By David Shepardson
By David Shepardson
WASHINGTON, March 17 (Reuters) – Some Democrats in Congress are pushing again on points of a proposal by main airways in search of $50 billion in grants and loans within the face of the huge journey slowdown on account of the coronavirus pandemic.
Airways for America, which represents American Airways AAL.O, United Airways Inc UAL.O, Delta Air Strains Inc DAL.N, Southwest Airways Co LUV.N and others, stated the business wants $25 billion in grants, $25 billion in loans and vital tax reduction, together with the return of at the very least $four billion in taxes paid this yr, to outlive.
It warned that with out motion, airways might run out of cash by year-end – and even sooner if bank card corporations withhold funds.
Democrats are anticipated to again help to the sector. However aides say they may possible demand vital circumstances as a part of any bailout and its kind continues to be unsure.
U.S. Home Speaker Nancy Pelosi…