Daily Memo: Emergency Funding For Suppliers, Aftermarket Providers
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April 6, 2020 - by Sean Broderick for aviationweek.com
The Coronavirus Aid, Relief, and Economic Security (CARES) Act sets up several new programs and adjusts some existing ones—each aimed at pumping much-needed cash into specific sized organizations or industry sectors.
Large portions of the U.S. commercial aviation industry got specific carve-outs in the $2000 billion economic relief package enacted March 27. While these loans and grants will help air carriers and other key industry players offset some financial strife caused by the COVID-19 outbreak, most suppliers will be looking elsewhere for money.
Thankfully, CARES gives even the smallest companies options.
Topping the list is the Paycheck Protection Program (PPP), a $349 billion pot of money designed to...
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