FILE PHOTO: American Airlines passenger planes crowd a runway where they are parked due to flight reductions made to slow the spread of coronavirus disease , at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. REUTERS/Nick Oxford/File Photo
The deal is expected to include $25 billion in grants for passenger airlines, $4 billion in grants for cargo carriers and $3 billion for contractors like caterers. All funds would be directed toward payroll costs. The final deal is also expected to include another $29 billion in loans for passenger and cargo airlines. Airlines have warned that without cash grants they could be forced to layoff hundreds of thousands of people as U.S. travel demand has collapsed.
State intervention?!!! Does that mean Airbus gets its money back?
What are we bailing out? Depreciation?
So we should collectively get $32b worth of luggage check vouchers right?
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