FYI I heard on TV earlier (interview with Scurrah) that the velocity points are NOT at risk as they are backed by cash in a trust....?
I therefore suspect that the the "pause" on points redemptions is simply to avoid everyone panic-cashing their points in for vacuums or gift cards, because if the company stays operational, they will want a share of that $$ as income in the future, in the form of flight redemptions/upgrades, instead of it all going to "other" third parties like JB hifi or Myer. Just a thought.
Anyone know any more on this..? Must be some serious $$ in that trust!?
VAH Price at posting:
8.6¢ Sentiment: None Disclosure: Not Held