US Congress approves aviation payroll support extension
Both houses of the US Congress have passed the third comprehensive coronavirus relief package for the air transport industry, which would grant airlines $14 billion more in payroll support as the crisis drags on. The US Congress passed the legislation, called the “American Rescue Plan Act of 2021”, early on 6 March. It now heads back to the House of Representatives for a final vote on 9 March and is expected to be signed by President Joe Biden shortly thereafter. The aid would come with the same conditions as included in the previous financial relief measures. It would prohibit airlines from laying off staff for another six months, until the end of September 2021, and restrict airline executive pay and share buybacks. The funds would provide about 60% of the airlines’ employee costs. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-09/general/us-congress-approves-aviation-payroll-support-extension
https://portal.staralliance.com/cms/logo.png
US Congress approves aviation payroll support extension
Both houses of the US Congress have passed the third comprehensive coronavirus relief package for the air transport industry, which would grant airlines $14 billion more in payroll support as the crisis drags on. The US Congress passed the legislation, called the “American Rescue Plan Act of 2021”, early on 6 March. It now heads back to the House of Representatives for a final vote on 9 March and is expected to be signed by President Joe Biden shortly thereafter. The aid would come with the same conditions as included in the previous financial relief measures. It would prohibit airlines from laying off staff for another six months, until the end of September 2021, and restrict airline executive pay and share buybacks. The funds would provide about 60% of the airlines’ employee costs. <br/>
