BTNews
Reuters reports that the US Treasury Department on Friday (15 January) began distributing $15bn in new payroll assistance to airlines, money allocated by Congress to help more than 32,000 aviation workers return to jobs by at least 31 March.
Large airlines receiving assistance need to repay 30% to the Government in 10-year, low-interest loans. They must also issue warrants as part of the assistance and agree to extend restrictions on executive compensation and a ban on paying dividends and share repurchases through March 2022...read here
