All members of Executive Travel’s staff will return to work
full-time on April 15, due to funding from the Paycheck Protection Program.
“This program is a lifeline for our team that allows us to
get back on our feet and start building for the future,” Executive Travel chairman
Steve Glenn said in a statement.
Lincoln, Neb.-based Executive Travel, like many other
companies, has addressed the slowdown in travel caused by the coronavirus
pandemic with furloughs, pay cuts and shortened work weeks.
The Paycheck Protection Program was one facet of the $2
trillion Cares Act.
It was designed to help small businesses keep employees on the payroll.
Glenn thanked the Trump administration; Rep. Jeff
Fortenberry (R-Neb.), who helped Executive Travel get answers about the Paycheck
Protection Program from the Small Business Administration; and Union Bank,
which processed its application and forwarded the funding in seven days.
“We are not out of the woods yet,” Glenn said. “The travel
industry and our airline, hotel and car rental partners will continue to suffer
until the monster virus is contained and the traveling public returns to the
“Even with the new funding, our business has dramatically
changed from 90 days ago,” he continued. “Executive Travel has decided to turn
this lemon into lemonade and will use this time and resources to expedite
training our staff to be the best service providers in the industry so when we
come out of this economic trauma, we can accelerate into the future.”