The German airline Condor has had its share of woes since being founded as a charter airline in 1955. The shares owned by Lufthansa were gradually acquired by Thomas Cook from 2000 onward.
In 2013 Thomas Cook took over Condor, and in 2019 Thomas Cook collapsed. Condor managed to get a bridge loan from the German government, and it appeared the Polish airline LOT was going to take it over.
That didn't happen either and apparently some investment firm now owns a majority and Condor is actually daring to expand, as this Travel & Leisure article highlights.
We've flown Condor Business Class a number of times. They were Alaska partners long before Alaska joined OneWorld. Their hard product wasn't too impressive but their food and service were excellent. They were, in short, a bargain way to get to Europe via 767.
They're now introducing flatbed seats. If everything goes according to plan, we'll be flying Condor in July with a grandson.