Condor, the German airline subsidiary of British travel giant Thomas Cook, said Monday it would continue flying even after its parent company declared bankruptcy.
Underlining that it had been "profitable for many years," the airline added that "to prevent liquidity bottlenecks at Condor, it has applied for a state-guaranteed bridging loan" which is being examined in Berlin.
"We're continuing to concentrate on what we do best: flying our guests safely and punctually to their holidays," said managing director Ralf Teckentrup.
Thomas Cook declared bankruptcy Monday after failing to secure a last-ditch rescue deal worth $250 million from private investors to avert collapse.
Some 600,000 tourists are reportedly stranded worldwide, with the British government hiring planes to fly home some of its roughly 150,000 affected citizens.
The fall of the 178-year-old operator will put around 22,000 people worldwide out of a job.
It has long struggled against fierce online competition, while blaming Brexit uncertainty for a recent drop in bookings.
Condor, founded in 1955, has been part of the group that would later become Thomas Cook since 1997.
The airline carries around eight million passengers per year to more than 100 destinations around the world.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Berlin University Invites Applications For Master's In International And Development Economics Thomas Mueller Ends Germany Career Following Euro 2024 Germany To Phase Out Chinese Telecom Giants From 5G Networks Shooter Had Trump's Face Right In Middle Of Crosshairs, Shows New Video Barack Obama Wants Joe Biden To Pull Out Of US Presidential Race: Report World's Largest Isolated Tribe Makes Rare Appearance In New Footage Israeli Strike Kills Field Commander In Elite Hezbollah Unit: Report Delhi-San Francisco Air India Flight Diverted To Russia After Engine Glitch Congress Does Not Want Manipur Like Situation In Tripura: Gaurav Gogoi Track Latest News Live on NDTV.com and get news updates from India and around the world.