Major private jet operators apply for Payroll Support Program Extension Payments

psp support

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.

A look back at who received CARES Act Payroll Support Payments

CARES Act private aviation recipients

The Payroll Support Program under Division A, Title IV, Subtitle B of the CARES Act provided payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. Here’s who got how much

It’s uncertain when there will be more government for the airline industry, and if so, will it extend to the private aviation side?

While the CARES Act payments have been widely credited for helping business jet operators get back on their feet quickly, they also have detractors, including NetJets, the largest private jets operator.

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