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Company News

Two key GOP senators propose $28 billion in airline assistance to avoid job cuts

WASHINGTON, Sept 21 (Reuters) - Two key Republican senators on Monday introduced legislation that would authorize $28 billion in payroll assistance to avoid thousands of airline industry layoffs set to begin Oct. 1.

Senators Roger Wicker, who chairs the Commerce Committee, and Susan Collins, who chairs the appropriations subcommittee overseeing airline issues, introduced the measure that would grant airlines a new bailout days before existing payroll support runs out.

The bill would tap $11 billion in new funds and $17.4 billion in funding repurposed from other unspent funds from prior coronavirus relief measures. (Reporting by David Shepardson Editing by Chris Reese)

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