The German tour operator Frosch Touristik yesterday said there were no plans to close down its business in Malta.

On the contrary, FTI said it would be continuing its strategy of strengthening tourism to Malta.

The operator was reacting to a report in The Times yesterday quoted leading German travel magazine FVW that FTI would be sold by its mother company My Travel Group.

Georg Eisenreich, FTI's chief executive officer, said yesterday Malta remained one of FTI's most important destinations.

"We strongly believe in the attractiveness of Malta for the company's markets. Malta was one of the first destinations in the focus of FTI's tour operating business."

This ties in with the fact that the current management of FTI has a strong relationship with Malta, Mr Eisenreich said.

"There are no plans to close down the business. On the contrary, we have plans to expand."

After two years of reconstruction, FTI's aim is to lead the company into a period of profitable and solid growth.

FTI is Germany's fifth-largest tour operator with a turnover last year of €598 million and 1.1 million clients.

Until recently, FTI carried over 100,000 German visitors to Malta each year. Though its share is now down to about 20 per cent, it is still considered a major source of inflowing tourism.

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