Treasury Secretary Steven Mnuchin said Tuesday that 10 airlines, including the four major U.S. carriers, signaled that they plan to accept grants to cover employee payroll and benefits, almost three weeks after a coronavirus stimulus was enacted.
Under the stimulus law, Treasury was supposed to start cutting grant checks on April 6, but airlines and the administration have been sparring over the extent to which “warrants” or other financial stakes may be required for airlines to access that money, along with what some carriers characterized as a confusing application process.
