CARES Act Loans

shutdown

Well-Known Member
Per 7 airlines secure Cares Act loans from Treasury AA ($5.4 billion), AS, B6, F9, HA ($420 million), OO, and UA have closed on loans from Treasury under the original CARES Act.

Loans to Air Carriers, Eligible Businesses, and National Security Businesses | U.S. Department of the Treasury should be updated soon with the amounts for AS, B6, F9, OO, and UA.

Unfortunately, while the CARES Act specified that carriers taking loans have to maintain air service to communities (which will probably end up being the same requirements as under the original conditions of the Payroll Support Program) through March 1, 2022, the requirement to reduce employment levels by no more than 10% was only through today, September 30, 2020.
 
Top