Lawmakers edge toward deal on $25 billion in coronavirus aid for airlines.
Lawmakers are nearing a deal on a massive stimulus package to counter the impact of coronavirus.
They are getting close to an agreement on some airline aid in the form of grants, a win for airlines.People walk through a sparse international departure terminal at John F. Kennedy Airport as concern over the coronavirus grows on March 7, 2020 in New York City.Lawmakers on Capitol Hill were close to a deal that would include $25 billion in grants for airlines struggling from the impact of coronavirus, a person briefed on the discussions said Tuesday.
The aid, part of a massive stimulus package to blunt the economic damage from the spreading coronavirus, would be a resounding victory for airlines, their lobbyists and the labor unions that argued loans alone would not be enough to preserve jobs. The aid would also include another sum of loans, the person said.U.S. passenger and cargo airlines have sought $58 billion in government aid, half of it in loans and the other half in cash grants.
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