Global Trade Alert
Global Trade Alert

United States of America: United Airlines secures $5.17 billion loan from the U.S. Treasury (COVID-19)

Announcement

28 Sep 2020

The U.S. Treasury agreed to make a loan of up to USD 5.17 billion to United Airlines Inc. pursuant to the Coronavirus Aid, Relief, and Economic Security Act (CARES).

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 Sep 2020

Revocation date:

No revocation date

Announced: 28 Sep 2020
State loan In force
On 28 September 2020, the U.S. Department of the Treasury agreed to extend a loan to the air carrier United Airlines Inc. to provide liquidity to the company related to the losses incurred as a result...
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