The CARES work authorized Treasury to present around $46 billion in financing to air companies also aviation companies afflicted with the COVID-19 pandemic. The loan system have 267 programs and given 35 financing worth $21.9 billion.
Treasury prioritized software from biggest passenger airlines—awarding 7 financial loans for about $20.8 billion. Many software comprise from modest carriers, solution agents, alongside businesses. These grabbed longer to techniques and triggered relatively few financial loans.
We advise connecting sharper plans and timelines for future applications.
Exactly What GAO Found
The CARES work approved doing $46 billion when it comes to office associated with Treasury (Treasury) which will make financing to aviation as well as other eligible organizations afflicted by the COVID-19 pandemic. In the 267 applications submitted to the mortgage program, 35 debts providing $21.9 billion in support are accomplished. Читать далее “Financial Assistance: training discovered from CARES Act mortgage plan for Aviation and Other suitable Businesses”