U.S. airlines to dash for cash grants, not loans, even with potential government stake

CHICAGO/WASHINGTON (Reuters) – U.S. airlines are preparing to tap the government for up to $25 billion in grants to cover payroll in a sharp travel downturn triggered by the coronavirus, even after the government warned it may take stakes in exchange for bailout funds, people familiar with the matter said. After the U.S. House of Representatives approves the airline bailout […]

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After Senate vote, massive U.S. coronavirus bill moves to the House

WASHINGTON (Reuters) – The U.S. Senate’s unanimous passage of a $2 trillion coronavirus relief bill sent the unprecedented economic legislation to the House of Representatives, whose Democratic leaders hope to pass it on Friday. The Republican-led Senate approved the massive bill – which would be the largest fiscal stimulus measure ever passed by Congress – by 96 votes to none […]

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U.S. lawmakers nearing deal for massive aviation sector bailout: sources

WASHINGTON/CHICAGO (Reuters) – U.S. lawmakers are nearing agreement on a $61 billion rescue package for the aviation sector that would include $25 billion in payroll grants for passenger airlines weathering a sharp falloff in travel demand amid rising coronavirus outbreaks, three people briefed on the matter said. The deal, which still needs final approval from lawmakers, is also expected to […]

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McConnell, Pelosi, Mnuchin see deal soon on $2 trillion U.S. coronavirus aid

WASHINGTON (Reuters) – Senior Democrats and Republicans said on Tuesday they were close to a deal on a $2 trillion coronavirus economic stimulus package, raising hopes that the divided U.S. Congress could soon act to try to limit the pandemic’s economic fallout. “At last, I believe, we’re on the five-yard line,” Senate Majority Leader Mitch McConnell said, using a football […]

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Coronavirus: Special flights to get Britons home as emergency travel loan offered

Special flights are being set up to get Britons stranded because of the coronavirus lockdown home, the foreign secretary has announced. Dominic Raab said Singapore had agreed to be the transit hub where people stuck in countries like Australia, New Zealand and Peru could fly through on their way back to the UK. He also assured travellers unable to afford […]

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