FTI Bankruptcy Spurs 125,000 Compensation Claims
The German Travel Security Fund has processed millions in refunds as thousands of affected travelers seek reimbursement.
- FTI, once Germany's third-largest travel operator, declared insolvency in June, affecting 215,000 bookings.
- The German Travel Security Fund (DRSF) has already disbursed over ten million euros in compensation.
- Approximately 125,000 claims have been submitted, with many already processed or underway.
- An estimated 180,000 eligible customers were contacted, but many have yet to file claims.
- The DRSF plans to introduce postal application options and an open portal for easier claim submissions.
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