FAA says US airports will get $8 billion in pandemic relief
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 22/06/2021 (1583 days ago), so information in it may no longer be current.
WASHINGTON (AP) — Airports around the country will share $8 billion in federal grants to help them recover from the pandemic, which caused a steep drop in air travel and a loss of revenue that airports expect from airlines and passengers.
Most of the money will go to big airports with commercial airline service. They will share $6.5 billion based on the number of passenger boardings, plus another $800 million to offer rent relief to companies that operate concessions such as food and retail outlets in terminals.
Airports must keep at least 90% of the workers they had before the pandemic to receive one of the grants, which will handled by the Federal Aviation Administration.
Congress approved the money as part of a pandemic-relief measure that President Joe Biden signed in March. The Biden administration said the grants would protect airport jobs and construction projects as travel recovers.
The FAA said several hundred airports will get grant money, including $175.7 million for Seattle-Tacoma International, $115 million for Philadelphia International, $74.3 million for Daniel K. Inouye International in Honolulu, $56.2 million for St. Louis Lambert International, and $50.6 million for Raleigh-Durham International in North Carolina.
There are nearly 500 commercial airports in the U.S., according to an industry group, Airports Council International-North America, and the group projects that they will lose more than $40 billion from the pandemic by next March.