The United States Treasury comes to terms with 10 airlines, including the 4 largest – Delta Air Lines, American Airlines, United Airlines, and Southwest Airlines. coronavirus
US President Donald Trump said the deal means"our airlines are now in good shape, and they will get over a very tough period of time that was not caused by them."
He added that the Treasury is evaluating applications from smaller passenger carriers and also"will provide further guidance" to cargo airlines and their contractors.US airlines hailed the agreement, with Southwest congratulating the Treasury on its move"to infuse liquidity into the economy and try to keep businesses open and people on the job – and that certainly includes the airlines and our employees.
That is in line with a demand the Treasury made in talks on Friday, April 10, for warrants to compose 10% of the aid each company receives, the source said, while informing airlines that they'd have to pay back 30% of the money they received. "The support our government has entrusted to us carries immense responsibility and an obligation that American Airlines is privileged to undertake," the carrier's chief executive officer Doug Parker said in a statement.
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