Politics House Democratic coronavirus relief package to provide more aid for airlines

05:10  26 september  2020
05:10  26 september  2020 Source:   thehill.com

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House Democrats are preparing a new, smaller coronavirus relief package expected to cost about .4 trillion as they try Democrats and Republicans have failed to come to agreement on more aid to combat the health and economic damage from the crisis, even after a 0 per week supplemental

House Democratic lawmakers are preparing a new .4 trillion coronavirus aid package , according to multiple published reports on Thursday. The measure would have a lower price tag than the .4 trillion relief package that the Democratic -run House passed in May, and it comes as analysts have

The House Democratic emergency coronavirus relief package, which has not yet been unveiled, includes additional funding for the airlines, according to a source familiar.

a person wearing a suit and tie: House Democratic coronavirus relief package to provide more aid for airlines © Greg Nash House Democratic coronavirus relief package to provide more aid for airlines

A House Transportation and Infrastructure Committee Democratic aide also told The Hill that airlines will be addressed in the package.

Speaker Nancy Pelosi (D-Calif.) had tasked committee heads with drafting a package this week, and Ways and Means Committee Chairman Richard Neal (D-Mass.), who is leading the charge, said the package could receive a vote by Oct. 2.

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More than a dozen Republican senators on Wednesday backed billion in additional federal aid for the airline industry as a spike in coronavirus cases in the U.S. in The added GOP support increases the likelihood that the funds get included in the next big aid package to help the U.S. weather the

Reeling from the coronavirus crisis, U.S. airlines are seeking over billion in financial assistance from the government, more than three times the A potential aid package could include government-backed loans, cash grants and other measures including relief from taxes and fees, according to an

Under the terms of the CARES Act relief funding that passed this spring, airlines are prohibited from firing or laying off any employees until Oct. 1. Once that deadline passes, workers in the industry are expected to take a hit, barring new assistance from the government.

"We have been told that airline worker relief is in the package and are grateful for the strong, bipartisan support. We are hopeful that this is the start of a negotiation that will help our industry and others in distress," Nicholas Calio, head of the industry group Airlines for America, told The Hill in statement.

On Oct. 1, American Airlines expects to ax 19,000 jobs, and United Airlines said it plans to cut 16,370. Delta Air Lines will delay the effective date for a potential 220 pilot furloughs to Nov. 1 and will not furlough any flight attendants and front-line workers in 2020 due to the many employees who opted for early retirement.

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With most forecasters predicting that the U.S. economy is either already in a recession or heading into Cash grants of billion for airlines (in addition to loans), billion for air cargo carriers, 0 billion to state and local governments. At over trillion, this is the largest rescue package in In order to provide liquidity to the hardest hit businesses and industries, the coronavirus stimulus plan

The more than billion in government aid U.S. airlines are seeking as the coronavirus ravages their businesses must include worker and consumer protections, Democratic lawmakers and labor unions said Tuesday. They criticized airlines for spending years of windfall profits buying back their

The airline industry is seeking a $25 billion injection to postpone any job cuts at least until April.

"The jobs and livelihoods of tens of thousands of U.S. airline employees are at stake, and time is running out. We commend the congressional leadership and the Administration for recognizing the urgency of the situation," Calio said.

The CARES Act, signed into law in late March, provided $25 billion in direct grants to passenger airlines, as well as $25 billion in loans and loan guarantees.

The House Democratic proposal released in May did not provide any additional funding to airlines but included a provision that would have prevented airlines from furloughs if they were still using CARES Act money. The Senate GOP proposal, released in July, did not provide additional funding for airlines either but included $10 billion for airports.

American Airlines CEO Doug Parker, United CEO Scott Kirby and JetBlue Airways CEO Robin Hayes were on Capitol Hill this week with union leaders to plead for Congress to made a deal on aid to the industry before Oct 1.

Calio said on Thursday that the group has been meeting with leadership in Washington "regularly."

Airline CEOs and union leaders were also in Washington last week to meet with White House officials and speak by phone with Pelosi and House Transportation and Infrastructure Committee Chairman Peter DeFazio (D-Ore.).

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