Democrats look to add conditions to any airline aid
Senate Democrats and unions appear to be hardening their desire to attach strings to airline aid for coronavirus relief, and Wednesday slammed the White House’s $50 billion proposal for airlines, calling for stricter limits on executive bonuses, stock buybacks and even carbon emissions.
Sen. Richard Blumenthal said he wouldn’t support $50 billion in loans to airlines unless more conditions are attached. Along with “really severe limits on executive compensation,” Blumenthal said there should be “conditions that protect workers.” He said pilots and flight attendants should have “better working conditions” and higher pay and that airlines must “commit to do better” in terms of charges, fees, baggage handling and seat size.
Story continuesLater, Sen. Jack Reed, a Democrat on the Appropriations Committee, told POLITICO that demands could also include limits on executive pay and provisions that would see taxpayers take on stock in airlines, similar to how the government bailed out banks during the 2008 financial crisis. "The last time we helped out the airlines we didn’t actually put any guardrails around some of this money, whether it’s task credits for repair work — so the maintenance companies actually went out of business," she added."The airlines came back but all of those maintenance jobs went overseas and we need to make sure that we keep those jobs here. So the MROs, the maintenance repair operators, they need to be protected as well.
Sen. Susan Collins , who leads the Senate’s transportation spending panel, said she has spoken with some airlines and she has “no doubt that this is a financial crisis for them.”
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