While major airlines have already received Payroll Support Program (PSP) commitments, private aviation operators are still waiting
The National Business Aviation Association has joined the Helicopter Association International, National Air Carrier Association, National Air Transportation Association, and the Regional Airline Association, urging U.S. Treasury Secretary Janet Yellen to expedite assistance for commercial general aviation and regional air carrier operators.
The Consolidated Appropriations Act, 2021, authorizes the Treasury Department to provide up to $16 billion of payroll support to aviation providers. So far over 500 have applied
The U.S. Treasury Department has revealed the list of aviation providers who have applied for the $16 billion allocated for industry workers’ payroll support.
Private jet operators should be able to tap into the estimated in $15 billion in air carrier support
The newest legislation to provide ongoing COVID-19 relief is estimated to have $15 billion for the airlines. According to a spokesperson for the National Business Aviation Association, that should incorporate Part 135 private jet operators and other companies related to business aviation.
(Updated Dec. 22 @ 7:22 am – A full copy of the HR 133 – Consolidated Appropriations Act, 2021, can be downloaded at the end of this story.)
A Triangle Business Journal profile of FlyExclusive shows the jet card and charter operator used the CARES Act’s PPP to set the table for its recovery
According to a report in the Triangle Business Journal, close to 300 jobs at Kinston, North Carolina-based FlyExclusive and related companies were saved by the CARES Act’s Paycheck Protection Program. That totals include 75 newly hired positions.