Originally Posted by
Citationcj2
Bringing Ryanair to court will get you nowhere, no matter what your legal status is. Especially now, theres a high amount of leverage given to companies in a bid to let them survive. Sure the whole EU thing is falling apart, even the GDPR is gone out the window! Things are changing
just look at their history of people bringing them to court. They always win, even if they loose in court.
They will drag you down financially in your court fees, appeals, until you eventually give up. They have money and you dont. Never underestimate rich people, money buy things.
As of now, a company that makes Billions of euro profits on every quarterly return, they have those billions sitting in the bank.
And the most scariest part here is, that when this Covid is gone, highly likely there will be only Ryanair that survives this war, which you know what will happen with the dominance of market. I wont go into this!
The issue with a court case is you have to be able to front the costs, as if you win they are all recoverable. The key thing is by law, an airline that refuses to refund the payment for a cancelled flight in the time period specified by law is in default. If they cannot do it, they are insolvent, and there is a whole process for this. If several winding-up petitions were filed against a number of UK airlines it would cause a sea change in the approach
- The government would be forced to publicly suspend the requirement to refund in a given time – leaving you as an unsecured creditor (maybe with share liability if you used a credit-card).
- The government might realise that there is a larger systemic risk and as the funder of last resort, with by far the highest risk tolerance, step up to the plate. The government can borrow at 0% interest for effectively indefinite periods of time right now, so even passing on these as a loan would be nearly free.