AMFA Provides Input to Congress Regarding Potential Airline Industry Bailout Package

  • Prohibition on using federal funds for the salaries, benefits, and severance packages of the airline industry executives;
  • Prohibition on federal credit recipients from using funds to purchase company shares in a corporate stock buyback;
  • Prohibition on federal credit recipients from using funds to pay shareholder dividends;
  • Priority to the employee, recipient of federal credit should be required to first pay the salaries and benefits of employees;
  • Furloughed employees of federal credit recipients are to remain on employee health care;
  • Furloughed employees of federal credit recipients will have furloughed time count toward years of service for retirement; and
  • Prohibition on using federal credit for maintenance work performed at foreign based maintenance repair and overhaul facilities

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