The Treasury Department and leading airlines continued negotiating Monday over terms of coronavirus-relief payments, with Treasury sticking to a proposal that could give the government an ownership stake in the nation's leading carriers.
Treasury Secretary Steven Mnuchin said agreements with the airlines over terms of the $25 billion in payroll assistance could come soon. “I think you will see very quickly decisions coming out.
I’m very pleased with the discussions,” Mnuchin said at a White House briefing. The Treasury Department payments were supposed to begin a week ago.
The major holdup in recent days was Treasury’s insistence that 30% of the aid for larger airlines would be in the form of loans that must be repaid and with the