Originally Posted by
Biscoff27
I have nearly 180K miles with VS as well. I was debating about booking a flight with Delta for the fall, with the (flawed?) thought that since Delta owns nearly half of VS, they would be more likely to honor the ticket if Virgin Atlantic does fold (versus booking a VS or AF/KL flight). Have not yet, since it is a gamble--not sure if it will be safe to travel then, will the flights still exist, etc.
VS is actually less relevant than you'd think.
Flying Club is not owned by the airline. It is owned 51% by the Virgin Group and the other 49% by Delta. A VS bankruptcy does not automatically drag Flying Club along with it. But naturally Flying Club will run out of money rather fast and airline partners might immediately rip up their partnership agreements.
IMO award tickets on DL are the only thing possibly honoured if VS shuts down.