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U.S. Treasury says it has closed loans to seven major airlines - Reuters

U.S. Treasury says it has closed loans to seven major airlines - Reuters

U.S. Treasury says it has closed loans to seven major airlines - Reuters
Sep 30, 2020 32 secs

Treasury said on Tuesday it had closed loans to seven large airlines hit hard by the coronavirus pandemic and urged Congress to save tens of thousands of airline jobs by extending billions in payroll assistance.

The Treasury said in a statement the seven carriers were Alaska Airlines, American Airlines, Frontier Airlines, JetBlue Airways Corp , Hawaiian Airlines, SkyWest Airlines and United Airlines.

Nick Calio, who heads the airline trade group Airlines for America, said Tuesday that carriers “remain hopeful that Congress will act quickly to save these jobs before the Sept.

American Airlines said Friday it secured a $5.5 billion Treasury loan and could tap up to $2 billion more in October.

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