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Transcripts For RT Boom Bust 20240713

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 and the airlines had not come to an agreement on exactly how or under what conditions the airlines would receive that money now the 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
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Transcripts For RT Boom Bust 20240713

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
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Transcripts For RT Boom Bust 20240713

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 ....

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Transcripts For RT Boom Bust 20240713

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
New York , United States , Saudi Arabia , Kerry Stephen , Ben Swan , Rick Sanchez , Todd Horwitz , Todd Horowitz , Richard Wolfe , Vand Roku , Airline Industry , Treasury Department , Department Airlines , Airlines Come , Stephen Minucci , Alaska Airlines , Alaska Airlines Allegiant , Airlines Allegiant , Allegiant Airlines , Allegiant Airlines American Airlines , Airlines American , Airlines American Airlines , Airlines American Airlines Delta , American Airlines , American Airlines Delta , American Airlines Delta Airlines ,

Transcripts For RT Boom Bust 20240713

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
New York , United States , Saudi Arabia , Todd Horowitz , Todd Horwitz , Richard Wolfe , Vand Roku , Kerry Stephen , Ben Swan , Max Kaiser , Trump Administration , Airline Industry , Treasury Department , Department Airlines , Airlines Come , Stephen Minucci , Alaska Airlines , Alaska Airlines Allegiant , Airlines Allegiant , Allegiant Airlines , Allegiant Airlines American Airlines , Airlines American , Airlines American Airlines , Airlines American Airlines Delta , American Airlines , American Airlines Delta ,