Global Trade Alert
Global Trade Alert

United States of America: Eastern Airlines LLC secures $15 million loan from the U.S. Treasury (COVID-19)

Announcement

28 Oct 2020

The U.S. Treasury agreed to make a loan of up to USD 15 million to Eastern Airlines LLC pursuant to the Coronavirus Aid, Relief, and Economic Security Act (CARES).

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 Oct 2020

Revocation date:

No revocation date

Updated: 28 Oct 2020
State loan In force

On 28 October 2020, the U.S. Department of the Treasury agreed to extend a loan to the air carrier Eastern Airlines LLC to provide liquidity to the company related to the losses incurred as a resul...

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