Airlines wait as Treasury applies strings to payroll aid
By DAVID KOENIG
AP Airlines Writer
The Treasury Department has missed a deadline for issuing payroll grants to airlines and continues to negotiate with carriers over terms of the grants designed to avoid massive layoffs. The chief holdup is Treasury’s insistence that some of the $25 billion in payroll assistance be in the form of loans, not cash. The airlines thought they had a deal: Congress agreed to give passenger airlines $25 billion in cash grants to cover payroll costs for six months. Now airlines and their unions are pressing Treasury Secretary Steven Mnuchin to start distributing the grants, which were due to be paid out beginning April 6.
Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Valley Made, Local Strong: RGV Lighting & Lettuce Eat
Decrease in demand for coronavirus testing in the Valley
Valley Vietnam veteran thankful to free standing ER after beating coronavirus
Weslaco ISD counselors offer students help with mental health issues
UTHealth School of Public Health hosts children's art contest