Airline Passenger Protection Act of 1987

[AI summary unavailable — showing source text] Airline Passenger Protection Act of 1987 - Amends the Federal Aviation Act of 1958 to mandate that air carriers engaged in air transportation of persons provide transportation to passengers and employees of bankrupt air carriers. Directs the Secretary of Transportation to pay out of the Air Carrier Ticket Account (established by this Act) transportation expenses incurred by: (1) ticket holders of bankrupt air carriers; and (2) air carriers providing transportation to such ticket holders. Confers rights of subrogation for payment upon: (1) an air carrier providing the service mandated under this Act; and (2) the Secretary, Amends the Internal Revenue Code to establish in the Airport and Airway Trust Fund the Air Carrier Ticket Account. Directs the Secretary of the Treasury to transfer specified amounts into such Account.…