Seattle-based Alaska Airlines and nine other air carriers plan to participate in a $25 billion payroll assistance program that’s part of the coronavirus relief package signed into law last month, Treasury Secretary Steven Mnuchin said today.
“Conversations continue with other airlines regarding their potential participation,” Mnuchin said in a statement.
Today’s announcement comes after days of negotiations over the terms of the assistance program, with the Treasury Department seeking ownership stakes in at least some of the airlines that participate.
