New Future Flight Credit use-by dates

[deangelj]

Not sure if it has been mentioned before but VA has quietly (to me anyway) delayed the use-by dates of FFC to next year as follows:

We are extending the expiry date of Future Flight credits which are due to expire before 30 January 2023. Your credits will be available to make bookings until 31 January 2023, and can be used for travel up to 27 December 2023. If your credit is stored in a Travel Bank, it will be updated individually and we anticipate this will be completed prior to 6 May 2022.

Future Flight credits | Virgin Australia

www.virginaustralia.com

 

[AIRwin]

Same with standard credits:

We are extending the expiry date of Future Flight credits and standard credits which are due to expire before 30 January 2023. Your credits will be available to make bookings until 31 January 2023, and can be used for travel up to 27 December 2023. If your credit is stored in a Travel Bank, it will be updated individually and we anticipate this will be completed prior to 6 May 2022.

Travel Bank | Virgin Australia

www.virginaustralia.com

 

[Www]

Am I right in my reading that expiry is now end of 2023?
Valid for travel by 31 December 2023. Travel must be booked by 31 December 2023.

Future Flight credits | Virgin Australia

www.virginaustralia.com

 

[Saab34]

I wonder if it’s because any unused funds they need to gift back to the creditor pool?

 

[oz_mark]

Am I right in my reading that expiry is now end of 2023?
Valid for travel by 31 December 2023. Travel must be booked by 31 December 2023.

Future Flight credits | Virgin Australia

www.virginaustralia.com

Yes, they announced an extension back in November.

 

[Bagpuss]

I wonder if it’s because any unused funds they need to gift back to the creditor pool?

There's no such requirement as the Future Flight Credits are part of the DOCA. Hence the debt was moved across as a "token" liability post administration.
It's a use the credit or lose it scenario.