Payroll Support Program Payments

Section 4112 of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) authorizes the Treasury Department to provide up to $32 billion to compensate aviation industry workers and preserve jobs.

The Payroll Support Program under Division A, Title IV, Subtitle B of the CARES Act provides payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. A total of up to $25 billion is available for passenger air carriers; $4 billion for cargo air carriers; and $3 billion for certain contractors. As specified in section 4113 of the CARES Act, the amount to be received by each air carrier or contractor is based on its payroll expenses from April 2019 through September 2019, subject to proration. Funds received by these air carriers and contractors must exclusively be used for the continuation of payment of employee wages, salaries, and benefits. 

Certain participants in the Payroll Support Program are required to provide financial instruments as appropriate compensation to the U.S. Government for the provision of the financial assistance. After consultation with the Department of Transportation and consistent with section 4117 of the CARES Act, Treasury determined that passenger air carriers receiving payroll support of more than $100 million, cargo air carriers receiving more than $50 million, and eligible contractors receiving more than $37.5 million are required to provide financial instruments as appropriate compensation. Participants that receive payroll support of more than $100 million are required to provide financial instruments to the U.S. Government in the form of a 10-year senior unsecured promissory note and warrants for shares of common stock.

The Department of the Treasury is committed to implementing the CARES Act with transparency. The Treasury Department is providing information on the Payroll Support Program, including program participants, the amount of payroll support to such participants, and any financial instruments provided by the participants. This information will be periodically updated as Treasury approves additional applications and makes incremental payments. 

Data current as of 05/22/2020

 

Passenger Carriers

Participant City 1 State 1 Agreement Date 2 Total Anticipated Payroll Support 3 Total Anticipated Note Principal Amount 4 Total Anticipated Number of Warrants 5 Warrant Exercise Price 6
ABERDEEN FLYING SERVICE ABERDEEN SD 04/20/2020 $234,772 0 0 0
ADVANCED AIR LLC HAWTHORNE CA 04/23/2020 $2,765,649 0 0 0
AERO CHARTER INC. CHESTERFIELD MO 05/01/2020 $1,720,786 0 0 0
AIR 7 LLC CAMARILLO CA 04/29/2020 $1,339,827 0 0 0
