Treasury Outlines Steps for PSP3 Funding | Aviation International News

Regulations and Government

Treasury Outlines Steps for PSP3 Funding

NATA advised that the third round of the Payroll Support Program is available only to carriers who received the second round.

By Kerry Lynch • Editor, AIN monthly magazine

March 18, 2021

The U.S. Department of the Treasury has issued guidelines for air carriers and contractors to receive funding for the third extension of the Payroll Support Plan (PSP3) approved as part of the $1.9 trillion American Rescue Plan, according to the National Air Transportation Association (NATA). Approved this month, the American Rescue Plan set aside another $14 billion for air carriers and $1 billion for their contractors in PSP funding. It also extended the program, which was set to expire on March 31, until the end of September.

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