Insurance not yet renewed for Fischer Air jets

The Atlantik financial group, which bought up debts held by the Czech Republic's largest travel agency Fischer Travel just over a week ago, has yet to reach agreement with the Allianz insurance company over insurance coverage for the travel agency's three leased passenger jets. Allianz spokesman Milan Kana made the announcement on Tuesday, saying talks would continue. Meanwhile Atlantik has declined to comment. The Allianz insurance company cancelled the travel agency's contract in late July over unpaid debts, meaning that unless a new contract is renegotiated, the Fischer agency's planes will only be allowed to fly until the end of August. The Atlantik financial group is reportedly negotiating to pay off several million crowns in debt and to have a new contract extended as of September.