ANNOUNCEMENT 24 Mar 2021

The U.S. administration provides payroll support to the airline Hyannis Air Service Inc. under the Payroll Support Program extension.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

U.S. Department of the Treasury, Payroll Support Program Extension Payments, Passenger Carriers. Available at: https://home.treasury.gov/policy-issues/cares/preserving-jobs-for-american-industry/payroll-support-program-extension-payments

Inception date: 24 Mar 2021 | Removal date: open ended

Financial grant

On 24 March 2021, the Department of the Treasury reached an agreement with Hyannis Air Service Inc. in support of the payments of employee wages, salaries, and benefits under the Payroll Support Program extension (PSP2) of the Consolidated Appropriations Act, 2021. Within the scope of the agreement, Hyannis Air Service Inc. will receive USD 11.9 million payroll support from the U.S. Treasury provided that the funds exclusively used for the continuation of payment of employee wages, salaries, and benefits. There is no requirement to cease commercial operations as was the case with salary support in many other nations which imposed "lockdowns."

The U.S. Administration signed into law the Consolidated Appropriations Act, 2021 on 27 December 2020, which provides pandemic relief for the workers in the aviation industry in the form of payroll support. The U.S. Administration allocated an aggregate amount of USD 15 billion for passenger air carriers and USD 1 billion for contractors to preserve aviation jobs and compensate air carrier industry workers (see related state act).

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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