Budget Airlines Request 2.5 Billion Dollars in US Aid
Low cost carriers including Frontier and Avelo met with officials last Tuesday to propose a relief plan. The group seeks assistance in exchange for warrants.
Xurve View
Insights:
Xurve View
A coalition of low-cost carriers in the United States is reportedly lobbying the federal government for a $2.5 billion relief package to offset soaring operational costs. According to reports from the Wall Street Journal, budget airlines including Frontier Group Holdings, Inc. and Avelo Airlines are proposing the assistance in exchange for warrants that could eventually be converted into equity stakes for the government.
