US Treasury Secretary Steven Mnuchin is holding calls with airline CEOs throughout the day and could announce details of a US$32 billion payroll ...
WASHINGTON/CHICAGO: US Treasury Secretary Steven Mnuchin is holding calls with airline CEOs throughout the day and could announce details of a US$32 billion payroll grant package later this afternoon, people briefed on the matter told Reuters.
Reuters reported on Thursday that the six largest US airlines - American Airlines Group , United Airlines , Delta Air Lines Southwest Airlines Co, JetBlue Airways Corp and Alaska Airlines - are expected to get around 90 per cent of the US$25 billion package. It is also likely to demand warrants for at least some carriers, with the amount linked to the company's risk profile, though the terms and final numbers were still unclear and could still change as talks continue, they said.American Airlines is the most indebted of the top six carriers and could face the toughest terms, the sources said.
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