AIR CHARTER EXPRESS INC GREENVILLE SC 05/13/2020 $5,981 0 0 0
AIR MED SERVICES L.L.C. LAFAYETTE LA 05/12/2020 $3,041,463 0 0 0
AIR RUTTER INTERNATIONAL LLC LONG BEACH CA 05/14/2020 $2,282,235 0 0 0
AIR TREK INC. PUNTA GORDA FL 05/05/2020 $672,600 0 0 0
AIR WISCONSIN AIRLINES LLC APPLETON WI 04/20/2020 $40,998,013 0 0 0
AIRCRAFT CHARTER MANAGEMENT EXPERTS NASHVILLE TN 04/29/2020 $659,209 0 0 0
AIRCRAFT CHARTER SERVICES INC. GOSHEN IN 04/29/2020 $351,418 0 0 0
AIRCRAFT MANAGEMENT GROUP MOON TOWNSHIP PA 04/29/2020 $1,177,280 0 0 0
AIRGATE AVIATION INC. NEW SMYRNA BEACH FL 04/24/2020 $333,023 0 0 0
AIRSTAR INC. BISHOP GA 05/06/2020 $305,860 0 0 0
ALAMO HELICOPTER TOURS SAN ANTONIO LLC SAN ANTONIO TX 04/29/2020 $23,411 0 0 0
ALANTE AIR CHARTER LLC SCOTTSDALE AZ 04/24/2020 $726,689 0 0 0
ALASKA AIRLINES INC. SEATTLE WA 04/23/2020 $992,189,880 $267,656,964 846,748 $31.61
ALLEGIANT AIR LLC LAS VEGAS NV 04/20/2020 $171,912,904 $21,573,871 25,890 $83.33
ALLIANT AVIATION LLC SALT LAKE CITY UT 05/19/2020 $207,553 0 0 0
ALPINE AIR ALASKA LLC GIRDWOOD AK 04/29/2020 $829,056 0 0 0
ALTIUS AVIATION LLC SYRACUSE NY 04/24/2020 $322,931 0 0 0
AMERICAN AIRLINES INC. FORT WORTH TX 04/21/2020 $5,814,516,440 $1,714,354,932 13,703,876 $12.51
AMERICAN JET CHARTER INC. BETHANY OK 04/24/2020 $152,466 0 0 0
AMERICAN JET INTERNATIONAL CORP HOUSTON TX 04/20/2020 $1,438,637 0 0 0
AVALAIR AIRCRAFT MANAGEMENT LLC HOUSTON TX 05/12/2020 $339,222 0 0 0
AVCENTER INC POCATELLO ID 05/19/2020 $964,330 0 0 0
AVIATION ADVISOR INC. ANTICOH IL 05/19/2020 $1,277,822 0 0 0
BANKAIR INC WEST COLUMBIA SC 05/08/2020 $315,016 0 0 0
BERING AIR INC. NOME AK 04/24/2020 $5,367,784 0 0 0
BLACK HILLS HELICOPTERS INC RAPID CITY SD 04/29/2020 $73,465 0 0 0
BLATTI AVIATION INC. ELWOOD IL 04/20/2020 $74,096 0 0 0
BTR AIR CHARTER & MANAGEMENT INC. BATON ROUGE LA 05/14/2020 $100,159 0 0 0
BUSINESS JET MANAGERS INC. CANTON MI 04/29/2020 $223,788 0 0 0
C.C. CALZONE LLC SANTA ANA CA 05/07/2020 $693,536 0 0 0
CAPITAL CITY AIR CARRIER INC. PIERRE SD 04/23/2020 $307,848 0 0 0
CAPITAL CITY JET CENTER INC COLUMBUS OH 04/29/2020 $342,402 0 0 0
CAPITAL JET INC. HOUSTON TX 04/24/2020 $90,521 0 0 0
CAREFLITE GRAND PRAIRIE TX 05/14/2020 $14,756,673 0 0 0
CARIBBEAN SUN AIRLINES INC. VIRGINIA GARDEN FL 04/23/2020 $6,127,638 0 0 0
CATALINA AEROSPACE CORPORATION N MIAMI FL 04/29/2020 $213,590 0 0 0
CAUSEY AVIATION SERVICE INC. LIBERTY NC 05/08/2020 $1,043,568 0 0 0
CCM COMPANY HOLDINGS INC. LAWRENCEVILLE GA 04/29/2020 $2,402,746 0 0 0
CHAMPLAIN ENTERPRISES LLC NORTH OLMSTED OH 04/20/2020 $25,695,574 0 0 0
