NEW YORK, April 14 ― Some large US passenger airlines are close to accepting the terms of a US$25 billion (RM108.2 billion) offer for government coronavirus payroll aid, with announcements possible as early as today, people briefed on the matter said. Brent McIntosh, the Treasury undersecretary...
Tuesday, 14 Apr 2020 07:36 AM MYT
Brent McIntosh, the Treasury undersecretary for international affairs, told Reuters yesterday the agency was not planning to change the terms laid out on Friday, which require 30 per cent of the funds allotted to each airline to be repaid.“We’ve attempted to come up with an equitable methodology that works for all passenger air carriers, and we don’t want to engage in individual negotiations that would require us to make changes across the carriers,” he said.
Earlier, officials told Reuters all of the large US airlines were increasingly resigned to the terms.“We intend to get as much money out as quickly as possible, consistent with our obligation to taxpayers to know that it’s going for the right purposes,” McIntosh said.
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