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Senate GOP Coronavirus Bill Has Some Good Provisions but Needs Serious Work

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The new stimulus includes $15 billion for airlines to bring back furloughed workers but their jobs may only last a few months

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The new stimulus includes $15 billion for airlines to bring back furloughed workers but their jobs may only last a few months
The new stimulus includes $15 billion for airlines to bring back furloughed workers but their jobs may only last a few months
Thomas PalliniDec 29, 2020, 04:04 IST
Alaska Airlines, American Airlines, and Delta Air Lines aircraft at Los Angeles International Airport.Philip Pilosian/Shutterstock.com
The new COVID-19 stimulus package signed by President Donald Trump includes $15 billion for airlines.
Workers furloughed from October 1, 2020, will be recalled and given back pay from December 1, 2020.
Executive compensation and stock buybacks are also limited and air connectivity will be restored to cities that lost their airlines. ....

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What the new COVID-19 stimulus means for airlines; $15 billion in aid

Here s what airlines can expect in the new stimulus package.
The terms and conditions
Any airline employee furloughed between October 1, 2020, and the time an agreement is reached between the airline and the US government for payroll support will be recalled. October 1 saw the expiration of the employment clauses of the CARES Act and triggered large-scale furloughs and air route reductions.
If an airline didn t participate in the March stimulus but now wants to apply for funds, they ll have to recall furloughed workers who were stood down from March 27, 2020, onward.
Airlines also cannot furlough workers or cut pay and benefits until March 31, 2021, if receiving aid. Recalled workers will be given back pay from December 1, 2020, minus any furlough, severance, or leave pay they might have received. ....

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