US Offers $184 Million to 158 Aviation Manufacturing Firms

1 year ago 105

A rider  pitchy  lifts disconnected  astatine  Reagan National Airport, with the power  operation    seen astatine  little   right. (Gary Cameron/Reuters)

A rider pitchy lifts disconnected astatine Reagan National Airport, with the power operation seen astatine little right. (Gary Cameron/Reuters)

The U.S. Transportation Department volition denote connected Monday it is offering an further $184 cardinal successful payroll assistance to 158 much aviation manufacturing businesses.

In September, the department offered $482.3 cardinal to 313 aviation manufacturing businesses. The caller offers see $17.5 cardinal to BAE Systems Controls and astir $13 cardinal to some Airbus’s U.S limb and Dassault Falcon Jet Corp., according to a merchandise seen by Reuters.

The section said it volition reopen the exertion process a last clip requiring applications by Dec. 13.

Congress earlier this twelvemonth created a $3 cardinal aviation manufacturing payroll subsidy programme that volition screen up to fractional of eligible companies’ compensation costs for arsenic agelong arsenic six months.

The connection requires companies to perpetrate to not conducting furloughs without worker consent oregon laying disconnected employees covered by subsidies during the six-month period.

Companies eligible see aircraft, engine, propeller, oregon constituent manufacturers and companies that repair oregon overhaul airplanes and parts.

To qualify, a institution indispensable person involuntarily furloughed oregon laid disconnected astatine slightest 10 percent of its full workforce, oregon person experienced a diminution of astatine slightest 15 percent successful 2020 full operating revenue.

U.S. Transportation Secretary Pete Buttigieg said the backing “will prevention thousands of manufacturing jobs, enactment hundreds of tiny businesses, and assistance support America’s aviation manufacture strong.”

Many of the recipients are tiny businesses. Of the 469 companies receiving funds successful the 2 rounds, 298 of them, oregon 63 percent, had less than 100 employees astatine the opening of April 2020.

By David Shepardson

Reuters

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