Some Airlines Aren’t Happy With the Terms of Mnuchin’s Aid
- Airlines attempting to negotiate terms of virus bailout plan
- Flight attendants union says Treasury stealing from workers
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Treasury Secretary Steven Mnuchin’s insistence that America’s major airlines partially repay taxpayer funds aimed at shoring up the industry has set up a clash between the Trump administration and the carriers.
At least some of the large carriers are unhappy with the terms -- specifically, that large airlines repay 30% of any grant within five years -- and are seeking to negotiate with the Treasury Department, said a person familiar with the discussions.