Airlines for America (A4A), an airlines lobbying group has released it’s official request for government assistance. The assistance they are requesting falls into three things:
- Grants. A request for $25 billion to compensate for reduced liquidity from December 31st, 2019 through December 31st, 2020 for passenger carriers and $4 billion for cargo carriers
- Loans. Another $25 billion for passenger carriers and $4 billion for cargo carriers.
- Tax relief.
- 2020 Excise Taxes: Rebate to U.S. Part 121 air carriers the amount of federal excise taxes paid into
the Airport and Airway Trust Fund (AATF) that have been remitted to the U.S. Government beginning
January 1, 2020 through March 31, 2020. - Temporary Aviation Excise Tax Repeal: Temporary repeal of all the federal excise taxes on Part 121 air
carriers, including those taxes on tickets, cargo and fuel through December 31, 2021 (i.e., Internal
Revenue Code (IRC) sections 4261(a), 4261(c), 4261(b), 4261(e)(3), 4271 and 4081(a)(2)(c)(i)), subject
to a trigger for a further extension beyond 2021 dependent upon economic circumstances.
- 2020 Excise Taxes: Rebate to U.S. Part 121 air carriers the amount of federal excise taxes paid into
