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07-07-2020 | 05:43 PM

#103

CAirBear

Line Holder

Joined: Apr 2013

Posts: 1,226

Likes: 9

Quote:

Originally Posted by SeriousShirley

Spirit one of 5 major airlines who came to an agreement on CARES loans.

https://www.google.com/amp/s/www.washingtonpost.com/local/trafficandcommuting/treasury-signs-letters-of-intent-with-five-airlines-for-loans-under-the-cares-act/2020/07/02/da59a92a-bc77-11ea-80b9-40ece9a701dc_story.html%3foutputType=amp

Anyone know if this impacts the company’s ability to furlough?

Not 100% sure, but they might only be able to furlough 10% of workforce if they take these loans? It’s hard to get a clear answer. Hopefully someone else can chime in.