DOT produces distribution plan for airport rescue grants

|
Travel_with_me/Shutterstock
Travel_with_me/Shutterstock Photo Credit: Travel_with_me/Shutterstock.com

The Transportation Department is set to distribute $10 billion in Cares Act grants to U.S. airports.

The grants have been divided among more than 3,000 commercial and general aviation airports in the U.S., with the largest amounts going to the most trafficked airports. The funds can be used by the airports to support continuing operations, replace lost revenue resulting from the Covid-19 outbreak and for capital improvement projects and debt payments. 

In return, airports are required to retain at least 90% of their workforce through the end of the year. 

“This $10 billion in emergency resources will help fund the continued operations of our nation’s airports during this crisis and save workers’ jobs,” Transportation Secretary Elaine Chao said in a statement. 

Atlanta Hartsfield-Jackson will be the largest grant recipient at $338.5 million. Los Angeles ($323.6 million), Dallas/Fort Worth ($299.2 million), Chicago O’Hare ($294.4 million) and Denver ($269 million) round out the top five.

Air traffic in the U.S. is currently down approximately 95% from a year ago.

Comments

From Our Partners

2018 River Cruise PLUS
River Cruise PLUS
Watch Now
Los Cabos safety
Los Cabos Showcases Spectacular Offerings With Safety Protocols to Top Travel Advisors
Read More
2020 Ireland Virtual Expo
Ireland Virtual Expo
Watch Now

JDS Travel News JDS Viewpoints JDS Africa/MI