The Trump administration is discussing ways to defer taxes on the airline, cruise and hospitality industries as a way to limit economic damage from the coronavirus outbreak, CNN confirms. Talks are still in a very preliminary stage, according to officials.
CNN has confirmed that the Trump administration is discussing ways to defer taxes on the airline, cruise and hospitality industries as a way to limit economic damage from the outbreak of the virus. Talks are still in a very preliminary stage, according to officials. The discussions regarding federal help for the industry was first reported by the Washington Post."We're worried about certain sectors of the economy, airlines coming to mind, ...
I don't want you to give them any ideas," said Trump. He said the possibility of a bailout had not been discussed. But Alexandre de Juniac, the head of the International Air Transport Association, the global industry's trade group, told CNN Thursday that the airline industry will be asking for relief on some of the fees and payments it is required to make to governments around the globe.
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