Airline Industry to Receive $25 Billion Bailout
As was reported last week, the federal government reached an agreement with carrier airlines that will provide much needed funds that will aid the collapsing industry. Similar to the CARES Act, these funds come with strings attached, including caps on executive compensation and restrictions on buybacks and dividends, which will have negative effects on the attractiveness of these entities from both an investor and human capital standpoint. See the article below for more information, and don’t hesitate to reach out if you have questions!
Crippled Airlines to Receive $25 Billion Bailout, Part of It as Loans
