Airlines Hesitate Over Coronavirus Stimulus Package’s Aid Terms

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Airlines Hesitate Over Coronavirus Stimulus Package’s Aid Terms
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The $2 trillion stimulus package passed last month included everything the airline industry requested, and some restrictions they find hard to swallow

The $2 trillion stimulus package passed last month included everything airlines requested, and some restrictions they find difficult to swallow.

The aid offer includes $50 billion, half in direct payroll assistance and half in loans and loan guarantees. But the $25 billion to pay salaries and benefits this summer comes with more strings than the largest airlines were hoping for. Treasury Secretary Steven Mnuchin told chief executives Friday that 30% of that money is to be repaid and that they will need to offer stock warrants...

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