Update - Given the escalation of the situation of the past few days and dire outlook for the immediate few weeks/months, I have just transferred the bulk of my Velocity points to Krisflyer. I was always intending to do this eventually and I really, really hope for everyone's sake that it turns ou...

With so many airlines going bust recently - Flybe only just this week - does anybody have experience in losing FF points when an airline has gone under? (I imagine there would be some still scarred by the collapse of Ansett)While it may be far from danger at this point, given the recent financial...