suggestions to economically rescue airline-hotel-cruise companies in crisis
Mar 27, 20, 10:51 am
#16
Join Date: Jun 2013
Location: NYC
Programs: UA
Posts: 444
Can't an unlimited-limited pass contract include protections wrt bankruptcy?
That bankruptcy combined with continued service will NOT wipe out passes?
That bankruptcy filing will pre-trigger sliding scale refund based on how many
times pass was used, but in a way still very favorable to pass owner?
Etc Etc, there MUST be creative ways to resolve this issue.
How many hundreds of millions of $$ could an airline generate
if they offered, say, once-a-week busn class rt 20 yr pass for $500K
to those who have 2-yr history of flying on that airline of less than monthly...?
That kind of qualifier would protect airline from losing $$ from frequent spenders...?
That bankruptcy combined with continued service will NOT wipe out passes?
That bankruptcy filing will pre-trigger sliding scale refund based on how many
times pass was used, but in a way still very favorable to pass owner?
Etc Etc, there MUST be creative ways to resolve this issue.
How many hundreds of millions of $$ could an airline generate
if they offered, say, once-a-week busn class rt 20 yr pass for $500K
to those who have 2-yr history of flying on that airline of less than monthly...?
That kind of qualifier would protect airline from losing $$ from frequent spenders...?
Creativity is not really part of bankruptcy.
I do not think that there would be an easy way to offer such passes with all that protection given the various federal and state laws on bankruptcy.
