FTI Touristik GmbH Files for Insolvency
Largest German Tour Operator Files for Bankruptcy
Munich, Germany - June 3, 2024 - FTI Touristik GmbH, the parent company of the FTI Group, Europe's third-largest tour operator, has filed for insolvency. The move comes after months of financial struggles and a failed attempt to secure a bailout. The insolvency filing impacts approximately 1.2 million customers who have booked trips with FTI or its subsidiaries.
Investigation Underway
The Munich District Court has appointed an insolvency administrator to oversee the proceedings. The administrator is currently conducting an investigation into the company's finances and exploring options for a possible restructuring.
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