Aviation contractors were awarded $3 billion under the first CARES Act and could see those funds extended for another six months if Congress passes a second stimulus package.The report recommends another round of aid.
CHICAGO: U.S. aviation contractors laid off thousands of workers due to delays in payroll aid from the U.S. Treasury that was meant to protect jobs, an investigation by a U.S. House of Representatives subcommittee found.
Under the Coronavirus Aid, Relief and Economic Security Act (CARES Act), companies in the aviation sector were granted funds to cover six months of their payroll as the COVID-19 pandemic prompted a precipitous decline in air travel.
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