-The agreement follows the signing of the Investment Agreement dated 16 April 2024 Following the signing of the Investment Agreement dated 16 April 2024 between the Certares-led consortium of investors and FTI GROUP, FTI announces that the Consortium signed definitive documentation to acquire financial liabilities of FTI following a market-based process, including loans and other […]
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The Tourism Committee of the Bundestag of the Federal Republic of Germany is meeting today at 3 p.m. to discuss the possible debt reduction of FTI, the third largest tour operator in Europe. The first item on the agenda of the non-public meeting is entitled “Report of the Federal Government on the possible exemption from […]
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-Agreement has been reached to invest up to € 125 million at the closing of the transaction to support next phase of growth -Acquisition of 100 % of the share capital from existing shareholders for € 1 -New capital funding for further investment in the business and digital transformation The FTI GROUP, the third largest […]
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FTI Group, the third largest tour operator in Europe, will be handling German holidaymakers in Crete from mid-June until the end of October 2024. In particular, the tour operator will take holidaymakers from three German cities, Hanover, Berlin and Erfurt, to the Greek island with Corendon flights. A charter will depart from Hanover to Heraklion […]
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FTI Group’s Chief Product Officer will be moved additionally to competitor Alltours Flugreisen as CEO. Jan Mayer will head the travel and commercial divisions of the tour operator. According to Alltours, Mayer will move to Düsseldorf on 1 June. In his new role as Managing Director, he will be responsible for flight and hotel purchasing […]
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FTI GROUP, the third largest tour operator in Europe, enters into exclusive negotiations with an international financial investor with extensive experience in the tourism sector. The agreement provides for the FTI GROUP to receive new capital to further invest in the digital transformation of the company and to take on the financial obligations. All parties […]
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FTI Group announced a 10% increase in turnover to €4.1 billion in FY22/23, compared to the previous year, with the group also planning double-digit growth for this year and the search for investors “also making progress”. The group, which has been in the spotlight due to concerns over its sustainability, presents its financial results and […]
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-The Federal Association of German Travel Agencies (Bundesverband eV VUSR) is sounding the alarm on the viability of the German tour operator FTI, raising issues of transparency and credibility. It is noted that in recent months there has been concern in the Greek tourist circuit and especially in hotels, as there were outstanding debts from […]
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Intense travel experiences, new destinations and a greater variety of offers: this is what awaits FTI holidaymakers in winter 2023/24. An expanded portfolio of accommodation, optimal flight connections and newly designed round trips around the globe characterise the repertoire. There is already a particular demand for faraway breaks, especially in Thailand, but also in the […]
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Change of leadership at Europe’s third-largest tour operator: From 1 July 2023, the FTI GROUP will be led by Karl Markgraf. He will become Managing Director, take over the position of CEO of the group and retain his position as CIO, thus steering the GROUP in a dual function. At the same time, the company […]
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