• Editor In Chief

RELIEF PACKAGE INCLUDES BILLIONS FOR BOEING, AIRLINES

NPR: DAVID SHAFER

A pretty big chunk of the $2 trillion federal coronavirus relief package will go to the commercial aviation industry; most notably, the airlines, airports and airplane manufacturer, Boeing.

They're losing billions as air travel has nearly come to a complete halt, but there are conditions for getting a total $88 billion in assistance from taxpayers.

Here's the breakdown:

Direct Grant Cash:

— $25 billion for commercial airlines

— $4 billion for cargo air carriers

— $3 billion for contractors who employ baggage handlers, wheel chair attendants, cabin cleaners, food service workers and others at airports.

Conditions:

— The aid must "exclusively be used for the continuation of payment of employee wages, salaries and benefits."

— Grant recipients cannot cut jobs, pay or benefits through Sept. 30, 2020 and they cannot buy back their stock or pay stock dividends through Sept. 30, 2021.

— The airlines must maintain service to all the destinations they served on March 1, 2020 through March 1, 2022, which could mean continuing to fly empty or near empty planes.


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