I have some J tickets on Hong Kong Airlines booked with Velocity points at the end of the year. HKA keeps teetering on the edge of falling over, so I wonder what would happen if the airline went bust?
As my ticket was booked with VA points, do you think there's chance of getting my points back?
You can always cancel any reward ticket up to 24 hours prior to the intended departure at a charge of either 7500 points or AU$60 per ticket, as per standard Velocity cancellation policy.
So the loss of 60 bucks or 7500 points is the worst case scenario.
If the airline your ticket is booked with goes bust, you will very likely be able to claim a waiver of the cancellation charge, but that will lilkely involve a call/negotiation with customer service.
If the airline went bust then the reward ticket holders would be well down the list of creditors so I would take the refund now for $60 and do something else with the points
If the airline went bust then the reward ticket holders would be well down the list of creditors so I would take the refund now for $60 and do something else with the points
We are not talking about the bankruptcy of Virgin, or Velocity programme. It is about a partner airline.
Tickets sold by Velocity are not supposed to turn into dust as a result of the bankruptcy of the carrier that the ticket is booked with.
This means that Velocity would be the creditor to a HK company. I suspect it would be also well down the list of creditors and so while the points may not turn to dust their value may end up not being much short of it though...think Ansett a couple of decades back.
Totally agree that Velocity will be at the bottom of the list.
But that does not mean that Velocity will be relieved from its obligations to Velocity's customers.
Velocity will have to refund the ticket and deal with the loss.
I am not sure that Velocity would be on the hook for much anyway. The one thing that has never been clear to me is just when partners pay each other for tickets - but it seems to be quite close to when the flight actually takes place. I don't think they pay up immediately.
S
S
Member since 13 Sep 2013
Total posts 119
Hi all,
I have some J tickets on Hong Kong Airlines booked with Velocity points at the end of the year. HKA keeps teetering on the edge of falling over, so I wonder what would happen if the airline went bust?
As my ticket was booked with VA points, do you think there's chance of getting my points back?
dimi
dimi
Qantas - Qantas Frequent Flyer
Member since 13 Jul 2012
Total posts 154
You can always cancel any reward ticket up to 24 hours prior to the intended departure at a charge of either 7500 points or AU$60 per ticket, as per standard Velocity cancellation policy.
So the loss of 60 bucks or 7500 points is the worst case scenario.
If the airline your ticket is booked with goes bust, you will very likely be able to claim a waiver of the cancellation charge, but that will lilkely involve a call/negotiation with customer service.
patrickk
patrickk
Qantas
Member since 19 Apr 2012
Total posts 731
If the airline went bust then the reward ticket holders would be well down the list of creditors so I would take the refund now for $60 and do something else with the points
dimi
dimi
Qantas - Qantas Frequent Flyer
Member since 13 Jul 2012
Total posts 154
Originally Posted by patrickk
If the airline went bust then the reward ticket holders would be well down the list of creditors so I would take the refund now for $60 and do something else with the points
We are not talking about the bankruptcy of Virgin, or Velocity programme. It is about a partner airline.
Tickets sold by Velocity are not supposed to turn into dust as a result of the bankruptcy of the carrier that the ticket is booked with.
patrickk
patrickk
Qantas
Member since 19 Apr 2012
Total posts 731
This means that Velocity would be the creditor to a HK company. I suspect it would be also well down the list of creditors and so while the points may not turn to dust their value may end up not being much short of it though...think Ansett a couple of decades back.
dimi
dimi
Qantas - Qantas Frequent Flyer
Member since 13 Jul 2012
Total posts 154
Totally agree that Velocity will be at the bottom of the list.
But that does not mean that Velocity will be relieved from its obligations to Velocity's customers.
Velocity will have to refund the ticket and deal with the loss.
brinkers
brinkers
Qantas - Qantas Frequent Flyer
Member since 16 Jun 2011
Total posts 233
Originally Posted by dimi
Totally agree that Velocity will be at the bottom of the list.
But that does not mean that Velocity will be relieved from its obligations to Velocity's customers.
Velocity will have to refund the ticket and deal with the loss.
I am not sure that Velocity would be on the hook for much anyway. The one thing that has never been clear to me is just when partners pay each other for tickets - but it seems to be quite close to when the flight actually takes place. I don't think they pay up immediately.
S
S
Member since 13 Sep 2013
Total posts 119
Thanks for the advice :)