…generate between $8.6 million and $14.3 million in direct funding to the authority after rebates paid on beverages sold at the airport, according to a statement from RDU. The deal was approved at the same meeting where the authority board received an update on the airport’s CARES Act funding from…
This week, U.S. Secretary of Transportation Elaine Chao announced that relief funds from the CARES Act, which was passed earlier this month by Congress and provides $10 billion in emergency aid to airports, would begin dispensing for immediate use by airports. “This $10 billion in emergency resources will help fund…
The U.S. Travel Association called for additional relief and corrections to some of the provisions of the CARES Act in an effort to protect the15.8 million Americans whose livelihoods depend on travel against the impact of the COVID-19 pandemic. The trade group called on Congress to add $600 billion to…
…American aviation for the Steer Group, and James Burnley, former U.S. Secretary of Transportation and a partner at Venable law firm. The panelists discussed the $25 billion in grants and $25 billion in loans provided to U.S. carriers under the recently passed CARES Act. The aid is conditional on airlines…
…has translated into the layoff of hundreds of contract workers at MIA,” according to the document, adding that the hope is that such relief “would serve as a bridge of hope until the negative effects of COVID-19 subside and federal funds are made available by way of the CARES Act.”…
