US flight bailout provides loans and cash-for-equity aid
Friday, 27 Mar 2020
The legislation, that the Senate passed Wednesday that is late night includes a US$61bil lifeline for struggling US air companies, cargo companies and contractors, with approximately half in loans and half in money help to guide salaries, advantages as well as other worker expenses, in accordance with the bill text.
TORONTO: Struggling United States air companies would be qualified to get federal loans and, if they’re prepared to supply the federal government a choice for the ownership stake, direct money help underneath the coronavirus rescue deal reached by lawmakers additionally the White home.
The legislation, that the Senate passed Wednesday that is late night includes a US$61bil lifeline for struggling US air companies, cargo providers and contractors, with approximately half in loans and half in money support to guide salaries, advantages as well as other worker expenses, in line with the bill text. Continue reading « US flight bailout provides loans and cash-for-equity aid » →