Insolvent journey group FTI cancels one other 175,000 package deal excursions | EUROtoday

Get real time updates directly on you device, subscribe now.

Status: 14.06.2024 19:48

The journey group FTI Touristik has now additionally cancelled all journeys booked from July sixth. Customers who’ve booked package deal excursions will obtain their a refund through a safety fund – booked particular person providers should not included.

The bancrupt journey group FTI has now additionally canceled booked journeys with a departure date from July 6. This was introduced by the provisional insolvency administrator Axel Bierbach following a call by the collectors' committee. The German Travel Insurance Fund (DRSF) would have been keen to settle the settlement of present reimbursement claims with different tour operators. However, no resolution to take over the package deal excursions was discovered within the quick time period.

In order to lastly give FTI prospects the mandatory planning safety earlier than the beginning of the summer season holidays and to allow them to instantly rebook their journey with one other supplier, all remaining journeys have now been cancelled. This impacts 175,000 package deal excursions and sure particular person providers that prospects booked for departures from July sixth by way of the bancrupt firms FTI Touristik GmbH and BigXtra Touristik GmbH in addition to by way of the gross sales model 5vorFlug.

After the insolvency of the third largest European tour operator turned recognized, the group initially solely cancelled journeys as much as July 5. With the cancellation of all package deal excursions, FTI's journey company companions can now additionally supply their prospects different journeys. The firm has begun to tell prospects, journey businesses and accommodations.

Individual providers will in all probability not be refunded

Bierbach estimated the whole quantity of present journey bookings to be within the excessive three-digit million vary. All advance funds from package deal holidaymakers can be refunded by the DRSF, and each package deal holidaymaker would get their a refund. Customers who’ve solely booked particular person providers similar to flights, accommodations and transfers by way of FTI, nevertheless, should not entitled to a refund of funds already made by the DRSF.

The provisional insolvency administrator was capable of safe the way forward for the roughly 230 TVG journey businesses: Raiffeisen Vertriebs GmbH is taking on FTI's 50 % share within the Touristik Vertriebsgesellschaft TVG and is thus the only real proprietor, as Bierbach introduced.