Bulgarian Tour Operator in Stranded Russians Scandal Files for Bankruptcy - Report

Business » TOURISM | September 20, 2011, Tuesday // 14:07
Bulgaria: Bulgarian Tour Operator in Stranded Russians Scandal Files for Bankruptcy - Report Hundreds of international tourists, predominantly Russian, waited for hours at Bulgaria's Burgas and Varna airports for their cancelled flights to be rescheduled after being cancelled due to a trade dispute. BGNES

All companies in the group of Alma Tour, the Bulgarian operator recently involved in a scandal with hundreds of stranded foreign tourists, have filed for bankruptcy, according to reports.

The reports came out Tuesday by the Bulgarian National Radio, quoting Sofia Presse, who base their information on an unnamed internal source.

Alma Tour have this far neither confirmed nor denied the information.

According to reports, the biggest creditor of Alma Tour is the Bulgarian Commercial Corporate Bank, with which the company has pledged its assets for EUR 13 M.

The stranded tourists scandal broke out after 10 days ago the Bulgaria Air carrier cancelled a number of flights booked by the tour agent on the basis of what it claims to be an EUR 3.6 M debt.

This left more than 700 Russians and several hundred nationals from Finland and the Baltic states without transportation home and waiting for days for their flights to be somehow rescheduled.

In separate reports, the central office of Alma Tour in Sofia said to be closed down on Tuesday, as company units are not accepting reservations over "financial hardship."

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Tourism » Be a reporter: Write and send your article
Tags: Corporate Commercial Bank, bankruptcy, tourists, stranded, Bulgaria Air, Alma Tour, Russians, Finland, Baltic states

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria