Skip to main content

Advertisement

Advertisement

Business

FAA says US airports will get US$8 billion in pandemic relief

FAA says US airports will get US$8 billion in pandemic relief

Airports around the United States will share US$8 billion in federal grants to help them recover from the COVID-19 pandemic. (Photo: AP)

WASHINGTON: Airports around the United States will share US$8 billion in federal grants to help them recover from the COVID-19 pandemic, which caused a steep drop in air travel and a loss of revenue that airports expect from airlines and passengers.

Most of the money will go to big airports with commercial airline service. They will share US$6.5 billion based on the number of passenger boardings, plus another US$800 million to offer rent relief to companies that operate concessions such as food and retail outlets in terminals.

Airports must keep at least 90 per cent of the workers they had before the pandemic to receive one of the grants, which will handled by the Federal Aviation Administration.

READ: US, UK leaders expected to work to reopen travel 

Congress approved the money as part of a pandemic-relief measure that President Joe Biden signed in March. The Biden administration said the grants would protect airport jobs and construction projects as travel recovers.

The FAA said several hundred airports will get grant money, including US$175.7 million for Seattle-Tacoma International, US$115 million for Philadelphia International, US$74.3 million for Daniel K. Inouye International in Honolulu, US$56.2 million for St. Louis Lambert International, and US$50.6 million for Raleigh-Durham International in North Carolina.

There are nearly 500 commercial airports in the US, according to an industry group, Airports Council International-North America, and the group projects that they will lose more than US$40 billion from the pandemic by next March.

BOOKMARK THIS: Our comprehensive coverage of the COVID-19 pandemic and its developments

Download our app or subscribe to our Telegram channel for the latest updates on the coronavirus outbreak: https://cna.asia/telegram

Source: AP/ic

Advertisement

Also worth reading

Advertisement