Ten U.S. Airlines Agree to Covid-19 Relief Terms | Aviation International News

Ten U.S. Airlines Agree to Covid-19 Relief Terms

In return for grants and low-interest loans, Payroll Support Program participants may not furlough workers until September 30.

By Gregory Polek • Senior Editor

April 15, 2020

Ten U.S. carriers have agreed in principle to participate in the Treasury Department’s Payroll Support Program, part of the Coronavirus Aid, Relief and Economic Security (CARES) Act that allows for a mix of grants and guaranteed loans to the country’s airlines in return for agreements to maintain staffing and pay rates, U.S. Treasury Secretary Steven Mnuchin confirmed on Tuesday.

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The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

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