Covid Aid Bill To Provide Billions in Aviation Relief

 - March 8, 2021, 10:49 AM

This story is part of AIN's continuing coverage of the impact of the coronavirus on aviation.

The House of Representatives is expected to vote tomorrow on final passage of the $1.9 trillion American Rescue Plan, clearing the way for up to $26 billion in aviation relief aid and billions more in other loans and grants that could assist the industry. Approved by the Senate on Saturday, the American Rescue Plan now returns to the House for final passage.

The relief package would extend the air carrier Payroll Support Program through September with another $14 billion for operators and $1 billion for contractors. Another $8 billion is provided for airport grants, including $100 million for general aviation fields. New in this relief package is $3 billion set aside for a cost-sharing program to support aviation manufacturing jobs.

Other measures that could provide some relief to the industry include $15 billion for economic injury disaster loans and $7.25 billion in more payroll protection program money that is targeted for small businesses. Further, there is another $14 billion for vaccine distribution.

“This legislation brings critical relief to the business aviation industry as the ongoing reductions in business travel and the potential for additional Covid-related impacts create significant uncertainty for our community,” said NBAA president and CEO Ed Bolen. He urged the House “to act quickly and ensure our industry, and all Americans, receive this targeted assistance as we look to recover from the pandemic.”