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BUDGET AIRLINES PITCH US GOVERNMENT AID UNDER $2.5 BILLION RELIEF PLAN

  • NEWS Desk Global
  • Apr 27
  • 1 min read

A group of U.S. budget airlines, including Frontier and Avelo, has proposed exchanging warrants that could ​be converted into equity stakes for $2.5 billion in U.S. government assistance, ‌two sources told Reuters.

The chief executives of several low-cost carriers met with Transportation Secretary Sean Duffy and Federal Aviation Administration chief Bryan Bedford in Washington last Tuesday ​to discuss the proposal, which was first reported by the Wall ​Street Journal.

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