Airlines say consequences of FTI bankruptcy are manageable

A Eurowings plane lands at Cologne/Bonn Airport. The major German holiday airlines Eurowings and Condor consider the economic consequences of the insolvency of tour operator FTI to be manageable. Federico Gambarini/dpa

The major German holiday airlines Eurowings and Condor consider the economic consequences of the insolvency of tour operator FTI to be manageable.

They are currently awaiting decisions from the insolvency administrator, said a spokesman for the Lufthansa subsidiary Eurowings in Cologne on Wednesday.

The tour operator filed an application for the opening of insolvency proceedings on Monday.

Seats that had been reserved for FTI could not be marketed again before then. Neither airline gave any figures on the seats blocked by FTI.

It was rumoured that number of seats booked by FTI at both companies had been recently reduced. It's reported that the tourism company had to pay for the tickets with both airlines on the day of the flight at the latest. These are standard market conditions.

"We assume that the gap created by the insolvency of FTI will also be closed by the market in the short term," explained a Condor spokeswoman.

Other German tour operators, such as TUI, have already launched special sales campaigns. Under the Eurowings Holidays brand, there are also all-inclusive packages with special conditions for FTI customers who are currently unable to travel.

Proof of the original travel confirmation must be provided during the booking process. According to the airline spokesperson, there has already been a sharp increase in interest in the alternative travel offers.

Condor and Eurowings have renewed their promise that they will not leave FTI customers at their destinations, but will fly all tourists home.

On Tuesday, the Lufthansa holiday airline Discover Airlines reported that it was being affected by the FTI bankruptcy. "FTI is a very important partner for Discover," said airline boss Bernd Bauer.

The Condor logo on an airline building at the airport. Boris Roessler/dpa

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