, Frontier Airlines, Hawaiian Airlines, Sky West Airlines, and Spirit Airlines finally agreed to the government's terms, the Treasury said in a statement. Discussions are continuing with other companies in the sector.
The Treasury did not provide details of the loan terms, saying only that it required borrowers to provide warrants, which are financial instruments that can be converted into shares, or other forms of debt or equity. These loans are on top of another $25-billion package paid out by the government in exchange for a commitment by the airlines not to cut jobs until after September 30.
However chief executive officer Doug Parker and president Robert Isom said in a letter the company expects to have 20,000 more employees than necessary by the fall.
United Airline getting $5B in U.S. Govt loans but NOT required to give customers FULL REFUNDS instead of JUST Vouchers for those cancelling travel during the pandemic...REALLY!! We need Trump, Hannity, Tucker, etc. to jump on this!!
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