Business
STA Travel files for insolvency – Travel Weekly – Travel Weekly
The global pandemic has signalled the end for another travel company, with STA Travel unable to pay its bills.
The global pandemic has signalled the end for another travel company, with STA Travel unable to pay its bills.
The youth travel advisor has filed for insolvency, advising in a statement that an external administrator will be taking over in the next few days to determine the next steps.
While the parent company STA Travel Holding AG in Switzerland is affected, the company advised local day-to-day operations by STA Travel may continue around the world.
“The global magnitude of the pandemic cris…
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