Airmiles safer exchanged for flights?

[PoohBears#1fan]

We have around 200,000 airmiles with VA, of course if the worst were to happen with VA we're aware that we'd lose these.

Do you think it's worth exchanging them for flights (random flights 11 months out that we could change), or as reward flights would they have no protection anyway?

Obviously I'm hoping it doesn't come to this and that airlines make it through but with so much at stake for all of us, it's natural to have these thoughts of how to protect what we could stand to lose.

[Guest]

I don't think booking random flights would help. If Virgin were to go under (let's hope it doesn't come to that), then you are not going anywhere on them anyway.

[snowbelle]

Thinking aloud here so it may not work!

Could you use them against a Delta flight? if anything happens to Virgin Delta are far bigger and could potentially take the hit.

[Cabbie]

Strictly speaking Virgin Rewards are a separate company to VS, whether they will be affected if VS collapses remains to be seen.

-Steve

[PoohBears#1fan]

Originally Posted by Claudette

I don't think booking random flights would help. If Virgin were to go under (let's hope it doesn't come to that), then you are not going anywhere on them anyway.

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Of course, totally hoping it doesn't come to that. I was more musing about whether there'd be any comeback on the flights should they go under whereas I would expect to just lose the miles.

Originally Posted by snowbelle

Thinking aloud here so it may not work!

Could you use them against a Delta flight? if anything happens to Virgin Delta are far bigger and could potentially take the hit.

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Interesting thought, thanks.

Originally Posted by Cabbie

Strictly speaking Virgin Rewards are a separate company to VS, whether they will be affected if VS collapses remains to be seen.

-Steve

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Hmm lots to get head around!

[munmun]

If they go bust not only will you lose your miles but your money you paid in taxes too.

[Guest]

Originally Posted by munmun

If they go bust not only will you lose your miles but your money you paid in taxes too.

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No I don't think the taxes will be lost. That is nothing to do with Virgin.

[munmun]

Originally Posted by Claudette

No I don't think the taxes will be lost. That is nothing to do with Virgin.

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The problem is that virgin probably keep the taxes and pay over to HMRC periodically. While you are right they dont belong to virgin I think they will be difficult to get back.

A bit like if you have paid VAT on an item and the buisness goes bust it's hard to get the VAT back.

I am happy to be proved wrong.

[loola30]

Originally Posted by munmun

The problem is that virgin probably keep the taxes and pay over to HMRC periodically. While you are right they dont belong to virgin I think they will be difficult to get back.

A bit like if you have paid VAT on an item and the buisness goes bust it's hard to get the VAT back.

I am happy to be proved wrong.

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Presumably this would be where I would use travel insuranace to reclaim the taxes if it came to it though? If they go bust I've written off my 300K of miles

[PoohBears#1fan]

Originally Posted by loola30

Presumably this would be where I would use travel insuranace to reclaim the taxes if it came to it though? If they go bust I've written off my 300K of miles

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Are you leaving yours as miles or converting them to flights?