Private Jet Industry Requests Coronavirus Relief Despite Reports of Booming Business
As Congress considers a coronavirus relief funding package for commercial airlines like American Airlines Group (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL), private jet operators are hoping to get in on the action. The National Business Aviation Association, a group representing the private and corporate jet industry, sent a letter to Senate and House leaders on March 19 requesting access to "the same programs" provided to major carriers, including "medium to long-term liquidity assistance and relief from air transportation excise taxes."
The letter was also signed by groups representing other general aviation classes like helicopter operators and experimental-aircraft owners. It cited "increasing financial uncertainty" and warned that travel restrictions "have the potential to cause even more significant harm to these companies as this crisis continues."
Private and corporate jet operators are hoping to receive financial help from Congress. Image source: Getty Images.
Source Fool.com
