Airlines, Treasury reach tentative deal for billions in US aid
US airlines reached preliminary agreements with the Treasury Department to access billions of dollars in aid as the govt attempts to shore up one of the industries hardest hit by the coronavirus pandemic. The deal covers all major carriers, the Treasury said. The govt is doling out US$25b in payroll assistance allocated for passenger carriers in the $2.2t stimulus package signed into law March 27. Treasury secretary Steven Mnuchin said the program “will support American workers and help preserve the strategic importance of the airline industry while allowing for appropriate compensation to the taxpayers.” The Treasury expects to start doling out the funds as soon as this week, according to a person familiar with the matter. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-15/general/airlines-treasury-reach-tentative-deal-for-billions-in-us-aid
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Airlines, Treasury reach tentative deal for billions in US aid
US airlines reached preliminary agreements with the Treasury Department to access billions of dollars in aid as the govt attempts to shore up one of the industries hardest hit by the coronavirus pandemic. The deal covers all major carriers, the Treasury said. The govt is doling out US$25b in payroll assistance allocated for passenger carriers in the $2.2t stimulus package signed into law March 27. Treasury secretary Steven Mnuchin said the program “will support American workers and help preserve the strategic importance of the airline industry while allowing for appropriate compensation to the taxpayers.” The Treasury expects to start doling out the funds as soon as this week, according to a person familiar with the matter. <br/>
