Friday, 18 June 2004
Updated FAQ on dealing with bankrupt airlines
With United Airlines' application for loans from the USA government to bail it out of its ongoing bankruptcy having been denied again Wednesday by the USA Air Transportation Stabilization Board , and with US Airways (struggling to pay back the government loans that got it out of bankruptcy last year), Delta Air Lines (which has recently hired a firm of bankruptcy specialist lawyers to advise it on a possible attempt at reorganization), and American Airlines not far behind, I've updated my FAQ on Airline Bankruptcies .
The latest updated FAQ includes a correction to the scheduled expiration date (currently 18 November 2004) of the law requiring USA-based airlines flying the exact same route, and that have empty seats after accommodating all of their own passengers (including non-revenue passengers such as people redeeming frequent flyer mileage credits), to accept tickets previously issued for travel on any other USA-based airline that has completely suspended service, for no more than US$25 per flight.
As the chances grow that at least one of the major USA-based airlines could be liquidated, it's also increasingly likely that years of passenger name record (PNR) archives and tens of millions of frequent-flyer account records and histories could be auctioned off by a bankruptcy court -- possibly the largest open auction ever of personal dossiers. If you've ever flown on one of these airlines, and you don't want your travel and frequent flyer records sold to the highest-bidding consortium of direct marketers and data miners, now is the time to tell Congress to enact a Federal travel privacy law to protect the privacy of these records, in both corporate and government hands.Link | Posted by Edward on Friday, 18 June 2004, 07:54 ( 7:54 AM)