Guarantee trips asks bankruptcy

13-07-2015 15:46
The guarantee fund for specialist tour operators SGST asks Monday its own bankruptcy. The financial insolvency of Baba Sahin / QK travel has the guarantee tie fastened.
 
This report SGST on its website.
 
At the same time does SGST in the prosecution of fraud declaration against the owner of Baba Sahin tour. The suspicion that these pre-paid travel sums worth 1.7 million has been channeled to Turkey.
 
The SGST was founded in 2009 as a guarantee for specialist tour operators who took more than 75 percent of their revenue from one destination. In most cases, the operators concerned with travel to Turkey. The fund is separate from Travel Compensation Fund (SGR) which most other travel agencies are affiliated.
 
GSC
Yet the collapse of Baba Sahin also a sling for GSC. This guarantee puts five tons in order to compensate aggrieved passengers. The financial resources of SGST were insufficient to meet fully its commitments to the victims of Baba Sahin. GSC had in establishing SGST obliged to supplement any shortages.
 
The remaining operators currently participating in SGST can no longer rely on the guarantee. '' For that reason, with immediate effect, in fact, no longer be booked with SGST guarantee, '' says the fund.
 
By: Reuters / Photo: www.abctravel.nl
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