Some Democrats in Congress are pushing back on aspects of a proposal by major airlines seeking US$50 billion in grants and loans in the face of the massive travel slowdown as a result of the coronavirus pandemic.
Democrats are expected to back assistance to the sector. But aides say they will likely demand significant conditions as part of any bailout and its form is still uncertain. They"emphasized that protecting workers' paychecks and benefits was their top priority, and that immediate action was needed," Hammill said.
Source: Loan News Today (loannewstoday.net)
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