Investing.com investing.com 20 Dec, 2020 22:15 am

U.S. lawmakers set to back $15 billion in airline payroll assistance By Reuters

U.S. lawmakers set to back $15 billion in airline payroll assistance By Reuters
U.S. lawmakers set to back $15 billion in airline payroll assistance

airlines $15 billion in new payroll assistance that will allow them to return more than 32,000 furloughed workers to their payrolls through March 31, sources briefed on the matter told Reuters.airlines furloughed more than 32,000 workers in October, after a six-month $25 billion bailout measure expired on Sept.In October, American Airlines (NASDAQ: AAL ) furloughed 19,000 employees, while United Airlines furloughed more than 13,000.The legislative plan to provide about $900 billion in COVID-19 relief and fund the government is also expected to include $1 billion to passenger railroad Amtrak, $14 billion for public transit systems and $10 billion for state highways, the sources said.

It is also expected to include significant changes to how the Federal Aviation Administration certifies new airplanes following two fatal Boeing (NYSE: BA ) Co 737 MAX crashes that killed 346 people.It is also expected to include minimum flight requirements.

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