STA Travel significant event bankruptcy
STA Travel was a Travel Supplier supplying travel products and service to the general public through their 200 retail travel agency stores located globally. It was owned by Diethelm Keller Holding (DKH), with headquarters in Zurich and London. It had almost 2,000 employees working in over 200 stores worldwide.In August 2020 the Swiss parent company filed for insolvency. The UK, Australian and New Zealand subsidiaries also entered administration in the same week.
Originally an acronym for "Student Travel Australia", the company was later branded as "Student Travel Association" and later branded itself as a retronym "Start The Adventure". Under the BUNAC brand, the company arranged working holidays and volunteering.