CHANNEL ISLANDS AVIATION INC. CAMARILLO CA 05/13/2020 $1,071,365 0 0 0
CHANTILLY AIR INC. MANASSAS VA 05/11/2020 $1,421,833 0 0 0
CLAY LACY AVIATION INC. VAN NUYS CA 04/20/2020 $26,937,934 0 0 0
CLUB JET CHARTER LLC EDEN PRAIRIE MN 05/20/2020 $1,034,921 0 0 0
COASTAL HELICOPTERS INC. JUNEAU AK 04/29/2020 $1,544,173 0 0 0
COLEMAN JET LLC GARY IN 04/29/2020 $279,552 0 0 0
COLUMBIA HELICOPTERS INC. AURORA OR 05/19/2020 $34,303,584 0 0 0
CORPORATE FLIGHT INC. WATERFORD MI 04/29/2020 $450,237 0 0 0
CORPORATE FLIGHT MANAGEMENT INC. SMYRNA TN 04/20/2020 $6,993,262 0 0 0
CTP AVIATION LLC HAYWARD CA 05/12/2020 $1,482,597 0 0 0
DAE AVIATION ENTERPRISES CORP GILFORD NH 05/22/2020 $132,314 0 0 0
DAVINCI JETS LLC CHARLOTTE NC 04/20/2020 $2,666,486 0 0 0
DELTA AIR LINES INC. ATLANTA GA 04/20/2020 $5,436,331,186 $1,600,899,356 6,563,753 $24.39
DELUX PUBLIC CHARTER LLC DALLAS TX 05/07/2020 $8,958,475 0 0 0
DENALI AIR INC. DENALI NATIONAL PARK AK 04/24/2020 $140,790 0 0 0
DESERT JET CHARTER LLC THERMAL CA 05/19/2020 $994,695 0 0 0
DOMINION AVIATION SERVICES INC. RICHMOND VA 04/29/2020 $1,509,541 0 0 0
DREAMLINE AVIATION LLC VAN NUYS CA 04/20/2020 $1,795,135 0 0 0
DUPAGE AEROSPACE CORP WEST CHICAGO IL 05/13/2020 $850,786 0 0 0
EAST COAST FLIGHT SERVICES INC. EASTON MD 04/20/2020 $260,109 0 0 0
EAST COAST JETS INC ALLENTOWN PA 04/20/2020 $1,117,028 0 0 0
EASTERN AIRLINES LLC WAYNE PA 04/20/2020 $9,259,648 0 0 0
EGLI AIR HAUL INC. KING SALMON AK 04/23/2020 $171,862 0 0 0
EL AERO SERVICES ELKO NV 05/13/2020 $408,993 0 0 0
ELEVATE JET LLC SEABROOK NH 05/21/2020 $976,764 0 0 0
ELITE AIRWAYS LLC PORTLAND ME 04/29/2020 $11,276,814 0 0 0
EMPYREAL JET INC HOUSTON TX 05/20/2020 $89,899 0 0 0
EXCLUSIVE JETS LLC KINSTON NC 05/13/2020 $7,098,628 0 0 0
EXEC AIR MONTANA INC. HELENA MT 04/30/2020 $469,005 0 0 0
EXECUTIVE AIRLINK INC. WEST PALM BEACH FL 05/13/2020 $105,733 0 0 0
EXECUTIVE AVIATION CORPORATION MIAMI FL 04/29/2020 $612,134 0 0 0
EXECUTIVE FLIGHT SERVICES LLC LENEXA KS 05/13/2020 $6,928,679 0 0 0
EXPRESSJET AIRLINES LLC COLLEGE PARK GA 05/12/2020 $109,883,984 $2,430,959 -1 -1
FENIX AIR CHARTER LLC SPARTANBURG SC 05/22/2020 $58,053 0 0 0
FLIGHT LEVEL AVIATION LLC. FRESNO CA 05/11/2020 $103,243 0 0 0
FLORIDA AEROCHARTER INC. KEY WEST FL 04/24/2020 $82,080 0 0 0
FLORIDA JET SERVICE INC. FORT LAUDERDALE FL 05/20/2020 $577,388 0 0 0
FLYCAROLINA LLC CHARLOTTE NC 05/12/2020 $331,461 0 0 0
FRESH AIR AVIATION CHARLEVOIX MI 04/24/2020 $172,408 0 0 0
FRONTIER AIRLINES INC. DENVER CO 04/30/2020 $204,877,426 $31,463,228 14,433 $241.72
GO AVIATION INC. SARANAC LAKE NY 05/08/2020 $163,772 0 0 0
