Bloomberg Law
April 11, 2020, 8:01 PM

Mnuchin Airline Aid Plan Seeking Partial Repayment Draws Rebukes

Alan Levin
Alan Levin
Bloomberg News
Saleha  Mohsin
Saleha Mohsin
Bloomberg News
Mary Schlangenstein
Mary Schlangenstein
Bloomberg News
Ros Krasny
Ros Krasny
Bloomberg News

Treasury Secretary Steven Mnuchin’s insistence that America’s major airlines partially repay taxpayer funds aimed at shoring up the industry has set up a clash between the Trump administration and the carriers.

At least some of the large carriers are unhappy with the terms -- specifically, that large airlines repay 30% of any grant within five years -- and are seeking to negotiate with the Treasury Department, said a person familiar with the discussions.

The leader of one trade group said the offer violated “both the letter and the spirit of the law” written to provide help for an industry ...

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