US flight bailout provides loans and cash-for-equity help

US flight bailout provides loans and cash-for-equity help

Friday, 27 Mar 2020

The legislation, that the Senate passed Wednesday that is late night carries a US$61bil lifeline for struggling US air companies, cargo companies and contractors, with about 50 % in loans and half in money help to guide salaries, advantages along with other worker expenses, in line with the bill text.

TORONTO: Struggling United States airlines are entitled to get federal loans and, if they’re ready to supply the federal government an alternative for an ownership stake, direct money assistance beneath the coronavirus rescue deal reached by lawmakers therefore the White home.

The legislation, that the Senate passed Wednesday that is late night features a US$61bil lifeline for struggling US air companies, cargo companies and contractors, with approximately half in loans and half in money support to aid salaries, advantages along with other worker expenses, in line with the bill text.

Treasury Secretary Steven Mnuchin could be empowered to need equity or any other securities in substitution for the bucks support to help keep employees in the task, as well as other limitations would use, including a limitation on reducing payrolls as well as on executive pay payday loans online in Connecticut, according to draft text. „US flight bailout provides loans and cash-for-equity help“ weiterlesen