Today I was talking to a friend of mine who is a retired travel agent. She told me that she believes that in Nov, 2004 the law that requires airlines to honor the tickets of airlines that have ceased operations be honored by other airlines will expire. She said that Congress will have to vote to extend the law. That seems unlikley as they will shortly recess until after the election.
Say, if I bought a ticket on US or any other financially weak US carrier for travel early next year and that airlines ceased operations before my travel date, that means other carriers will have to honor my ticket, if the law expires?
I am hoping there is somebody here who can give an absolute definitive answer on this subject. Many thanks in advance.