GOJET AIRLINES LLC BRIDGETON MO 04/24/2020 $35,456,672 0 0 0
GRANDE AVIATION LLC KNOXVILLE TN 04/24/2020 $782,567 0 0 0
GRANT AVIATION INC. ANCHORAGE AK 04/24/2020 $5,041,910 0 0 0
GREAT LAKES AIR INC. ALPENA MI 05/15/2020 $60,729 0 0 0
GREAT WESTERN AIR LLC LAS VEGAS NV 04/29/2020 $1,869,608 0 0 0
GUARDIAN HELICOPTERS INC. FILLMORE CA 04/20/2020 $669,951 0 0 0
HASKIN AVIATION LLC MIDLAND TX 05/12/2020 $165,283 0 0 0
HAWAII PACIFIC AVIATION INC. KAILUA KONA HI 05/21/2020 $791,268 0 0 0
HAWAIIAN AIRLINES INC. HONOLULU HI 04/22/2020 $292,459,908 $57,737,973 488,477 $11.82
HELICOPTER SOLUTIONS INC. MYRTLE BEACH SC 05/13/2020 $543,310 0 0 0
HILLSBORO AVIATION INC. HILLSBORO OR 04/24/2020 $2,850,605 0 0 0
HOLMAN LEASING SYSTEMS INC. ZELIENOPLE PA 04/20/2020 $775,377 0 0 0
HOPSCOTCH AIR INC WHITE PLAINS NY 04/29/2020 $112,896 0 0 0
HYANNIS AIR SERVICE INC. HYANNIS MA 04/20/2020 $14,719,957 0 0 0
IMAGE AIR CHARTER LLC WARSAW IN 04/20/2020 $687,387 0 0 0
INTERNATIONAL JET AVIATION SERVICES INC. CENTENNIAL CO 05/18/2020 $1,429,848 0 0 0
ISLAND AIR INC FRIDAY HARBOR WA 04/20/2020 $495,565 0 0 0
ISLAND EXPRESS HELICOPTERS INC. LONG BEACH CA 05/01/2020 $603,838 0 0 0
ISLAND WINGS AIR SERVICE LLC KETCHIKAN AK 05/13/2020 $159,643 0 0 0
JACK HARTER HELICOPTERS INC. LIHUE HI 05/19/2020 $1,121,912 0 0 0
JANNUS AIR INC. TAMPA FL 04/24/2020 $49,780 0 0 0
JEFFREY J CARLIN KETCHIKAN AK 05/20/2020 $133,418 0 0 0
JEM AIR HOLDINGS LLC RALEIGH NC 05/05/2020 $158,775 0 0 0
JET 1 CHARTER INC. NAPLES FL 05/22/2020 $349,790 0 0 0
JET ACCESS AVIATION LLC WEST PALM BEACH FL 04/20/2020 $2,371,863 0 0 0
JET AIR INC. GALESBURG IL 05/18/2020 $1,297,810 0 0 0
JET LINX AVIATION LLC OMAHA NE 04/23/2020 $20,033,063 0 0 0
JET LOGISTICS INC. JOHNS ISLAND SC 04/20/2020 $774,107 0 0 0
JET METHODS INC CARLSBAD CA 04/20/2020 $270,802 0 0 0
JET OUT LLC MILWAUKEE WI 04/29/2020 $129,089 0 0 0
JET SERVICES INC MOBILE AL 04/20/2020 $297,558 0 0 0
JETBLUE AIRWAYS CORPORATION LONG ISLAND CITY NY 04/23/2020 $935,754,826 $250,726,448 2,639,226 $9.50
JETEX LLC STUART FL 04/20/2020 $308,222 0 0 0
JETSELECT LLC COLUMBUS OH 05/14/2020 $2,788,581 0 0 0
JOE BRIGHAM INC. PEMBROKE NH 05/22/2020 $1,200,952 0 0 0
JPS AVIATION LLC MONROE LA 05/11/2020 $564,998 0 0 0
KALININ AVIATION LLC JUNEAU AK 04/27/2020 $2,610,482 0 0 0
KENMORE AIR HARBOR LLC KENMORE WA 04/27/2020 $2,908,316 0 0 0
KEY LIME AIR CORPORATION ENGLEWOOD CO 04/20/2020 $4,584,679 0 0 0
L.J. ASSOCIATES INC. LATROBE PA 04/20/2020 $3,100,359 0 0 0
LAKE AND PENINSULA AIRLINES INC. PORT ALSWORTH AK 04/29/2020 $332,063 0 0 0
LOYD'S AVIATION BAKERSFIELD CA 05/04/2020 $778,595 0 0 0
