What are my rights if an airline fails?

Have a question? Ask our expert Simon Calder

Q We are independent travellers stranded in Cyprus because of the collapse of Cobalt. We tried to get rescue flights with Wizz Air and Blue Air without success but couldn’t find anyone to help us.

We have now had to book expensive one-way Pegasus flights via Istanbul for £435 each in three days’ time. In addition our M&S travel insurance has refused to tell us if we have scheduled airline failure insurance. We spoke to someone who said it would have to be addressed further when we get home.

What is your advice?