FILE PHOTO: Hesse’s state Premier Volker Bouffier speaks on the funeral ceremony of the district president of Kassel, Walter Luebcke on the St. Martin Church in Kassel, Germany June 13, 2019. Swen Pfoertner/Pool by way of REUTERS/File Photo
BERLIN (Reuters) – The German regional state of Hesse stands ready to provide monetary assist to Thomas Cook’s German unit, its Prime Minister Volker Bouffier mentioned on Wednesday.
“We are in principle ready to help,” he mentioned, including that the case was now being examined by Hesse, the place Thomas Cook Germany relies, and Germany’s federal authorities.
An identical process was launched after Thomas Cook’s German airline Condor utilized for a bridging mortgage earlier this week within the wake of its British mum or dad’s insolvency, which on Tuesday led to the German authorities granting a 380 million euro ($418.15 million) mortgage.
Reporting by Reuters TV and Tassilo Hummel, enhancing by Riham Alkousaa