The National Air Transportation Association (NATA) and National Business Aviation Association (NBAA) sent a letter to U.S. Secretary of the Treasury Steven Mnuchin on Wednesday requesting additional guidance and flexibility for the general aviation community on the loan and grant provisions enacted in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The letter (PDF) also asked the Department of the Treasury to consider the scale and business operations of GA air carriers and FBOs when developing loan and grant program guidance. Signed into law last Friday, the CARES Act designated up to $25 billion in financial assistance for passenger air carriers, up to $4 billion for cargo carriers and up to $3 billion for aviation contractors.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/business-aviation-news/nata-nbaa-call-for-cares-guidance