Charter & Fractional
Treasury Department Eases Aid Path for Small Carriers
The Treasury Department is not requiring financial instruments to compensate taxpayers for small passenger carriers to obtain payroll assistance.

A U.S. Treasury Department clarification eases the path for small passenger air carriers to access payroll support under the recently adopted CARES Act. Treasury Secretary Steve Mnuchin on April 10 confirmed that carriers with a payroll under $100 million are not required to provide financial instruments as appropriate taxpayer compensation for assistance under the Air Carrier Worker Support Program.


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