US airlines desperate for cash but fear government involvement

AFP

2020/04/09 | 588 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
US airlines desperate for cash but fear government involvement © Le Journal de l'Aviation - All rights reserved

US airlines have been all but paralyzed by the coronavirus, and as they face an uncertain future they have turned to Washington for financial help, but that might mean ceding part of their companies to the federal government.Industry sources say a behind-the-scenes tug of war has begun between airline executives and the US Treasury, which is in charge of distributing the $2.2 trillion stimulus package signed by President Donald Trump into law late last month that includes $50 billion specifi...(…)

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