COVID-19: Airline bailout takes flight | US$5.8B deal on hold

Big bailout heading to airline industry The Trump administration has reached an agreement in principle with major airline companies over the terms of a US$25 billion bailout in the midst of the coronavirus pandemic. The terms of the agreement had not been disclosed as of Tuesday. The Treasury Department said Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines and Southwest Airlines would be participating in the payroll support program, which was created as part of the economic stabilization package passed by Congress last month. The funds are intended to be used to…
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