Magazine about Aviation, engineering and technology

Tag: Relief

American Airlines To Receive $5.8 Billion in Payroll Support From U.S. Department of the Treasury

American to receive $4.1 billion in direct support, $1.7 billion in low-interest loan American Airlines Group Inc. (NASDAQ: AAL) announced today that the U.S. Department of the Treasury has approved $5.8 billion in financial assistance from the Payroll Support Program (PSP) created through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The funds, which… Read More ›

NBAA Welcomes Treasury’s COVID-19 Accommodations for Charter Companies

The National Business Aviation Association (NBAA) applauded guidance from the Department of the Treasury, ensuring that qualifying passenger air carriers – including many small charter operators in NBAA’s membership – have more flexible access to the Payroll Support Program contained in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Through this program, air carriers… Read More ›

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