U.S. President Donald Trump holds a coronavirus disease (COVID-19) pandemic briefing in the Brady Press Briefing Room of the White House in Washington, August 5, 2020.
Joshua Roberts | Reuters
President Donald Trump on Wednesday said he would support a plan to provide additional federal aid to U.S. airlines , which have been devastated by the coronavirus pandemic.
Bipartisan support is gaining steam for the additional aid to one of the sectors hardest hit by the coronavirus pandemic. More than a dozen Republican senators earlier Wednesday backed a proposal to provide another $25 billion to U.S. carriers to support their payroll while travel demand remains limited because of the virus, causing mounting financial losses. The new proposal already has backing from the majority of the House.
“I think it’s very important that we keep the airlines going,” Trump said in a briefing when asked whether he supported the proposal for the additional aid. “We don’t want to lose our airlines. If they’re looking at that whether they’re Republican or Democrat I’d be certainly in favor. We can’t lose our transportation system.”
Congress set aside $25 billion to U.S. passenger carriers in the $2.2 trillion CARES Act in March on the condition that they wouldn’t cut jobs through Sept. 30. The new proposal would extend those protections through the end of March 2021.
This is breaking news. Please check back for updates.