QuestionsCategory: Air TravelWORSE CASE SCENARIO?
gnfb1234 Staff asked 6 months ago

What happens if your Airline goes bust (bankrupt, discontinues services)
I always like to be prepared and know my options. There is a better than average possibility that the bubble will burst in China fairly soon. (Dont believe me? So why are all the uber rich and top companies in China moving assest etc overseas?) Ethiad is cutting deep on services due to financial issues etc etc. So where do we stand in New Zealand? Joe Blow buys his $4000 NZD ticket on China airlines online. China airlines does a whoopsie! shuts up shop and….  Are there any insurances one can take out? Does the Consumer guarantee act thingy here in NZ cover that ? I personally am after a general answer every case will have its differences but interested in a overview?

gnfb1234 Staff replied 6 months ago

update. State Travel Policy

We will not pay for.

25. claims arising from the failure of any travel agent, tour
operator, accommodation provider, airline or other
carrier, car rental agency or any other travel or tourism
services provider to provide services or accommodation
due to their Insolvency or the Insolvency of any person,
company or organisation they deal with.

Your Answer
20 + 7 =