U.S. House COVID-19 aid proposal gives airlines some hope for deal this week – Reuters India

CHICAGO/WASHINGTON (Reuters) – A $2.2 trillion draft bill for coronavirus aid unveiled by Democrats in the U.S. House of Representatives late on Monday gave airlines some hope for a second bailout before tens of thousands of layoffs occur on Thursday, although tough hurdles remained.FILE PHOTO: American airlines jets made by Embraer and other manufacturers sit…

U.S. House COVID-19 aid proposal gives airlines some hope for deal this week – Reuters India

CHICAGO/WASHINGTON (Reuters) – A $2.2 trillion draft bill for coronavirus aid unveiled by Democrats in the U.S. House of Representatives late on Monday gave airlines some hope for a second bailout before tens of thousands of layoffs occur on Thursday, although tough hurdles remained.FILE PHOTO: American airlines jets made by Embraer and other manufacturers sit at gates at Washington’s Reagan National airport as the novel coronavirus (COVID-19) pandemic continues to keep airline travel at minimal levels and the U.S. economy contracts in the first quarter at its sharpest pace since the Great Recession, in Washington, U.S. April 29, 2020. REUTERS/Kevin Lamarque/“I’m hopeful. I’m not necessarily optimistic,” Chief Executive Nicholas Calio of trade group Airlines for America told “PBS NewsHour” in an interview.Washington insiders said passage by Thursday, when an initial $25 billion that protected airline jobs through September ex
Read More From Publisher