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BREAKING NEWS: collapse of Europe’s third largest tour operator FTI

BREAKING NEWS: collapse of Europe’s third largest tour operator FTI

Morgann Lesné from travel M&A investment bank Cambon Partners comments:

“Most considered FTI too big to fail and therefore would not have seen this coming today. Right now a lot of those B2B suppliers will be urgently confirming their exposure and legal situation – they can guess, but it might take days to work through to an absolute figure.
“We shouldn’t count the company out completely though, as it is just possible that a white knight will come in to rescue the company – or even the German government, who stands to lose much with this. Certainly in terms of its strong asset base we’ll quickly see bidders for its extensive business lines.

“Meanwhile competitors of FTI will be conducting speedy analyses to see if they can capture its customer base – watch out for lots of talk about that publicly via targeted advertising and PR, as well as with investors. Perhaps in the next 24 hours even, things move fast in these situations as there is so much at stake.”