8-Aug-2013 1:02 PM
Affinia Volo: Carriers have USD350 billion of FFP liabilities on their balance sheets
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.