Global Trade Alert
Global Trade Alert

United States of America: American Airlines Inc. secures $5.5 billion loan from the U.S. Treasury (COVID-19)

Announcement

25 Sep 2020

The U.S. Treasury agreed to make a loan of up to USD 5.5 billion to American Airlines Inc. pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

25 Sep 2020

Revocation date:

No revocation date

State loan In force

On 25 September 2020, the U.S. Department of the Treasury agreed to extend a loan to the air carrier American Airlines Inc. to provide liquidity to the company related to the losses incurred as a resu...

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