CORONAVIRUS RELIEF PACKAGE OFFERS AIR CARGO A SAFETY NET

摘要

On March 27, U.S. President Donald Trump signed intolaw the massive, $2 trillion Coronavirus Aid, Relief, andEconomic Security (CARES) Act, under which U.S. airlinesand other cargo operators will be eligible to receive billionsin loans and — if they are willing to grant an equity share tothe U.S. government — direct cash assistance.The bill allocates $25 billion in financial guarantees forpassenger carriers, which in today’s environment of falteringdemand for air travel is seen as necessary for survival.Cargo carriers, meanwhile, laud the $4 billion set aside fortheir corner of aviation, not for an immediate need, but asa lifeline that could protect the air cargo supply chain if themarket deteriorates.