Bulgarian package specialist Balkan Holidays Ltd has suspended dealings in Britain from yesterday, April 24, it said. Customers abroad with Balkan Holidays will not be affected and those who have paid deposits for future bookings will receive their money back. Balkan Holidays, founded almost 60 years ago, offered a summer programme with a flight to […]
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Another bankruptcy of a major tour operator in Britain before the new tourist season starts. According to the UK Civil Aviation Authority (CAA) Jetline Travel has ceased trading. It is worth noting that the company, which had a turnover of £28 million in the last financial year, was owned by Atol. The company, which is […]
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“Every journey comes to an end” is the phrase that the FTI team decided to bring down the curtain and say goodbye to all those people who watched, supported and followed them throughout this long journey. Although the announcement of the decision has been announced for months, FTI Group felt it was time to say […]
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More than six weeks after the bankruptcy of the FTI group, the process of recovering the money affected by the bankruptcy of the leading tour operator seems to have stalled. And while, the German Travel Safety Fund (DRSF) announced on 12 July that it would start soon, without, however, giving an exact date, all indications […]
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The future of the tourism service centre erf24 touristic services GmbH (erf24), previously part of the FTI GROUP, has been secured: The provisional insolvency administrator of LMM Last Mile Media GmbH & Co. KG (a subsidiary of the also insolvent FTI Touristik GmbH), Axel Bierbach, has succeeded in finding a suitable buyer in close co-operation […]
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The German Travel Safety Fund (DRSF) intends to start the reimbursement process for travellers affected by the insolvency of FTI next week. According to a DRSF spokesperson, FTI customers with sufficient evidence of two-factor authentication will be notified immediately. Consumers who do not have the necessary contact information should register on the DRSF website. This […]
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FTI’s commissions for cancelled trips, which have already been paid to travel agencies, are currently of concern to many travel experts as there is great uncertainty as to whether the insolvency administrator can claim them after the insolvency proceedings have started. The expert opinion by Ansgar Staudinger, a law professor at the University of Bielefeld, […]
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An overall 17% year-on-year increase in holiday package sales in the German market was recorded in the year to the end of May, shortly before FTI filed for insolvency, according to the latest data from Travel Data + Analytics (TDA), which is based on booking data from both traditional travel agencies and Germany’s OTAs. Based […]
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Youtravel has extended bookings, the fourth in a row, following the collapse of its German parent company FTI. We want to express our gratitude to all our partners for their unwavering support and patience since the announcement on the 3rd June 2024. The insolvency of FTI Touristik GmbH has had a significant impact on Youtravel.com. […]
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The insolvency application of the parent company FTI Touristik GmbH has led to subsequent insolvencies within the FTI GROUP: the two wholly-owned subsidiaries Meeting Point Hotelmanagement Holding GmbH and Meeting Point International GmbH have filed for insolvency at Munich Local Court. The insolvency court granted the applications and ordered provisional insolvency proceedings for both companies […]
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