New Stimulus Bill For Airlines

It is also expected to include significant changes to how the federal aviation administration certifies new airplanes following two fatal boeing co 737 max crashes that killed 346 people.

New stimulus bill for airlines. Airlines are scheduled to receive 15 billion in additional federal aid. Airlines 15 billion in new payroll assistance that will allow them to return more than 32 000 furloughed workers to their payrolls through march 31. The extension of the first round of covid 19.

Us lawmakers reportedly earmark 17b for airlines in new coronavirus stimulus package. Like the first cares act a condition of the money includes not involuntarily furloughing. Airlines will bring back more than 32 000 furloughed workers as part of the sweeping 900 billion economic stimulus bill that congressional leaders agreed to sunday.

As expected the new stimulus package being proposed has a little relief earmarked for the airline industry. The new stimulus package would require. Workers furloughed from october 1 2020 will be recalled and given back pay from december 1.

Aside from airlines the stimulus will include 1 billion to the amtrak railroad 14 billion for public transit systems and 10 billion for state highways. Under the 900 billion covid 19 stimulus agreement reached sunday u s. Dec 21 2020 at 2 51 pm.

According to sources this stimulus bill will give airlines somewhere around 17 billion in a mixture of relief and funding from the government. The payroll support program a component of the cares act the 2 trillion bipartisan stimulus package signed in march gave airlines 25 billion to keep them afloat through coronavirus shutdowns. 28 the federal stimulus bill signed into law by president donald trump late sunday is expected to bring 15 billion in relief for airlines.