![](https://aerotelegraph.imgix.net/production/uploads/2020/09/flugzeuge_palmen_lufthansa_ocean_01.jpg?auto=compress%2Cenhance%2Cformat&ch=Save-Data&crop=edges&dpr=1&fit=crop&h=316&w=653&s=ce737065654f838559ed2bb22a9c2025)
Project Ocean
Speculation
CEO Ralf Teckentrup
Thomas Cook Aviation and Balearics
State credits
PGL doesn’t want in anymore
PGL takeover endangered
No more feeder flights for Condor
Investors submit bids
Decision in early 2020
Aftermath of Thomas Cook
Condor-Boss Ralf Teckentrup
Fear of cash squeeze
Travel group needs even more money
In Frankfurt and Munich