WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the Payroll Support Program for passenger air carriers:
“We welcome the news that a number of major airlines intend to participate in the Payroll Support Program. This is an important CARES Act program that will support American workers and help preserve the strategic importance of the airline industry while allowing for appropriate compensation to the taxpayers.
“Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines, and Southwest Airlines have told us that they plan to participate in the Payroll Support Program. Conversations continue with other airlines regarding their potential participation. Treasury is also working to review and approve applications for smaller passenger air carriers as quickly as possible and will provide further guidance for cargo carriers and contractors very soon. We look forward to working with the airlines to finalize the necessary agreements and disburse funds as quickly as possible.”
####
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement supporting an…
Washington, D.C.— The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the…
As Prepared for DeliveryI. IntroductionThank you to everyone for being here. It’s good to be…
Federal bank regulatory agencies today released a guide to support community banks in managing risks…
WASHINGTON – From May 6th to May 9th, Under Secretary of the Treasury for Terrorism…
As Prepared for DeliveryI. IntroductionGood afternoon. Thank you to the McCain Institute for the invitation…