The Boeing Company today announced a $500,000 donation from the Boeing Charitable Trust to CARE in support of COVID-19 relief efforts in Indonesia. Funds will be used to increase capacity of local health centers, provide inflatable negative pressure tents and beds to accommodate COVID-19 patient...

American Airlines Group Inc. has closed its previously announced $10 billion financing backed by the AAdvantage program and used a portion of the proceeds to prepay its secured loan from the U.S. Department of the Treasury. In doing so, American has terminated its loan commitments under the secured ...

In a video message to Employees today, Southwest Airlines Chairman and CEO Gary Kelly outlined the Company’s plans to avoid furloughs and layoffs through 2021.  You can watch the video here: https://www.swamedia.com/releases/release-3b00a21770a21c5c30a52599d17dc36d-gary-kelly-outlines-plans-t...

SkyWest, Inc. has announced that it and its wholly-owned subsidiary SkyWest Airlines, Inc. have entered into a five-year Loan and Guarantee Agreement with the U.S. Treasury Department which provides SkyWest Airlines with a secured term loan facility to borrow up to $573 million under the Coronavirus...

American Airlines Group Inc. will adjust its October schedule to remove service to 15 markets as a result of low demand and the expiration of the air service requirements associated with the Coronavirus Aid, Relief and Economic Security (CARES) Act. This is the first step as American continues to ev...

By Leslie Josephs CNBC American Airlines is preparing to scrap flights serving two-dozen medium and small cities as the expiration of federal coronavirus aid that placed restrictions on carriers from cutting service approaches, according to an executive at the carrier. Airlines are required to m...

By Doug Gollan FORBES While CARES Act support for the airlines and private jet operators has been well documented, the Treasury Department also provided payroll aid to cargo airlines, fuelers, and companies that support air travel such as ground handlers, and yes, airline caterers. One of the ...

Swissport North America Inc. has agreed on 10 July 2020 a Payroll Support Program agreement (“PSP Agreement”) with the U.S. Department of the Treasury under the CARES Act. Under the terms of the PSP Agreement Swissport expects to receive a total of 170.4 million US dollars of financial assistanc...

Alaska Airlines and Horizon Air finalized agreements today with the U.S. Treasury Department and accepted full disbursement of funds through the Payroll Support Program (PSP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act, subject to terms that were previously disclosed. Ala...

Last week, the Federal Aviation Administration (FAA) announced CARES Act Airport Grant Program funds available to Alaska. Across the state, statistics on 257 airports were used in calculating Alaska’s share of the funding. Of the $124.17 million that will come to Alaska, $33 million is designa...

Allegiant Travel Company announced today an agreement with the U.S. Department of the Treasury to receive $171.9 million in emergency relief under the Coronavirus Aid, Relief and Economic Security (CARES) Act. The Payroll Support Program (PSP) funds are targeted to support team member salaries and...

Miami International Airport was awarded $207 million in funding from the federal government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act Airport Grant Program – making MIA the largest grant recipient among all airports in Florida. MIA officials will use the grant to support the ...

United Airlines has confirmed that the airline expects to receive a total of approximately $5.0 billion from the federal government through the Payroll Support Program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Of the $5.0 billion total the airline expects to receive,...

A4A President and CEO Nicholas E. Calio issued the following statement today: "On behalf of the leading U.S. airlines and 750,000 employees, we are grateful for the work of the Trump Administration – especially President Trump, Vice President Pence, Secretary Mnuchin and Secretary Chao – and...

Alaska Airlines and Horizon Air agreed to general terms today with the U.S. Treasury regarding their participation in the Payroll Support Program (PSP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act. The airlines are currently working through the detailed agreements necessary b...