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The Varying International Responses to Covid-19, and the U.S. Stimulus Package
After Hours
Are We Taking Risk as a Government in Extending These Loans?
Airlines asked for 60 billion dollars in assistance. 50% of it as loans and the other 50 % as paywoll grants. In exchange, there's a whole host of stipulations that now apply to any airline That decides to take the support. There will be no stock by backs. You cannot pay any dividends. Executive compensation is restricted to two thousand 19 levels. And you cannot lay off any on through september two thousand and 20. The restrictions are reminiscent of what we saw in tarp and what we did with the banks.
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