Congress Passes 3rd Coronavirus Relief Package
Both houses of the US Congress have passed the third Coronavirus relief package for the aviation transport industry. This package will grant airlines $14 billion for payroll support while the pandemic is still happening. The funds will be included in the COVID-19 relief bill proposed by President Joe Biden, whose initial plan did not include new money for airlines.
The relief package will keep airlines from having to furlough or lay off workers through September 30, 2021. This extra time will allow airlines to continue recovering from the financial losses they suffered in 2020, as well as vaccinate all of the airline staff.
The relief package has gotten positive and hopeful feedback from airline industry workers nationwide.
“Thanks to the American Rescue Plan Act of 2021, our airlines will be well-positioned to continue global vaccine distribution and drive economic recovery as the COVID-19 pandemic recedes,” Allied Pilots Association’s President, Captain Eric Ferguson said.
The relief package is the third one to have come to airlines since the pandemic began. The first round of airline relief came in March of last year when airlines received $25 billion in direct grants under the PSP. Airlines could access parts of the $25 billion allocated under loans and loan guarantees. Following
the same pattern this year, the first round of support precluded airlines from performing involuntary layoffs through September 30th, 2020.
“By investing in the airline industry’s future, Congress is making a vital investment in our nation’s future,” Ferguson said.
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