Airlines Seeking Federal Payroll Aid Must Wait Another Week
- Treasury Department is deciding how to distribute $29 billion
- Some carriers need funds to cover upcoming payroll obligations
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U.S. airlines battered by the coronavirus pandemic are now being told they’ll have to wait at least another week for help covering payrolls as the U.S. Treasury Department makes its way through applications.
Treasury officials informed at least some of the carriers Thursday that it won’t provide funds until negotiations over conditions for the grants are complete, and there will be no advance payments, said people familiar with the matter who asked not to be named because the talks are private. The agency thinks it should complete some applications by the end of next week, they said.