Senate GOP coronavirus bill aides U.S. transit, airports but loans not cash for airlines

A Senate Republican coronavirus stimulus package would provide financial aid to ...

WASHINGTON/CHICAGO - A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan not a cash payout, according to a copy of the proposal seen by Reuters.

Amtrak has slashed service, while airports say they will lose at least $13.9 billion in 2020 and warn they could default on bond obligations. A spokeswoman for Airlines for America, a trade group representing major U.S. passenger and cargo carriers, said on Sunday that “direct financial assistance is needed immediately – other forms of liquidity are rapidly evaporating.”

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