N380UA
19th Sep 2001, 09:48
WASHINGTON (CNN) -- The White
House and congressional leaders are
nearing agreement on a $15 billion
bailout for the airline industry, senior
administration officials and senior
congressional sources tell CNN……….
…….Between $2.5 billion and $5 billion in
direct cash payments to compensate the
airlines for revenue lost due to the
shutdown following the September 11
terrorist attacks;
………$12.5 billion in loan guarantees;
………A delay in quarterly tax payments to improve the airlines' short-term liquidity.
Will this be enough? How soon does that money be with the airlines before it is too late?
Will this money be any good to those who might get placed on furlough?
House and congressional leaders are
nearing agreement on a $15 billion
bailout for the airline industry, senior
administration officials and senior
congressional sources tell CNN……….
…….Between $2.5 billion and $5 billion in
direct cash payments to compensate the
airlines for revenue lost due to the
shutdown following the September 11
terrorist attacks;
………$12.5 billion in loan guarantees;
………A delay in quarterly tax payments to improve the airlines' short-term liquidity.
Will this be enough? How soon does that money be with the airlines before it is too late?
Will this money be any good to those who might get placed on furlough?