AIRLINES WOULD GET THE $60 BILLION BAILOUT THEY ASKED FOR IN THE NEW SENATE CORONAVIRUS STIMULUS BILL, WHICH WOULD PROHIBIT LAYOFFS AND BAN STOCK BUYBACKS AND DIVIDENDS (AAL, DAL, UAL, LUV, JBLU)

David McNew/Getty A bipartisan coronavirus aid package in the Senate offers $58 billion to the nation's Airlines, split evenly between loans and payroll grants. The coronavirus bailout package, which aligns with requests made by US airlines, would prohibit stock buybacks and share dividends for at least a year after the loans have been repaid. It also restricts executive compensation. Airlines would be prohibited from laying off or furloughi...

BusinessInsider (Date:03/26/2020 03:42) Read full article >>

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Boeing PhotoBoeing: The Boeing Company is an American multinational aerospace and defense corporation. Founded in 1916 by William E. Boeing in Seattle, Washington, the company has expanded over the years, and merged with McDonnell Douglas in 1997. Boeing moved its corporate headquarters from Seattle to Chicago, Illin
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September: September is the ninth month of the year in the Julian and Gregorian Calendars and one of four months with a length of 30 days.
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Airlines: An airline is a company that provides air transport services for traveling passengers and freight. Airlines lease or own their aircraft with which to supply these services and may form partnerships or alliances with other airlines for mutual benefit. Generally, airline companies are recognized with