Global Trade Alert
Global Trade Alert

United States of America: $34 million in payroll support to Columbia Helicopters Inc. (Covid-19 related)

Announcement

19 May 2020

This support to the aviation sector stems from the Coronavirus Aid, Relief and Economic Security Act (CARES Act) that President Trump signed into law on March 27, 2020.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

19 May 2020

Revocation date:

No revocation date

Financial grant In force

On May 19, 2020 the Department of the Treasury reached an agreement with Columbia Helicopters Inc. under which the airline received $34,303,584 in support during the Covid-19 pandemic. Like comparable...

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