U.S. Treasury Secretary Steven Mnuchin told major airlines on Friday he wants them to repay some of the $25 billion in cash grants the U.S. Congress approved last month to cover payroll costs, three industry officials briefed on the matter told Reuters.
Mnuchin spoke with the chief executives of major airlines in separate calls on Friday and told them the department was offering 70% of the grants that would not need to be
repaid, while airlines would be required to offer warrants and repay low-interest loans in exchange for the remaining 30%, the sources said.Treasury did not immediately comment.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Treasury briefing U.S. airlines on $32 billion grant program: sourcesU.S. Treasury Secretary Steven Mnuchin is holding calls with airline CEOs throughout the day and could announce details of a $32 billion payroll grant package later this afternoon, people briefed on the matter told Reuters.
Consulte Mais informação »
Trump says airlines could receive grant details this weekend as sources say around 275 appliedPresident Donald Trump said on Thursday that airlines could receive details this weekend about the terms of a $32 billion payroll grant to offset the impact of the coronavirus outbreak, which sources told Reuters has received around 275 applicants.
Consulte Mais informação »
Everything You Need to Bake Bread (Assuming You Can Find Flour and Yeast)Everything you need to partake in making 'the fidget spinner of the COVID-19 age'
Consulte Mais informação »
Chris Harrison Just Gave Us Major Updates on ‘Bachelor in Paradise’ and “The Bachelorette’Chris Harrison Just Gave Us Major Updates on 'Bachelor in Paradise' and 'The Bachelorette'
Consulte Mais informação »
Treasury to Provide Small Airlines Financial Support Without CollateralThe government won’t take a stake in small airlines seeking federal aid under the stimulus package passed amid the coronavirus pandemic, the Treasury Department said.
Consulte Mais informação »
Treasury Department says larger airlines need to compensate taxpayers for coronavirus aid as talks drag onTalks for the aid have blown past a Monday deadline to disburse up to $32 billion in grants to airlines and contractors to weather coronavirus.
Consulte Mais informação »