Us Could Get Stake In Airlines In Exchange For Virus Grants

The Trump administration is raising the possibility of the government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter. Details were unclear on Thursday, but one approach being considered by Treasury Secretary Steven Mnuchin is to give the government warrants — options to buy shares in airlines that accept grant money, the people said. A key factor would be the price at which the government could exercise the warrants.Read more on NewsOK.com

Topics:  trump   u.s    details   treasury secretary steven mnuchin   newsok   a   virus   government   people   

 

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