US could get stake in airlines in exchange for virus grants

Source: Pixabay -- The package includes $50 billion for passenger airlines, $8 billion for cargo airlines, and $10 billion for airports.
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Washington, DC (AP) The Trump administration is raising the possibility of the U.S. government getting ownership stakes in U.S. airlines in exchange for billions in direct grants to help the carriers survive a downturn cause. That's according to people familiar with the matter on Thursday.

Congress is considering a $2 trillion economic-rescue package that includes grants to help airlines pay workers during the sharp downturn in travel caused by the COVID-19 outbreak.

The package includes $50 billion for passenger airlines, $8 billion for cargo airlines, and $10 billion for airports.

Boeing isn't mentioned in the bill, but lawmakers say Boeing it would get relief too.

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