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FTI cancels all flights: around 175,000 flights are affected overall

FTI cancels all flights: around 175,000 flights are affected overall

About 175,000 holiday packages are affected by the cancellation.

the Travel company FTI Touristik He has everyone now Booked flights have been cancelled.

Following the creditors' committee's decision on Friday, interim insolvency administrator Axel Bierbach announced that all…B July 6 flights planned It will be cancelled. The German Travel Insurance Fund (DRSF) was willing to organize compensation for existing reimbursement claims with other tour operators. But no solution was found to take over the tours.

In order to finally give FTI customers the necessary security planning before the start of the summer holidays and enable them to immediately rebook their flight with another provider, all remaining flights have now been cancelled. This affects 175,000 package trips and some individual services booked by customers for departure as of 6 July through the insolvent companies FTI Touristik GmbH and BigXtra Touristik GmbH as well as through the sales brand 5vorFlug.

With all tourist trips cancelled, FTI's travel agency partners can now offer their clients alternative trips. The company began informing clients, travel agencies and hotels.

Bierbach estimated the total volume of current travel bookings to be high A three-figure sum of one million. All deposits made by package travelers will be reimbursed by the Travel Insurance Fund, and each package traveler will receive their money back. However, customers who have only booked individual services such as flights, hotels and transfers through FTI are not entitled to refunds of amounts already paid through DRSF.

The interim insolvency administrator has managed to secure the future of around 230 TVG travel agencies: Raiffeisen Vertriebs GmbH has acquired FTI's 50 percent stake in the tourism sales company TVG and is therefore the sole owner, Bierbach announced.

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