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Exclusive: Major U.S. airlines plan to apply for government loans in addition to grants: sources

Byindianadmin

Apr 16, 2020 #addition, #grants
Exclusive: Major U.S. airlines plan to apply for government loans in addition to grants: sources

FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage/File Photo

(Reuters) – Numerous major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said.

The U.S. Treasury told airlines to apply by Friday if they want priority consideration, according to documents posted on its website.

An airline official told Reuters most airlines are expected to apply in part because they will not be required to draw d

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