WE-Flytour before bankruptcy: What does that mean for your trip to Turkey?

WE-Flytour before bankruptcy: What does that mean for your trip to Turkey?

Heilbronn, Deutschland - Another shock for travelers! The tour operator WE-Flytour from Heilbronn, who only became active on the market in 2023, has to register bankruptcy. The provider, which specializes in Turkish travel, has announced that it would make a corresponding application to the district court. This was confirmed by the German travel security fund (DRSF). Affected package travelers can hope for a refund, but waiting for compensation could be lengthy.

Insolvency not only affects future bookings: WE-Flytour has canceled all the package tours that have not yet been started up to and including December 10th. Around 1,500 travelers who are currently on vacation are also affected - many of them enjoy their stay in Turkey, Egypt or Mallorca. The DRSF has assured that these travelers ensure a safe journey home or the continuation of your vacation. The refunds already made will take place as soon as all return actions have been completed.

causes of bankruptcy

The reasons for the bankruptcy are alarming! WE-Flytour fought with a sudden withdrawal of his credit card service provider and the associated delays when changing to a new provider. The provider, the Santander Bank and its daughter, surprisingly withdrawn from the German market. This led to considerable liquidity bottlenecks, although the business went well. The bankruptcy is not as serious as the FTI bankruptcy in June, but it shows again how important it is to pay attention to a travel security certificate when booking a package tour.

The protection by the DRSF is mandatory for larger providers, but smaller organizers such as WE-Flytour can also secure themselves. If you don't have a travel security certificate, you have to contact the insolvency administrator, which is often lengthy and frustrating. In the case of the FTI bankruptcy, the DRSF has already paid 160 million euros in reimbursements, but many injured reports of difficulties in processing their applications.