FlyerTalk Forums - View Single Post - Mechanics of the FFP from a business perspective
Old Mar 21, 2008 | 3:52 am
  #11  
chornedsnorkack
 
Join Date: Dec 2006
Posts: 1,452
Liability and bankruptcy

If frequent flyer points are a liability on account books, are the point holders creditors when the airline goes bankrupt like Aloha just did?
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