State Aid For US Airports And Manufacturers Approved

US lawmakers on February 10,2021 approved a plan to provide financial aid to the country’s airports and aviation manufacturers. While Airlines are still waiting.

The approved aid worth $8 billion by the United States House Transportation and Infrastructure Committee ion to US airports and $3 billion for a temporary payroll support program for aerospace manufacturers is program that would provide manufacturers a 50% government subsidy to cover pay, benefits and training for employees at risk of being furloughed.

However, the US airlines are still waiting as the final vote on the $14 billion in payroll support for airlines and $1 billion for contractors was delayed until February 11, 2021.

American Airlines early this month announced it would send furlough notices to about 13,000 employees as a second round of government’s payroll aid was expiring. Earlier in January 2021, United Airlines also sent furlough warnings to 14,000 staff members.

In December 2020, the US airlines received a $15 billion state aid that helped the carriers to recall furloughed workers and pay the employee wages and benefits, avoiding layoffs until March 31, 2021. After receiving the aid, the airlines called back more than 32,000 workers who were furloughed in October 2020.

Leave a Reply

Your email address will not be published. Required fields are marked *