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HAI welcomes U.S. legislation providing Covid-19 relief HAI Press Release | December 23, 2020
Estimated reading time 2 minutes, 38 seconds.
Helicopter Association International (HAI) has issued a statement welcoming passage of a $900 billion pandemic aid package that would provide relief to the aviation industry. Legislators attached the financial assistance agreement to H.R. 133, the Consolidated Appropriations Act of 2021, a $1.4 trillion omnibus package which passed in both chambers on Monday evening.
The relief package includes $325 billion for small businesses, including $284 billion for the Paycheck Protection Program (PPP) and $20 billion for an Economic Injury Disaster Loan (EIDL) program. Several significant reforms were made to PPP, including eligibility for a second forgivable loan, and forgivable expenses are expanded to include supplier costs and investments in facility modifications and personal protective equipment to operate safely. Additionally, business