Treasury Urges Airlines to Apply for Payroll Grants by Friday


WASHINGTON—The Treasury Department released new details Monday night on how it will award grants and loans for airlines affected by the coronavirus pandemic, and urged companies to submit some applications by Friday to begin receiving funds as soon as possible.

The aid was approved as part of a $2 trillion economic relief package Congress passed last week, which included $25 billion in grants, along with $25 billion in loans and loan guarantees for passenger airlines, $4 billion for cargo carriers and $17 billion for other…

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