Aviation Groups Ask Treasury for Loan Flexibility | Aviation International News

Regulations and Government

Aviation Groups Ask Treasury for Loan Flexibility

NBAA, RAA, NATA, and RAA say restrictions placed on CARES Act aviation loans are preventing their members from accessing the relief funds.

By Kerry Lynch • Editor, AIN monthly magazine

August 5, 2020

Four aviation groups are appealing to the U.S. Treasury Department to provide more flexibility in the eligibility of a direct loan program established for air carriers, saying major segments of the industry are facing challenges accessing the program. Section 4003 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act set aside $25 billion in loans and loan guarantees for air carriers, including Part 135 operators, as well as associated Part 145 repair stations and other support entities.

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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. 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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