Major airlines line up to split $25 billion in payroll aid

Southwest Life

Major airlines line up to split $25 billion in payroll aid

Treasury Secretary Steven Mnuchin said Tuesday, April 14, 2020, that the nation’s major airlines have tentatively agreed to terms for $25 billion in federal aid to pay workers and keep them employed through September. The deals aren’t final, but the assistance is almost certain to be a mix of cash and loans, and the government could take a small ownership stake in the leading airlines.

Major airlines line up to split $25 billion in payroll aid

Treasury Secretary Steven Mnuchin said Tuesday, April 14, 2020, that the nation’s major airlines have tentatively agreed to terms for $25 billion in federal aid to pay workers and keep them employed through September. The deals aren’t final, but the assistance is almost certain to be a mix of cash and loans, and the government could take a small ownership stake in the leading airlines.
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