Bankruptcy due to corona
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Running out of liquidity: Smaller and medium-sized German tour companies are facing insolvency.
The German travel trade is suffering heavily from the corona crisis. Booking cancellations and disappearing hopes for a voucher scheme to prevent large-scale customer repayments force tour operators to file for bankruptcy. But a lot of travel agencies are affected, too.
As many as two tourism companies in three now fear they are threatened by insolvency, reported the German Travel Industry Association (DRV) which carr
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