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Airlines & their Loyalty Programs
Virgin Australia | Velocity
Velocity to Krisflyer miles
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<blockquote data-quote="HS-TQE" data-source="post: 2318836" data-attributes="member: 69141"><p>Considering that the Velocity<>Krisflyer transfer was a reported money loser (edit: for VA) due to the 'egos' of the then-management running SQ (SQ getting money from VA due to the numerous transfers into Krisflyer) and the then-VA management (the 'get Qantas' at all costs approach).</p><p>We should be 'at least' grateful that Bain/Velocity/VA and Krisflyer/SQ are at least on the table to negotiate.</p><p></p><p>But overall Bain are a PE firm first and foremost, and they will negotiate hard to ensure that at least the Velocity<>Krisflyer transfer program is "sustainable", if not a money earner for Bain.</p><p></p><p>If all options presented by SQ/Krisflyer leads to losses for VA, Bain won't hesitate to cancel the program.</p></blockquote><p></p>
[QUOTE="HS-TQE, post: 2318836, member: 69141"] Considering that the Velocity<>Krisflyer transfer was a reported money loser (edit: for VA) due to the 'egos' of the then-management running SQ (SQ getting money from VA due to the numerous transfers into Krisflyer) and the then-VA management (the 'get Qantas' at all costs approach). We should be 'at least' grateful that Bain/Velocity/VA and Krisflyer/SQ are at least on the table to negotiate. But overall Bain are a PE firm first and foremost, and they will negotiate hard to ensure that at least the Velocity<>Krisflyer transfer program is "sustainable", if not a money earner for Bain. If all options presented by SQ/Krisflyer leads to losses for VA, Bain won't hesitate to cancel the program. [/QUOTE]
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Velocity to Krisflyer miles
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