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Affinia Volo: Carriers have USD350 billion of FFP liabilities on their balance sheets

8-Aug-2013 1:02 PM

Affinia Volo founder and CEO Atanas Christov, speaking at the CAPA Australia Pacific Aviation Summit, stated (08-Aug-2013) the value of frequent flyer programmes is becoming increasingly clear with points being seen as a source of capital for carriers to raise financing. Mr Christov said carriers have USD350 billion of liabilities on their balance sheets for frequent flyer points.