LYDDON AERO CENTER INC. LIBERAL KS 04/20/2020 $387,562 0 0 0
M&N EQUIPMENT LLC ENGLEWOOD CO 05/19/2020 $263,914 0 0 0
MACH ONE AIR CHARTERS INC CHINO CA 04/24/2020 $910,944 0 0 0
MARTINAIR INC. RICHMOND VA 04/29/2020 $1,330,013 0 0 0
MAXAIR INCORPORATED OSHKOSH WI 04/20/2020 $172,007 0 0 0
MAYO AVIATION INC. ENGLEWOOD CO 05/12/2020 $3,004,182 0 0 0
MCCALL AVIATION INC. MCCALL ID 05/07/2020 $224,167 0 0 0
MCLEAN AVIATION SERVICES INC. NAPA CA 05/21/2020 $201,483 0 0 0
MCPHILLIPS FLYING SERVICE INC. CHARLEVOIX MI 04/29/2020 $311,144 0 0 0
MEDWAY AIR AMBULANCE LLC LAWRENCEVILLE GA 04/20/2020 $2,394,350 0 0 0
MERCY FLIGHT CENTRAL INC. CANANDAIGUA NY 05/11/2020 $1,749,912 0 0 0
MERIDIAN AIR GROUP INC CHARLOTTESVILLE VA 04/29/2020 $266,777 0 0 0
MESA AIRLINES INC. PHOENIX AZ 04/20/2020 $92,467,745 0 0 0
MID-PACIFIC AIR SERVICE LLC HONOLULU HI 05/13/2020 $175,521 0 0 0
MIDWEST FLYING SERVICE SHELDON IA 04/27/2020 $74,150 0 0 0
MIRA VISTA AVIATION INC. SANTA ANA CA 04/20/2020 $537,425 0 0 0
MISTY FJORDS AIR & OUTFITTING INC. KETCHIKAN AK 05/13/2020 $98,322 0 0 0
MODESTO EXECUTIVE AIR CHARTER INC. MODESTO CA 05/19/2020 $771,590 0 0 0
MOSER AVIATION LLC ENGLEWOOD CO 04/23/2020 $457,305 0 0 0
MOUNTAIN AVIATION INC BROOMFIELD CO 04/29/2020 $7,173,077 0 0 0
NEW ENGLAND AIRLINES INC. WESTERLY RI 05/14/2020 $365,901 0 0 0
NEW ENGLAND LIFE FLIGHT INC. BEDFORD MA 05/19/2020 $1,275,164 0 0 0
NEXGEN AVIATION LLC LEXINGTON KY 04/20/2020 $367,861 0 0 0
NORTH COUNTRY AVIATION INC. GAYLORD MI 04/29/2020 $275,514 0 0 0
NORTH DALLAS AVIATION INC. ADDISON TX 04/29/2020 $478,451 0 0 0
NORTHEASTERN AVIATION CORP FARMINGDALE NY 04/20/2020 $1,867,715 0 0 0
NORTHERN ILLINOIS FLIGHT CENTER WHEELING IL 04/29/2020 $1,012,006 0 0 0
NORTHERN JET MANAGEMENT INC. GRAND RAPIDS MI 04/29/2020 $2,861,349 0 0 0
NORTHSTAR TREKKING LLC KETCHIKAN AK 04/29/2020 $1,319,157 0 0 0
NORTHWIND AVIATION LLC HOMER AK 05/19/2020 $53,895 0 0 0
NOVICTOR AVIATION LLC HONOLULU HI 04/20/2020 $439,385 0 0 0
OMNI AIR INTERNATIONAL LLC TULSA OK 05/20/2020 $67,071,357 0 0 0
ONE SKY FLIGHT LLC CLEVELAND OH 05/05/2020 $84,362,984 0 0 0
PACIFIC COAST JET LLC OAKLAND CA 04/30/2020 $2,012,940 0 0 0
PACJET INC GRANTS PASS OR 04/20/2020 $55,067 0 0 0
PAKLOOK AIR INC. BETHEL AK 04/29/2020 $1,563,222 0 0 0
PARADIGM JET MANAGEMENT INC. MUSKEGON MI 04/20/2020 $921,017 0 0 0
PATHFINDER AVIATION LLC ANCHORAGE AK 05/13/2020 $2,282,881 0 0 0
PEGASUS ELITE AVIATION INC. VAN NUYS CA 04/24/2020 $3,647,106 0 0 0
PENTASTAR AVIATION CHARTER INC. WATERFORD MI 05/12/2020 $678,814 0 0 0
PINNACLE AIR CHARTER LLC SCOTTSDALE AZ 04/24/2020 $1,801,857 0 0 0
