Next insolvency
Millions of euros in debt – Viennese travel agency goes bankrupt
A Viennese travel company has filed for insolvency. As announced by the Alpenländische Kreditorenverband (AKV), restructuring proceedings without self-administration have been opened for dta Touristik GmbH. The company has debts of 2.5 million euros.
The travel agency is based in Mariahilfer Straße in the city centre and specializes mainly in trips to Turkey, Greece and Egypt. Most recently, three people were employed.
There are 45 creditors. The travel agency attributes the fact that it had to file for insolvency to the Covid-19 pandemic and the travel restrictions at the time, among other things. Turnover had collapsed and could no longer be made up.
The plan is for the company to continue as a going concern - with the help of investors. Creditors will receive a 20% share within two years.
Other travel companies have also been affected by bankruptcy in the recent past, including FTI Touristik last June and Travel Europe Reiseveranstaltungs GmbH at the beginning of January 2025.
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