Treasury to Provide Small Airlines Aid Without Taking Financial Stake


 

(From The Wall Street journal)

The government won’t take a stake in small airlines seeking federal aid as part of a $2.2 trillion economic-stimulus package passed amid the coronavirus pandemic, the Treasury Department said Friday.

The department said airlines requesting less than $100 million in payroll-assistance grants won’t be required to provide financial stakes in exchange for the aid “as a result of benefits to the public,” including requirements that the companies maintain needed air service and refrain from involuntary furloughs or layoffs.

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Reprinted from: https://www.ac2news.com/2020/04/treasury-to-provide-small-airlines-aid-without-taking-financial-stake/

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