PIONEER BUSINESS SERVICES LLC NEWBURGH NY 05/19/2020 $994,235 0 0 0
PLANESMART! AVIATION LLC ADDISON TX 04/20/2020 $573,646 0 0 0
PM AIR LLC KETCHIKAN AK 04/20/2020 $308,465 0 0 0
PRECISION AVIATION INC. KIMBERLY ID 05/11/2020 $92,266 0 0 0
PRECISION LLC MCMINNVILLE OR 04/29/2020 $1,432,940 0 0 0
PREMIER AIR CHARTER LLC CARLSBAD CA 05/21/2020 $54,896 0 0 0
PREMIER JETS INC. HILLSBORO OR 05/12/2020 $518,890 0 0 0
PRESIDENTIAL AVIATION INC. FORT LAUDERDALE FL 04/29/2020 $2,919,322 0 0 0
PRIESTER AVIATION WHEELING IL 04/20/2020 $4,482,420 0 0 0
PRIME JET US LLC ENGLEWOOD CO 04/29/2020 $2,154,355 0 0 0
PRO AIRWAYS LLC. PLYMOUTH MA 04/20/2020 $563,716 0 0 0
PUBLIC CHARTERS INC AVOCA PA 04/20/2020 $104,712 0 0 0
RAI JETS LLC STURGIS MI 04/29/2020 $322,423 0 0 0
RED WING AEROPLANE COMPANY BAY CITY WI 04/29/2020 $2,698,908 0 0 0
REDEMPTION INC. KODIAK AK 04/20/2020 $627,885 0 0 0
REPUBLIC AIRWAYS INC. (F/K/A REPUBLIC AIRLINE INC.) INDIANAPOLIS IN 05/12/2020 $205,986,653 $31,795,996 7,662 $415.00
REVA INC. FORT LAUDERDALE FL 05/13/2020 $5,477,452 0 0 0
RITE BROS. AVIATION INC. PORT ANGELES WA 04/20/2020 $183,054 0 0 0
ROTORCRAFT LEASING COMPANY LLC BROUSSARD LA 05/08/2020 $6,291,119 0 0 0
ROTORWORKS LLC HIRAM GA 05/21/2020 $108,028 0 0 0
RR INVESTMENTS INC ADDISON TX 05/19/2020 $4,007,663 0 0 0
RUST'S FLYING SERVICE INC ANCHORAGE AK 04/24/2020 $1,158,660 0 0 0
SACRAMENTO EXECUTIVE HELICOPTERS INC. ELK GROVE CA 04/20/2020 $574,728 0 0 0
SAN JUAN AIRLINES (RUGBY AVIATION LLC) BELLINGHAM WA 04/24/2020 $390,488 0 0 0
SCHUMAN AVIATION COMPANY LTD MKHA-108K HONOLULU HI 04/20/2020 $2,036,555 0 0 0
SCOTT AIR LLC KLAWOCK AK 05/19/2020 $905,244 0 0 0
SCOTT AVIATION LLC FRESNO CA 04/20/2020 $3,537,798 0 0 0
SEABORNE VIRGIN ISLANDS INC. FORT LAUDERDALE FL 05/11/2020 $3,934,446 0 0 0
SEAWIND AVIATION INC. KETCHIKAN AK 05/22/2020 $193,103 0 0 0
SIERRA PACIFIC AIRLINES TUCSON AZ 04/20/2020 $931,741 0 0 0
SILVER AIRWAYS LLC FORT LAUDERDALE FL 04/20/2020 $13,616,171 0 0 0
SKY NIGHT LLC KINSTON NC 05/13/2020 $333,091 0 0 0
SKY ONE HOLDINGS LLC BOCA RATON FL 05/21/2020 $2,375,751 0 0 0
SKY QUEST LLC CLEVELAND OH 05/19/2020 $2,200,993 0 0 0
SKYWEST AIRLINES INC. ST. GEORGE UT 04/23/2020 $438,021,524 $101,406,457 357,317 $28.38
SMOKEY BAY AIR INC. HOMER AK 05/13/2020 $353,151 0 0 0
SOUTHWEST AIRLINES CO. DALLAS TX 04/21/2020 $3,259,181,720 $947,754,516 2,598,724 $36.47
SP AVIATION INC OAKLAND CA 04/20/2020 $366,900 0 0 0
SPECIALIZED HELICOPTERS INC WATSONVILLE CA 05/04/2020 $197,176 0 0 0
SPIRIT AIRLINES INC. MIRAMAR FL 04/21/2020 $334,736,832 $70,421,050 500,150 $14.08
STARFLITE MANAGEMENT GROUP INC HOUSTON TX 05/13/2020 $832,744 0 0 0
