U.S. Senate bill to grant airlines bailout to weather coronavirus
Wednesday, 25 March 2020 () The U.S. Senate will vote on Wednesday to give the U.S. aviation industry $58 billion in aid, half in the form of grants to cover some 750,000 employees' paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history.
The federal government is set to give a bailout to industries hardest hit by the coronavirus pandemic, from airlines to tourism.
A bailout is not strictly free money from the government, and could come in the form of loans or grants with limitations.
Business Insider explained the details of the...
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