American Airlines applies for U.S. payroll assistance grants
Reuters
Published Apr 03, 2020 03:36PM ET
WASHINGTON (Reuters) - American Airlines, the largest U.S. airline, confirmed Friday it has applied to the U.S. Treasury for a chunk of the $25 billion payroll assistance grants approved by Congress last week.
American (O:AAL) did not say how much it sought or what financial instruments it has proposed in compensation for taxpayers. The airline said earlier it expected to be eligible for $12 billion in loans and grants from the $50 billion that Congress has set aside for airline assistance. The U.S. Treasury asked airlines to apply for grants by 5 p.m. EDT Friday.
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Written By: Reuters
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