In Washington: President Biden on Tuesday began what is expected to be a weeks-long sales pitch to tout the new coronavirus relief package. Biden visited Smith Flooring in Chester, Pennsylvania, a small business that received...more
On March 11, 2021, the American Rescue Plan Act of 2021 (the Rescue Plan Act) was signed into law, providing much-needed relief to keep employees on airline payrolls. The Act provides “eligible air carriers” with $14 billion...more
In Washington: House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin were unable to come to an agreement on a coronavirus relief deal after meeting Wednesday afternoon. The Speaker says the House will...more
In Washington: House Democrats unveiled the text of their massive $3 trillion “Phase 4” coronavirus stimulus package. H.R. 6800, the “Health and Economic Recovery Omnibus Emergency Solutions Act” or the “The Heroes Act.” ...more
On March 27, 2020, Congress finalized and the president signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provides significant stimulus to the various transportation sectors of the economy. The...more
On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) (H.R. 748). In this blog post we (1) lay out an initial action plan for employers considering...more
...On Monday, House Speaker Nancy Pelosi, Majority Whip James Clyburn, Transportation & Infrastructure Committee Chairman Peter DeFazio, and Energy & Commerce Committee Chairman Frank Pallone held a press conference on a...more
The COVID-19 pandemic has had a vast and severe impact on the U.S. economy, and the U.S. air transportation industry has been brought almost to a standstill. While the executive branch moved quickly to address immediate...more
The new CARES Act provides Treasury with the authority to make loans, guarantees and other investments, and provide grants for payroll assistance to the aviation industry. On March 30, 2020, the Treasury released guidelines...more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) involves the injection of $2 trillion into the U.S. economy in an attempt to provide relief to various sectors of the U.S. economy. Of that amount, more than...more
On March 25, the Senate passed a stimulus bill, called the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. This is an expansion of the bill introduced by Senate Majority Leader Mitch McConnell last Thursday....more
The U.S. Federal Aviation Administration (FAA) has announced that U.S. and foreign carriers that cancel or reduce service at U.S. slot-controlled airports will not forfeit their slots. U.S. slot-controlled airports include...more