Travel question: What happens if the airline I’m booked with goes bust?

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Indian carrier Jet has spiralled into financial despair (Jet Airways)

Q Over the past couple of weeks you have written a lot about Jet Airways and the rights of passengers who are booked with the airline. As someone who flew with Jet in the past, I am now concerned about how to make sure that I won’t lose out in future if an airline I’m booked with goes bust.

Linda C

A Tens of thousands of passengers booked with Jet Airways have faced extreme frustration and expense as the airline spiralled further into financial despair. I also have flown happily with Jet Airways in the past and feel sympathy for the excellent staff.