The following statement in the press suggests to me that they intend to stick around and fight.
It will refund fares to passengers holding reservations between now and July*31.
If an agenda to resolve their issues with casa and try and continue was not on the table they would simply pack up and shut up shop leaving potentially thousands of passengers with no option but to get in the queue of creditors with little hope of refunds.
If that happened it would call into the question of allowing airlines, particularly LCC's to charge for fares well in advance without making provision for some form of safety net for consumers.
In the Uk all payments are 'held' by a clearing company until after the flights actually take place however this is not without it's problems.
The next week or so will be very interesting.
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