Aircraft
CARES Act Passage Applauded, But Details Carry Pitfalls
The U.S. Treasury Department now faces the task of allocating coronavirus aid and assigning conditions.
The U.S. Congress passed a $2.2 trillion coronavirus rescue package on March 27 by unanimous consent. (Flickr: Creative Commons (BY) by John Brighenti)
The U.S. Congress passed a $2.2 trillion coronavirus rescue package on March 27 by unanimous consent. (Flickr: Creative Commons (BY) by John Brighenti)

Passage of the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act by the U.S. House of Representatives on Friday looked certain to secure President Donald Trump’s signature, but how much of the funds go to each individual airline and aerospace company and under what conditions remains a matter for the Treasury Department to decide. Each company must still apply for its portion of the guaranteed loans and grants, and whether or not the government requires equity stakes as a condition of the aid might determine how it gets distributed.