Percent they say of the grants that the airlines would get would actually benefit taxpayers get this they say in the form of payroll and income tax receipts that doesnt make any sense at all they dont loan someone money if they can pay it back to you and then say thats a benefit to me because they were going to give some of the back and form of taxes thats thats crazy and so essentially what theyve done is are saying 30 percent of it youre going to repay back at some point but i got to tell you this stinks this whole thing 25000000000. 00 going directly to airlines to build them out when in the past we know this that American Airlines and Delta Airlines so Many Airlines have gone into bankruptcy in the past it doesnt mean that those airlines shut down they re emerge from bankruptcy it does not mean the end of the Airline Industry which is what so many in the media are telling us now what are the most interesting portions of this deal is that it does seem to include some ownership stake
Now conversations continue with airlines regarding their potential participation no thats of course what. Joining us now to discuss is boom bust cohost and investigative journalist ben swan ben thank you so much for joining us today you know yesterday when we saw the reports of this all coming out it was interesting to see how it was written as the airlines have accepted this bailout theyve theyve done a gracious moment and accepted it but im going to start with the issue of repayment so so far we know that about 30 percent of these bailout funds will be in loans and the other 70 percent will be in grants why exactly is that. Thats where the acceptance part of this story comes from because the airlines didnt want to have 70 percent of these come in the form of grants and 30 percent in the form of loans they wanted 100 percent of them to be grants we dont have to pay any of this back because were so important to america and to the economy of course they didnt get that deal so thats why
A bailout package in the billions included in the 2 trillion dollars stimulus package signed on march 27th was about 25000000000 dollars for the Airline Industry but until now the Treasury Department in the airlines had not come to an agreement on exactly how or under what conditions the airlines would receive that money now they greenman which came together late tuesday includes warrants that could lead to the federal government owning equity stakes in the companies and requirements that 30 percent of the assistance would have to be paid back now according to treasury secretary Kerry Stephen minucci and the airlines that will receive the funding include Alaska Airlines Allegiant Airlines American Airlines Delta Airlines Frontier Airlines Hawaiian Airlines jet blue united sky west and Southwest Airlines now conversations continue with airlines regarding their potential participation now thats of course what. Joining us now to discuss this boom bust cohost and investigative journalist p
A huge agreement has been reached between the Trump Administration and u. S. Airlines for a bailout package in the billions included in the 2 trillion dollars stimulus package signed on march 27th was about 25000000000 dollars for the Airline Industry but until now the Treasury Department in the airlines had not come to an agreement on exactly how or under what conditions the airlines would receive that money now they greenman which came together late tuesday includes warrants that could lead to the federal government owning equity stakes in the companies and requirements that 30 percent of the assistance would have to be paid back now according to treasury secretary Kerry Stephen minucci and the airlines that will receive the funding include Alaska Airlines Allegiant Airlines American Airlines Delta Airlines Frontier Airlines Hawaiian Airlines jet blue united sky west and Southwest Airlines now conversations continue with airlines regarding their. Potential participation no thats of c
Sacramento where the governor is expected to make a big announcement on homelessness. Lets listen in. Planes flew them to illinois. One into new jersey, new york area to provide 100 ventilators for the needs of the state of illinois. Those in new jersey, another 100 in the state of new york. Those same men and women, Different Group with in the National Guard ranks, now are deploying additional ventilators in delaware and dc. In maryland and driving as we speak, driving into nevada. 50 ventilators for each of those states. I just want to thank them in particular because the National Guard have provided to do heroic work in n the food banks throughout the state of california and in addition to that, we have 100 of them that just went out on the lines to prepare for this winter, rather this summers fire season that is close upon us. They are doing Vegetation Management for us, management and so i cannot express enough my graduate, my respect, my appreciation to our National Guard. Also w