WASHINGTON—The government won’t take a stake in small airlines seeking federal aid as part of a $2.2 trillion economic-stimulus package passed amid the coronavirus pandemic, the Treasury Department said Friday.
The department said airlines requesting less than $100 million in payroll-assistance grants won’t be required to provide financial stakes in exchange for the aid “as a result of benefits to the public,” including requirements that the companies maintain needed air service and refrain from involuntary furloughs or layoffs.
This just came out today. Anyone know how much or if GoJet requested $$$$ ?
I'm not sure what the Treasury Dept deems small , but looks like they are giving small airlines the green light to furlough & cut routes as needed