Natalie Tours officially announces suspension of operations

MOSCOW, Aug 14 (PRIME) -- Russian tour operator Natalie Tours officially announced suspension of its operations on its website on Tuesday.

Panorama Tour, the firm that operates Natalie Tours, earlier annulled all tours from July 4 through September 30. Before that, the company faced a lack of funds to make timely payments to suppliers, which its management attributed to incorrect evaluation of cash flows and lower demand for tours to Europe.

On July 20, Moscow’s prosecutor’s office announced a probe into the operator and demanded to open a criminal case upon results of the examination.

End