Fischer finds investor to help save failing travel empire

Vaclav Fischer, owner of one of the country's most successful travel agencies, says he has found an investor to help save his failing travel empire from collapse. Mr Fischer said on Sunday he had signed a contract with the firm Atlantik Financial Markets to keep the company from bankruptcy, on condition that bailiffs halt the seizure of company assets. Mr Fischer, until recently a senator, founded the Fischer travel agency in the early 1990s. It's now one of the biggest in the country, with its own charter airline. However the company recently encountered financial difficulties, and last week went into administration with debts of more than 15 million dollars. So far neither the company's flights nor package holidays have been affected by the financial problems.