Covid-19 crisis: US airlines likely to accept $25 billion payroll aid plan

Some large US passenger airlines are close to accepting the terms of a $25 billion offer for government coronavirus payroll aid, with announcements possible as early as Tuesday, people briefed on the matter said.

Airline industry officials expect all major airlines to accept the grants in coming days, and US Treasury Secretary Steven Mnuchin said on Monday he expects decisions to come out "very quickly."

Brent McIntosh, the Treasury undersecretary for international affairs, told Reuters on Monday the agency was not planning to change the terms laid out on Friday, which require 30 per cent of the funds allotted to each airline