FTI’s administrators said despite “intensive negotiations with competitors”, no solution was found to take over FTI’s outstanding package bookings. It means all FTI trips due to depart from Saturday 6 July onwards have now been cancelled.
The outcome affects all packages booked with FTI Touristik, as well as its BigXtra and 5vorFlug brands. All payments made by customers towards their trips, to date, are being protected by Germany’s travel security fund (DRSF).
FTI administrator Axel Bierbach said total existing travel bookings held with FTI in one form or another ran to “a high three-digit million” figure.
Bierbach said despite the DSRF being open to getting some passengers away without having to wait for refunds by…