Exclusive: Major U.S. Airlines Eyeing Government Loans After Grants
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April 16, 2020 - by Tracy Rucinski, David Shepardson for reuters.com
Several major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said, as the industry braces for a slow recovery from the coronavirus pandemic.
While some airlines had initially planned to tap only the $25 billion in federal payroll grants, there is now a growing realization that the terms of the separate $25 billion loan package may be significantly better than those available in capital markets, the people said.
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