees, and ultimately for you as a taxpayer – and why the state aid is coming back faster than expected: the key points at a glance.

Attestor takes over all shares

Financial investor Attestor was already the majority owner of Condor and is now taking over all shares in the airline. According to Handelsblatt, the federal government and the state of Hesse are withdrawing completely as shareholders.

After the full sale, Condor belongs 100 percent to Attestor – state ownership is thereby ended.

State aid repaid early

The state aid from earlier crisis years, with which Condor had been supported, has already been repaid ahead of schedule, according to Handelsblatt. The financial burden on the federal budget and the state of Hesse is thus settled – before the originally agreed deadlines had expired.

For the taxpayer, this means: the risk from state ownership is over, and earlier than expected.

What remains – and what's next?

Condor will keep flying under its new, now purely private owner. How Attestor strategically develops the airline further remains open – but what is clear is that the phase of state support has been completed.

For employees and travelers, the change of ownership does not change anything directly for the moment: flight operations continue and the market presence remains intact.

Added value for you: Further background on the German aviation industry and on state ownership can be found in our business section.