EUROPE’S THIRD-LARGEST TOUR OPERATOR CLAIMS INSOLVENCY
Europe’s third-biggest tour operator said Monday that it is filing for insolvency protection from creditors and trips that haven’t yet started will be cancelled or scaled back. FTI Group, with a dozen brands under its umbrella, said parent company FTI Touristik GmbH, was filing an application for the opening of insolvency proceedings at a Munich court.































