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Thread: SkyGreece
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Old Sep 2, 2015, 7:14 am
  #54  
nanyang
 
Join Date: Sep 2013
Location: DXB / KUO
Programs: AY, SQ, EK
Posts: 858
Originally Posted by sokolov
Wrong question, because passengers pay in advance. They have already paid. They were not creditors, they used to be debtors of the airline, until they paid. Now they have rights in relation to the airline.

If the aircraft is at least partly owned by SkyGreece, this (partial) ownership is an asset. So, yes, it can probably be secured to guarantee payment, in case SkyGreece doesn't cough up the money. Alternatively, the other partial owners can deposit securities in like amount if they want to fly the aircraft.

The question is if the necessary procedure can be done in time.
I'm not sure if I quite follow this line of thinking.

It's not entirely clear to me how pax could claim anything against the aircraft owner / lessor (which can be seen as a capacity supplier / creditor to SkyGreece). I'm not familiar with the deal, but I would not be entirely surprised if the aircraft owner's claim for losses vs. SkyGreece resulted in the aircraft owner / lessor having a significant claim vs. bankruptcy estate as well (assuming this is the end result).

It is clear that Eurocontrol liens (and similar items) "chase the tail", but not sure that the prospective pax of SkyGreece should go after any supplier / creditor of SkyGreece, e.g. airports, fuel providers?
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