Online agency AirFastTickets terminates operations

Online agency AirFastTickets terminates operations

Online travel booking agency AirFastTickets is in the process of closing down and its employees have launched a strike to press for the payment of their salaries of recent months that are still owed to them.

The company’s shutdown follows the bankruptcy of the AirFastTickets companies in Germany and the US.

The alarm bells had been sounded about a year ago when the International Air Transport Association (IATA) announced the termination of its cooperation with the online agency, citing debts to the association.

The company was unable to recover after that setback, while sources spoke of a delay in the payment of dues to airlines exceeding 50 million euros.

In early 2014 AirFastTickets tried to stay alive by issuing a statement saying it was locked in negotiations with major Chinese companies for the sale of its majority stake.

Apparently the talks bore no fruit, with the capital controls inflicting the killer blow.
AirFastTickets had also been accused by other travel agencies of generating confusion among consumers through its sales techniques.

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