Originally Posted by
Knobbgb
On a positive note, I also found out something I didn't know. The credit vouchers are actually backed by the government, which at least allays the fear that they would become worthless if Aegean doesn't survive.
Well, the Greek governement has effectively gone bakrupt three times in the past decade, so I wouldn't take their guarantee at face value, but rather as an attempt to sweeten the pill. But even if it doesn't get to that (and based on the current outlook, it seems that most likely it won't), consider that $*** is just about to hit the fan all arounf Europe right now. And when it does, I can't see how EU governements would spend any cash on paying back airline voucher holders, amid a rising trend in unemployment, job destruction, business closures and their healthcare systems in dire need of funding...