You say he "started" to travel. The key here is that he didn't. You can start to do a lot of things but not necessarily go through with it.
Nevertheless, the play is dead as soon as the foul happens. When that foul happened, he was in the process of shooting. So him coming down without releasing the ball really has no bearing on the play.
So yeah, he'd shoot two FT's. (Or 3)
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