Insolvent Tyrolean tour operator Travel Europe is closed

Talks with potential investors have failed, affecting 116 employees. The company filed for bankruptcy at the beginning of January.

Bad news from the economy at the start of the week: The Tyrolean travel company Travel Europe, which is affected by a bankruptcy of millions of dollars despite corona millions, is finally on the brink of closure. Talks with various investors had failed, Creditreform reported Monday morning. The restructuring proceedings against the assets of the company “Travel Europe Reiseveranstaltungs GmbH” based in Stans (Schwaz district) were opened on Janu…

The Weiden-based Knorr specialist center, which is also in trouble as part of the insolvent Ziegler Group, has found an interim solution for affected employees to support their search for a new job.

The Tyrolean tour operator Travel Europe Reiseveranstaltungs GmbH with 116 employees and based in Stans in the district of Schwaz is closed down. Financing talks with various investors had failed, and no fresh liquid funds had been made available by financial creditors, the creditor protection association Creditreform announced on Monday. It was originally intended to continue the company.

After talks with potential investors from France broke down, the Tyrolean travel company Travel Europe, which went bankrupt at the beginning of January with 32 million euros in debt, is to be closed.

The management had held talks with a French group of investors, but these were unsuccessful.