Airlines Meet Deadline for Payroll Grant Program

U.S. airways which include American Airlines, Delta Air Traces, and JetBlue Airways achieved Friday’s deadline to implement for component of a $25 billion payroll grant system aimed at aiding carriers weather the economic storms of the coronavirus disaster.

The system is a particular carveout for the airline business from the $2 trillion crisis aid legislation passed by Congress very last 7 days.

The grants are meant to defend airline work opportunities for the next 6 months, covering the volume that carriers paid out in salaries and rewards in the 2nd and third quarters of 2019 even as they dramatically lower flight schedules to match a remarkable fall in desire.

American, with the most significant range of total-time staff members at 133,seven hundred in 2019, was amid all those that applied on Friday. It has said it would seek out up to $6 billion in grants and $6 billion in government

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