STERLING AIR SERVICE LLC CORPUS CHRISTI TX 04/29/2020 $430,523 0 0 0
STOUT FLYING SERVICE INC LEWISTON ID 04/29/2020 $114,403 0 0 0
SUMMIT AVIATION INC. BELGRADE MT 04/29/2020 $1,138,718 0 0 0
SUN AIR JETS LLC CAMARILLO CA 04/20/2020 $3,773,256 0 0 0
SUN COUNTRY INC. MINNEAPOLIS MN 04/20/2020 $60,558,866 0 0 0
SUNNYFIELD AVIATION ASSOCIATES LLC MORRISTOWN NJ 04/24/2020 $101,454 0 0 0
SUPERIOR TRANSPORTATION ASSOCIATES INC COSTA MESA CA 05/18/2020 $3,624,735 0 0 0
TAILWIND AIR LLC RYE BROOK NY 04/29/2020 $718,359 0 0 0
TANGO AIR INC. CARLSBAD CA 04/20/2020 $1,160,129 0 0 0
TEM ENTERPRISES HOUSTON TX 04/23/2020 $583,561 0 0 0
TEMSCO HELICOPTERS INC. KETCHIKAN AK 04/29/2020 $4,685,365 0 0 0
THUNDERUN AVIATION CORPORATION GLENWOOD NY 05/15/2020 $196,440 0 0 0
TOWER AVIATION MANAGEMENT LLC PFLUGERVILLE TX 04/24/2020 $259,915 0 0 0
TRADEWIND AVIATION LLC OXFORD CT 04/29/2020 $4,039,007 0 0 0
TRANS-EXEC AIR SERVICE INC VAN NUYS CA 04/29/2020 $1,967,261 0 0 0
TREGO DUGAN AVIATION INC. NORTH PLATTE NE 04/29/2020 $699,199 0 0 0
TRIDENT AIRCRAFT INC. EASTON MD 05/13/2020 $876,718 0 0 0
TROPIC OCEAN AIRWAYS LLC FORT LAUDERDALE FL 05/12/2020 $2,038,790 0 0 0
TURNKEY JET INC. WEST PALM BEACH FL 05/04/2020 $120,325 0 0 0
ULTIMATE JETCHARTERS LLC NORTH CANTON OH 04/20/2020 $2,828,548 0 0 0
UNDERHILL HOLDINGS LLC SCARSDALE NY 04/29/2020 $699,235 0 0 0
UNITED AIRLINES INC. CHICAGO IL 04/21/2020 $4,958,498,096 $1,457,549,429 4,627,141 $31.50
VALLEY AIR SERVICE INC. GENEVA IL 04/23/2020 $51,384 0 0 0
VENTURA AIR SERVICES INC. FARMINGDALE NY 04/29/2020 $530,489 0 0 0
VENTURE TRAVEL LLC KETCHIKAN AK 04/30/2020 $1,555,160 0 0 0
VERTICAL SOLUTIONS LLC VALDEZ AK 05/15/2020 $86,430 0 0 0
WALKABOUT AIR INC TAMPA FL 05/05/2020 $140,819 0 0 0
WARD AIR INC. JUNEAU AK 04/29/2020 $675,964 0 0 0
WESTERN AIR CHARTER INC. VAN NUYS CA 05/13/2020 $11,485,372 0 0 0
WILDERNESS AIRCRAFT CO. LLC FORT LAUDERDALE FL 05/22/2020 $31,084 0 0 0
WINDSTAR AVIAITION ADDISON TX 05/13/2020 $106,557 0 0 0
WING AVIATION CHARTER SERVICES LLC HOUSTON TX 04/20/2020 $4,740,313 0 0 0
WINGS AIR HELICOPTERS LLC HARRISON NY 04/29/2020 $199,886 0 0 0
WINGS AIRWAYS LLC JUNEAU AK 04/20/2020 $621,346 0 0 0
WORLD CLASS JET DALLAS TX 04/20/2020 $803,735 0 0 0
WORLDWIDE JET CHARTER INC. PHOENIX AZ 05/08/2020 $4,179,700 0 0 0

 

Cargo Carriers

Participant City 1 State 1 Agreement Date 2 Total Anticipated Payroll Support 3 Total Anticipated Note Principal Amount 4 Total Anticipated Number of Warrants 5 Warrant Exercise Price 6
21 AIR LLC DORA FL 05/08/2020 $2,305,289 0 0 0
