Blue Islands closes down: What are my passenger rights as airline stops flying?

Happier times: Blue Islands ATR 72 in flight - (Alec Wilson)

Blue Islands, the Channel Islands-based regional airline, has stopped flying. Late at night on Friday 14 November, the carrier announced: “All future flights operated by Blue Islands have been cancelled. Please do not travel to the airport unless you have made alternative travel arrangements.

“We deeply regret the inconvenience that this will bring to your travel plans.”