(Bloomberg) — Airlines receiving $100 million or less in payroll assistance from the U.S. government won’t need to provide a financial stake in exchange, the Treasury Department said as it began sending offers to the beleaguered carriers.“This determination will provide significant support to workers and businesses across the country, while also appropriately compensating taxpayers,” Treasury Secretary Steven Mnuchin said in a statement on Friday evening.The agency said it had received 230 applications for aid from passenger carriers. It is working with 12 that would get more than $100 million and is discussing what sort of financial instruments it will require …read more
Source:: Yahoo Finance
