Originally Posted by
PiperAtGatesofDawn
JP has better finances than 9W so you could be in luck. 9W may take better care of you on your day of travel. It is almost guaranteed that 9W will not be flying to/from AMS in the near future.
EC261 absolutely will apply in your situation. However if the airline is no more then who knows what happens.
I would suggest you have a plan B in place.
EU compensation is paid for by the airline. If the airline is bankrupt, then they won't pay it