This Monday Axel Bierbach, the bankruptcy administrator of FTI, has formally canceled his vacation packages to the south of Gran Canaria. Tourists who bought bargains because the German operator was dropping prices weeks before are going to have to negotiate with the German agencies because no one gives a damn. FTI's competition has come to the defense of the industry and has put in place compensatory measures but without abuses.
Alltours offers tour packages that can be rebooked or canceled free of charge up to 28 days before departure while Dertour serves clients willing to accept free cancellation up to three days before the start of the trip - for trips booked before June 30 but started before October 31.
For its part, TUI offers deposit-free services and discounts on new reservations. Tourists could soon also receive emails: FTI's individual trips have been taken over by the company and are being carried out. And Schauinsland: Waived deposits and reduced cancellation conditions, tourists could soon also receive emails: Individual FTI trips have been taken over by the company and are being carried out. Eurowings Holidays, for its part, free cancellations up to four days before departure for all new bookings until June 17, 2024.
For many tourists, their dream of a summer vacation is shattered with an email. In the coming days, the insolvent tour operator FTI will progressively inform its package travelers about the definitive cancellation of their summer trip. Those who bought trips are saved by the German Travel Security Fund (DRSF) to recover the money but whoever wants to renew prices must pay at market rates. To overcome this price shock there are special financing offers in the form of discounts, vouchers or flexible cancellation options.
