The carrier welcomed its exit from creditor protection after restructuring more than $2 billion in debt. This marks ‘the beginning of a new era for SAS’. The governments of Sweden, Norway and Denmark helped negotiate a complex ownership structure. The airline is now under the ownership of investment firm Castlelake, Air France-KLM, Lind Invest and […]
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The travel platform 5vorFlug comes under the protection of Urlaubsguru, following the announcement of FTI‘s bankruptcy. With the help of a two-brand strategy, Urlaubsguru intends to promote travel offers through an additional sales channel and thus reach new target groups. For many years, 5vorFlug has been FTI Group’s last-minute travel expert, offering up to one […]
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HOTREC, the European Association of Hotels, Restaurants and Cafés in Europe, calls on Energy Council Ministers to cut down the energy prices and save thousands of hospitality businesses from bankruptcy. The hospitality sector is a strong contributor to the EU economy, representing 2 million companies (90% of them being micro-enterprises), and employing 12 million people. […]
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