Insolvenzabsicherung Fti

FTI Group, Europe's Third Largest Tour Operator, Files for Insolvency

FTI Cites Economic Impact of Covid-19 Pandemic

Customers with Upcoming Trips Impacted

Berlin, June 3, 2024 - FTI Group, Europe's third-largest tour operator, has filed for insolvency in the Munich regional court. The company, which includes brands such as FTI, 5vorFlug, and BigXtra, has been heavily impacted by the economic fallout from the Covid-19 pandemic.

FTI Group had been struggling financially for months, with the pandemic exacerbating its difficulties. The company was forced to cancel a large number of trips due to travel restrictions, and it also faced significant costs related to refunding customers for canceled trips.

The insolvency filing will have a significant impact on FTI Group's customers. The company has announced that all upcoming trips will be canceled. Customers who have already paid for trips are expected to be compensated by the German Travel Security Fund (DRSF).

The insolvency filing is a major blow to the travel industry. FTI Group was one of the largest tour operators in Europe, and its collapse will have a ripple effect on other businesses in the sector.

It is unclear what the future holds for FTI Group. The company may be able to restructure and emerge from insolvency, but it is also possible that it will be liquidated.