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Some airlines are increasingly resigned to the terms, which would require 30% of the funds -- roughly based on six months of each carrier’s payroll -- to be repaid and give the government warrants equal to 10% of the loan amount, the officials said, noting that agreements could be reached within the coming days.(Unsplash)

U.S. government holding firm on airline aid plan, could end up with 3% of American Airlines

Reuters | By HT Correspondent
PUBLISHED ON APR 14, 2020 02:58 PM IST
The U.S. Treasury Department is holding firm on the terms of a $25 billion offer for government aid to airlines to help them meet payroll during the coronavirus downturn, officials said on Monday, and the plan could give the government more than 3% of American Airlines Group Inc.
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