FTI, one of Germany’s largest tour operators, has announced its bankruptcy filing, impacting its operations in Türkiye, Egypt, and Greece.
FTI’s management had extensive discussions with German authorities over the weekend regarding the possibility of writing off part of the company’s debt. However, no agreement was reached.
FTI stated that it filed for bankruptcy for all its subsidiaries, except Sonnenklar TV and the German travel agency chain TVG, with the Munich Local Court as of June 3rd.
FTI bankruptcy shakes Greek tourism: Thousands stranded, millions in debt
aFTI’s bankruptcy shakes Greek tourism as thousands are left stranded and hotels face millions in unpaid bills. The tour operator, known for bringing hundreds of thousands of Germans and other visitors to Greece, particularly to destinations like Crete, Rhodes, Kos, and Corfu, is estimated to have around 7,500 visitors currently in Greece, with 4,000 on Crete alone.
Recent months saw FTI struggling financially,…
