Airlines Requesting $50 Billion in Grants, Loans, Tax Relief

Airlines Requesting $50 Billion in Grants, Loans, Tax Relief

CHICAGO (AP) – U.S. airlines are asking the federal government for grants, loans and tax relief which could easily top $50 billion to help them recover from a sharp downturn in travel due to the coronavirus pandemic.

Airlines for America, the trade group representing the carriers, posted its request for financial help on Monday asking for $29 billion in federal grants, with $25 billion for passenger airlines and $4 billion for cargo carriers.

The airlines are also seeking up to $29 billion in zero-interest loans or loan guarantees, and want federal excise taxes on fuel, cargo and airline tickets to be suspended through the end of next year.

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