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📃 FTI Voyages, subsidiary of German-based FTI Touristik, is now in administrative liquidation as declared by the Strasbourg court, with the sale open until July 22 but no buyers emerging. The company proactively canceled all bookings up to 2025, affecting thousands of clients, as confirmed by General Manager Ludovic Rigel. Bookings made via agencies with full or partial payments for GDS-based or low-cost flights packages are not canceled.

💰 In Italy, the 2023 fiscal calendar shifted the tax payment deadlines from June 30 to July 1 due to the former falling on a Sunday. Travel agencies and tour operators face a congested period with the usual monthly VAT and withholding payments due on the 16th, combined with income tax balance payments for 2023 and the first 2024 advance payment due on July 31. The newly introduced Biennial Preventive Agreement alters the deadline for eligible parties to the month's end. Italian tax authorities are accelerating compliance document issuance, including presumed undeclared POS earnings alerts, to manage the August break. Adjusting the fiscal year-end to September 30 or August 31 could help companies avoid summer tax bottlenecks.

🛫 Paris airport workers' unions called off a strike planned for today after reaching an agreement with Aeroports de Paris (Adp) just 9 days before the Olympics. The dispute was over "extra pay" due to increased workload for the upcoming Paris Olympics (July 26-August 11) and Paralympics (August 28-September 8). Adp, employing 570,000 people across Charles de Gaulle-Roissy, Orly, and Le Bourget airports, agreed to certain financial incentives. Paris expects 15.3 million visitors for the Games, 90% being domestic, half from the Île de France region.