Visiting places for leisure or pleasure. - Package tours suspended by tour operator FTI until July 5th.
FTI Touristik, the travel company, has decided to call off all trips that are scheduled for the next month. In collaboration with the provisional insolvency administrator and the Travel Guarantee Fund, they have decided to cancel bookings with FTI Touristik, 5vorFlug, and BigXtra Touristik. Trips having departure dates up to and including July 5th are affected by this decision. It's still uncertain if packages tours from other service providers can proceed from July 6th.
Axel Bierbach, the provisional insolvency administrator, mentioned that a solution could be found, but it won't happen in the immediate future. Canceling all trips with departures within the next four weeks provides customers with greater planning security and flexibility. This decision covers package tours, individual bookings, and individual services. The BigXtra Touristik subsidiary of FTI Touristik also filed for insolvency in the Munich District Court on Thursday.
The objective is to permit customers to embark on a package tour from July 6th at the initially planned time, arriving at their destination as well as at the agreed price. This is crucial for customers with high deposits or minimal budgets, as they can travel without needing to wait for their travel fees refunded from the Travel Guarantee Fund DRSF. Given the upcoming summer vacations, a decision regarding the fate of all remaining bookings needs to be made promptly. Talks with rival companies are currently ongoing.
