http://www.aviationexplorer.com/defu..._worldwide.htm

This is a site that lists bankrupt airlines from all-over the world. In addition to tens of US companies, the site lists 18 Australian ones and 44 German ones. As a matter of fact, I've flown on some of the "late" airlines, such as Arista, Braniff, Eastern, Panam, People Express and TWA (US) and several more from other countries. In addition, I lost a lot of money that I had invested in a safe, super-safe bond: Lehman Bros! The latter statement has nothing to do with frequent flying programmes, but that's the same for most of the previous posts!

Most questions of joining A3's programme in FT would not have come up, if Miles and Bonus hadn't been tailored mostly for Greek travelers. Now, though, people throughout the world are taking advantage of it's easy track for gold membership in order, basically, to use the tier's privileges without paying much. This sort of reminds me of the Greek economy or, at least, what Greece as a country is accused of having done!

And in case you didn't understand, I am Greek, I am not a thief, and I now earn 20% than last year in order for my government (my employer) to pay for our debt.