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Thread: What will happen to our Lifemiles if Avianca goes bankrupt?
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Old Sep 14, 2020 | 12:36 pm
  #17  
fly747first
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Originally Posted by ariel_sjo
Point to consider: Lifemiles B.V. is an entity registered in the Netherlands, with independent financials from Avianca S.A. (registered in Panama). A bankruptcy of Avianca doesn't mean an closure of Lifemiles, the program can still be acquired by any other airline. Actually Lifemiles credit rating is higher than Avianca's.
Is very similar to the Air Canada - Aeroplan relationship.
You mean in the past but no longer the case, as Air Canada bought back Aeroplan.
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