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Aviation Industry CARES Act

King & Spalding

Industry-Focused American Rescue Plan Act Summary – Aviation

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On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP Act) into law, which provides approximately $1.9 trillion in financial assistance to individuals and industries impacted by COVID-19. The...more

Foley & Lardner LLP

Federal COVID Relief Bill passed by Congress - December 2020

Foley & Lardner LLP on

On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal. This relief bill provides much-needed stimulus to...more

Fox Rothschild LLP

COVID Relief. . . (at least some) . . . At Last!!

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The long awaited COVID-19 relief bill has finally arrived from Congress. Weighing in at an impressive 5,593 pages, it contains at least some of the assistance the aviation industry has been asking for since the summer. ...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, December 2020 # 2

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In Washington: Congress continues to debate a new coronavirus relief package, possibly as part of a government spending bill due December 11. Here are the latest developments...more

King & Spalding

The Airline Industry and the CARES Act: What Secured Lenders Need to Know

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Since its enactment, aviation related companies have received well over $50 billion in grants and loans under the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) that was passed in March 2020. But how do...more

Cozen O'Connor

New Guidance on Tax Holiday Suspension for Air Transportation Federal Excise Tax

Cozen O'Connor on

As previously reported, one of the benefits from the Coronavirus Aid, Relief, and Economic Security (CARES) Act was that the 7.5 percent air transportation federal excise tax (FET) that applies to commercial operations,...more

Cozen O'Connor

Airline Passengers’ Rights | Fake COVID-19 Cures | Unlicensed Debt Collection Agency Sued

Cozen O'Connor on

COVID-19- NAAG: Airline Industry Customers Deserve Stronger Consumer Protections- •The National Association of Attorneys General (“NAAG”) sent a letter to congressional leaders urging Congress to strengthen consumer...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Transportation, Ports, and Maritime Industries - Update #8

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – July 2020 #12

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In Washington - President Trump is demanding that Congress include a payroll tax cut as part of the next coronavirus stimulus package. The proposal has failed repeatedly to gain traction among both Democrats and...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Transportation, Ports, and Maritime Industries - Update #7

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Transportation, Ports, and Maritime Industries - Update #6

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

White & Case LLP

Coronavirus keeps aviation industry grounded - Few sectors have felt the impact of COVID-19 as deeply as aviation, and airlines...

White & Case LLP on

Coronavirus lockdowns have taken a heavy toll on the financial performance and stability of global airlines and their suppliers. According to aviation tracking site FlightRadar, the number of global passenger flights has...more

Holland & Knight LLP

IRS Provides Guidance with FAQs on Federal Excise Tax Suspension Reporting

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The Internal Revenue Service (IRS) has released a series of frequently asked questions (FAQs) regarding the federal excise tax (FET) holiday for commercial aviation operations created by the Coronavirus Aid, Relief, and...more

Holland & Knight LLP

NBAA Article, Webinar Address CARES Act and Its Impact on Business Aviation

Holland & Knight LLP on

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) suspended federal excise taxes (FET) for commercial aviation operations until Dec. 31, 2020. A National Business Aviation Association (NBAA) article, "What...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – May 2020 #5

Hogan Lovells on

In Washington: Vice President Mike Pence’s press secretary, Katie Miller, has tested positive for coronavirus.  This is the second case of White House staff testing positive since yesterday.  Miller is married to White House...more

K&L Gates LLP

COVID-19: Planning for Wave of CARES Act Enforcement for Aviation Industry

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As detailed in prior alerts, the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES Act” or the “Act”) provides, among other things, financial assistance to the aviation industry through payroll support...more

Bilzin Sumberg

The Airline Industry Got Its Bailout, but What About the Passengers?

Bilzin Sumberg on

The Coronavirus Aid, Relief and Economic Security (CARES Act) was signed into law March 27.  The $2 trillion stimulus package includes up to $50 billion in funding for U.S. passenger airlines. The aid safeguards many airline...more

Cranfill Sumner LLP

Aviation Law Update

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FAA and FARs - Importantly, the FAA has confirmed to aviation industry professional organizations that it is not considering closing domestic airspace. While the Coronavirus required temporary shut downs of ATC facilities,...more

Mintz - Public Finance Viewpoints

The Coronavirus Aid, Relief, and Economic Security Act: Assistance Available to Passenger Airlines and Airports

On March 27, 2020, President Trump signed into law the “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Act”), a $2+ trillion stimulus package intended to ease the economic and social disruptions facing the...more

Pillsbury Winthrop Shaw Pittman LLP

Airline Stimulus Plans in the U.S. and Europe in Response to the COVID-19 Pandemic

CARES Act includes $61 billion relief package for U.S. airlines, consisting of grants to passenger airlines, loans to passenger airlines, grants to cargo airlines, loans to cargo airlines and aid to airline contractors. UK...more

White & Case LLP

CARES Act: Considerations for Lessors and Lenders in Asia-Pacific

White & Case LLP on

The aviation industry has been on the front line of the COVID-19 crisis since it started in Asia-Pacific earlier this year. The development of the crisis into a full-blown pandemic has caused the economic impact to escalate...more

Pillsbury Winthrop Shaw Pittman LLP

New $500 Billion Treasury Loan Programs Under the CARES Act Provide COVID-19 Relief for Private Sector Business

The CARES Act appropriates $500 billion in U.S. Department of Treasury loans and loan guarantees for mid-sized and large businesses, states and municipalities, in addition to the $350 billion it appropriates for small...more

A&O Shearman

Covid-19 coronavirus: opportunities for financial relief in the aviation industry under the CARES Act

A&O Shearman on

This note summarizes the provisions of the CARES Act that address financial assistance for the U.S. aviation industry in the wake of the Covid-19 coronavirus. Background - On March 27, 2020 President Trump signed into...more

Holland & Knight LLP

COVID-19 Upends the Air Transport Market: Overview of Aviation Provisions in the CARES Act and Other Federal Responses

Holland & Knight LLP on

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

White & Case LLP

CARES Act Update: Our insights in the first week since enactment

White & Case LLP on

On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The new law provides for $2.2 trillion in emergency aid to ease the financial impact of the COVID-19...more

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