European tour operator FTI Touristik has filed for insolvency at a court in Munich, Germany.
The company, one of the largest tour operators in Europe, said the FTI Touristik brand is directly affected but that insolvency filings will follow for other group companies.
Windrose Finest Travel will continue operations.
The news comes weeks after FTI announced a 125 million investment from an investor consortium led by Certares.
At the time, Karl Markgraf, CEO of the FTI Group, said, We are delighted to announce our partnership with the Certares-led Consortium. Certares is a leading investor in the global travel and tourism sector, said Markgraf. With support from Certares and its extensive experience in the sector and capital provid…
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