The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
6/11/2020 Treasury Finalizes Agreements with Major Airlines, Disburses Initial Payroll Support Program Payments | U.S. Department of the Treasury Treasury Finalizes Agreements with Major Airlines, Disburses Initial Payroll Support Program Payments April 20, 2020 WASHINGTON – Today the U.S. Department of the Treasury concluded Payroll Support Program agreements with Allegiant Air, American Airlines, Delta Air Lines, Southwest Airlines, Spirit Airlines, and United Airlines. Alaska Airlines, Fron er Airlines, Hawaiian Airlines, JetBlue Airways, and SkyWest Airlines have also indicated that they plan to par cipate in the Payroll Support Program. Together, these airlines represent nearly 95 percent of U.S. airline capacity. The agreements will support airline workers and help safeguard the strategically important avia on industry, while ensuring that taxpayers are appropriately compensated. Treasury also made the first Payroll Support Program payments to passenger air carriers today, disbursing a total of $2.9 billion in ini al payments to approved applicants, including two major airlines and 54 smaller passenger air carriers. Treasury will make addi onal payments to approved applicants on a rolling basis, including to the major airlines that concluded Payroll Support Program agreements today. All funds provided under the program can be used only for the con nua on of payment of employee wages, salaries, and benefits. “The Payroll Support Program is cri cal to suppor ng American workers and preserving our airline industry, which is a vital part of the U.S. economy,” said Secretary Mnuchin. “We con nue to work quickly to deliver this needed relief.” The Payroll Support Program, which was created under Division A, Title IV, Sub tle B of the CARES Act, provides payroll support for American workers employed by passenger air carriers, cargo air carriers, and related contractors. Treasury has received hundreds of applica ons for the Payroll https://home.treasury.gov/news/press-releases/treasury-finalizes-agreements-with-major-airlines-disburses-initial-payroll-support-program-payments 1/2 6/11/2020 Treasury Finalizes Agreements with Major Airlines, Disburses Initial Payroll Support Program Payments | U.S. Department of the Treasury Support Program from passenger air carriers, cargo air carriers, and contractors, and is working to review and approve applica ons as quickly as possible. #### https://home.treasury.gov/news/press-releases/treasury-finalizes-agreements-with-major-airlines-disburses-initial-payroll-support-program-payments 2/2
@FedFRASER