Originally Posted by
NoTux4Me
Incidentally, if US goes belly up before your SQ flight, under the US Code your reservation will still be good. In the USA, once a ticket is issued it is valid for travel (unless the specific carrier ticketed no longer exists) because payment is assumed upon issuance of the ticket. It is not that way in most other countries. Once the ticket is issued SQ becomes a creditor of US if US goes belly up. But, you still get to fly under the USC.
But what if SQ decides to ignore the US Code? Would a passenger holding an award ticket have any recourse?