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President Trump said the government will help the aviation industry at a press conference.
The CEOs of American Airlines, United Airlines and JetBlue Airways, as well as the CEOs of the major aviation unions held a press conference on Capitol Hill on Tuesday afternoon as part of the final effort, which will pass $25 billion. The salary support plan granted was extended by six months as early as March and received bailout from Congress.
American Airlines CEO Doug Parker emphasized that in the next eight days, the entire industry will have a wave of vacations, and the federal government will not provide a new round of funding.
Parker added: “With all the support, if this happens, it will be a very, very terrifying incident.” “But if this work cannot be completed by October 1, I mean, if there is no With absolute certainty, that will happen in the near future.”
Co-CEO Scott Kirby pointed out that helping the aviation industry will not only benefit airline employees, but will also enable the United States to fully recover from the coronavirus pandemic.
“The reality is that we need to do more to keep these professionals employed and to maintain their support for the economy, because this involves not only thousands of people at work risk. This is important, but it also involves indirect Work. The support of all of them.” Kirby said. “We are the key gear of the economy. We play a multiplier effect and we will eventually defeat this virus. When there is a vaccine and the economy is ready to return to normal, we need these aviation professionals here to support a strong rebound in the entire economy .”
In addition, Jet Blue CEO Robin Hayes argued that Americans did their job during the pandemic to keep the aviation industry running, and it’s time for Congress to do its own thing.
Hayes said: “We have 23,000 JetBlue staff who have done their work.” “We have all these excellent, essential staff, and other airlines in the United States who have done their work. I repeat, Please Congress. We need you to do your work, and we need you to do it now.”
Airlines can still obtain loans from the government. In July of this year, the U.S. Treasury Department signed a letter of intent with 10 major airlines to provide loans by September 30.
So far, American Airlines and United Airlines have indicated that both companies intend to accept loans. According to reports, these loans will limit airline stock repurchases and executive compensation.
Capitol Hill Member Roger Wicker (R. Wicker) and Senator Susan Collins (R-Maine) introduced a bill to protect workers’ work until March 31 to ensure continued provision for the community Air services throughout the country.
“Following the dramatic reduction in air travel caused by the CAVID-19 pandemic, the CARES Act has successfully saved thousands of jobs supporting the aviation industry and provided these companies with breathing space,” Wicker said in a report on earlier bills in Congress. The statement said, “However, the market has not improved as we hoped, so additional relief is needed.”
Wicker is the chairman of the business committee responsible for overseeing the aviation industry, while Collins leads the transportation funding subcommittee.
American Airlines, which represents major U.S. airlines, said that passenger numbers are still down by about 70%, a third of the U.S. fleet is idle, and the industry continues to lose $5 billion in cash every month.
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The material may not be published, broadcast, adapted or redistributed. ©2020 FOX News Network Limited. all rights reserved. FAQ-updated privacy policy
Post time: Sep-29-2020
