News & Analysis as of

Aviation Industry Financial Stimulus

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

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - October 2020 #3

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The Select Subcommittee on the Coronavirus Crisis released a staff report on the Payroll Support Program, which Congress created to “preserve aviation jobs” by providing payroll assistance to companies in exchange for keeping...more

Cozen O'Connor

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

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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

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – July 2020 #15

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In Washington - FEMA administrator Peter Gaynor cautiously told the House Homeland Security Committee yesterday that personal protective equipment (PPE) distribution in the U.S. is “healthy” but admitted that the agency...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

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – May 2020 #11

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In Washington: On Friday, the House passed a $3 trillion coronavirus relief bill, “The HEROES Act” (H. R. 6800) with a vote of 208-199.   The legislation included aid for local governments and additional direct payments...more

Bilzin Sumberg

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

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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

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

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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

Foley & Lardner LLP

CARES Act – Aviation Industry Loan and Grants

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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

K&L Gates LLP

COVID-19: Air Carrier Worker Support Under the CARES Act

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Last Friday, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES Act”), which will provide, among other things, financial assistance directed towards the continued...more

Vedder Price

Coronavirus Aviation Industry Relief Legislation

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On March 27, 2020, the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” (the “Act”) was signed into law. This bulletin focuses on those aspects of the Act that address aviation industry relief,...more

Cozen O'Connor

DOT to Impose Minimum Air Service Obligations For U.S. Carriers Receiving CARES Act Financial Assistance

Cozen O'Connor on

The U.S. Department of Transportation (DOT) has issued an order proposing parameters for implementing authority granted to the Secretary of Transportation under the Coronavirus Aid, Recovery, and Economic Security Act (the...more

Vedder Price

Business Considerations: CARES Act Corporate Governance, Compensation and Employee-Related Obligations

Vedder Price on

On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act or CARES Act (the “Act”). Subtitle A of Title IV of the Act, the “Coronavirus Economic Stabilization Act of 2020, creates...more

White & Case LLP

Help on the horizon: Aviation and the new CARES Act - Unprecedented aid is available for US aviation industry participants...

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US passenger airlines, cargo air carriers, aviation repair facilities and certain other aviation industry participants severely affected by the COVID-19 pandemic can take advantage of the unprecedented aid available under...more

Akin Gump Strauss Hauer & Feld LLP

CARES Act Summary – Transportation

Transportation Provisions - The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes funding and financing for airlines and aviation businesses as well as grants for airports, public transit and Amtrak. The...more

Hogan Lovells

How is the UAS Industry Experiencing the COVID-19 Crisis?

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When Hurricane Maria struck Puerto Rico in September, 2017, it destroyed 90 percent of the cell sites on the island; knocking out most communication with the outside world and significantly hampering relief effort. ...more

K&L Gates LLP

COVID-19: UPDATED The Promise of the “CARES Act” on the Airline Industry

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The novel coronavirus (“COVID-19”) has devastated air travel demand, forcing thousands of cancellations. U.S. airlines have been slashing their schedules, waiving change/cancellation fees, and sanitizing aircrafts as...more

McCarter & English, LLP

Transportation Carriers Receive Funding To Continue Service Under CARES Act

Title IV of the CARES Act addressed certain issues involving air carriers. Section 4006 mandates that the Secretary of Transportation require, to the extent reasonably practicable, that air carriers maintain scheduled air...more

Katten Muchin Rosenman LLP

COVID-19 Update: US Senate Passes $61 Billion Relief Package for Aviation Industry

On Wednesday, March 25, the United States Senate passed by unanimous vote the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The Cares Act marks the third round of economic stimulus in response to the outbreak...more

Fox Rothschild LLP

Understanding The Senate’s $2.2 Trillion Stimulus Bill

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In response to the unprecedented economic disruption caused by the COVID-19 pandemic, the United States Senate has passed a massive $2.2 trillion fiscal stimulus bill — known as the Coronavirus Aid, Relief, and Economic...more

Seyfarth Shaw LLP

The CARES Act Provides A Measure of Relief to Air and Rail

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Seyfarth Synopsis: After extensive negotiations, Wednesday night the Senate passed a massive COVID-19 relief package.  This post provides the highlights of the bill’s impact on air carriers and railroads....more

Katten Muchin Rosenman LLP

COVID-19 Update: US Senate Republicans Offer Airline Relief Package

On Thursday, March 19, Senate Republicans released a proposal for $58 billion in emergency financial relief for US airlines. The relief measures would form part of the Coronavirus Aid, Relief, and Economic Security Act and is...more

Robins Kaplan LLP

Financial Daily Dose 3.13.2020 | Top Story: COVID-19 Fears Push Wall Street to Worst Losses Since Black Monday

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It’s been a week or so, and we’re running out of ways to say that this is bad. But it certainly is. Your bear market stats for the day: the biggest daily drop by percentage for both the S&P 500 and the Dow Jones Industrial...more

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