Industry Leaders Praise Passage of More Relief Funding | Aviation International News

Regulations and Government

Industry Leaders Praise Passage of More Relief Funding

The replenishment of the PPP fund was welcomed by industry groups, seeing small aviation businesses continue to struggle.

By Kerry Lynch • Editor, AIN monthly magazine

April 24, 2020

Industry groups welcomed U.S. congressional approval this week of additional funding for the Paycheck Protection Program (PPP), saying it provides the opportunity for much-needed relief for small aviation businesses. The nearly $500 billion measure—which included more than $300 billion to replenish the depleted PPP fund with $60 billion set aside for small lenders—passed the House yesterday, following Senate passage on Tuesday.

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