ACTIVE AERO GROUP - USA JET AIRLINES BELLEVILLE MI 05/19/2020 $21,673,914 0 0 0
AEKO KULA LLC HONOLULU HI 05/15/2020 $15,346,789 0 0 0
AIRPAC AIRLINES INC. SEATTLE WA 05/22/2020 $218,717 0 0 0
AMERIJET INTERNATIONAL INC. MIAMI FL 05/08/2020 $30,352,860 0 0 0
BEMIDJI AVIATION SERVICES INC BEMIDJI MN 05/11/2020 $2,182,229 0 0 0
BUSINESS AVIATION COURIER INC SIOUX FALLS SD 05/11/2020 $1,206,698 0 0 0
CASTLE AVIATION INC NORTH CANTON OH 05/12/2020 $1,177,672 0 0 0
CATALINA FLYING BOATS INC. LONG BEACH CA 05/12/2020 $569,176 0 0 0
CONQUEST AIR INC. MIAMI LAKES FL 05/08/2020 $378,782 0 0 0
FREIGHT RUNNERS EXPRESS INC. MILWAUKEE WI 05/08/2020 $2,767,691 0 0 0
GTA AIR INC. ADDISON TX 05/13/2020 $919,148 0 0 0
GULF & CARIBBEAN CARGO INC. WATERFORD MI 05/21/2020 $7,856,911 0 0 0
IFL GROUP INC. WATERFORD MI 05/13/2020 $1,920,149 0 0 0
LEGACY AIRWAYS LLC LAKELAND FL 05/12/2020 $449,592 0 0 0
NATIONAL AIR CARGO GROUP INC. ORLANDO FL 05/11/2020 $15,817,488 0 0 0
NORTHERN AIR CARGO LLC ANCHORAGE AK 05/15/2020 $21,138,005 0 0 0
SKY LEASE I INC. MIAMI FL 05/19/2020 $13,659,484 0 0 0
WEST AIR INC. FRESNO CA 05/15/2020 $3,151,630 0 0 0

 

Contractors

Participant City 1 State 1 Agreement Date 2 Total Anticipated Payroll Support 3 Total Anticipated Note Principal Amount 4 Total Anticipated Number of Warrants 5 Warrant Exercise Price 6
247 ON SITE LLC CORPUS CHRISTI TX 05/18/2020 $82,837 0 0 0
ACCUFLEET INTERNATIONAL INC. HOUSTON TX 05/19/2020 $3,828,092 0 0 0
AERO INDUSTRIES INCORPORATED RICHMOND VA 05/15/2020 $474,915 0 0 0
AIR GENERAL INC. PORTSMOUTH NH 05/15/2020 $10,605,566 0 0 0
AMI WINES LLC SANTA MONICA CA 05/22/2020 $145,001 0 0 0
AVIATION LOGISTICS LLC LITHONIA GA 05/19/2020 $1,311,053 0 0 0
AVIATION MAIN SERVICES INC MIAMI FL 05/18/2020 $684,887 0 0 0
BARFIELD INC. MIAMI FL 05/20/2020 $7,944,843 0 0 0
BELLINGHAM AVIATION SERVICES LLC BELLINGHAM WA 05/20/2020 $296,793 0 0 0
BISMARCK AERO CENTER CORP. BISMARCK ND 05/21/2020 $578,819 0 0 0
BURBANK SECURITY SERVICES INC. JAMAICA NY 05/15/2020 $691,880 0 0 0
COMMONWEALTH AVIATION SERVICE INC. RICHMOND VA 05/15/2020 $869,199 0 0 0
CONSTANT AVIATION LLC CLEVELAND OH 05/22/2020 $23,271,516 0 0 0
FUEL FX INC. CRESTVIEW FL 05/15/2020 $166,373 0 0 0
GARAGE SCENES LTD. WESTERVILLE OH 05/19/2020 $147,298 0 0 0
GLOBAL K9 PROTECTION GROUP LLC OPELIKA AL 05/19/2020 $2,750,538 0 0 0
GOURMET CATERING TO GO LLC NASHVILLE TN 05/19/2020 $194,726 0 0 0
HOLMAN ENTERPRISES INC KALISPELL MT 05/19/2020 $441,934 0 0 0
HUNTLEIGH USA CORPORATION IRVING TX 05/22/2020 $13,680,036 0 0 0
IDA FOODS LLC SANTA MONICA CA 05/22/2020 $315,167 0 0 0
INDEPENDENT CARGO SECURITY SCREENING LLC TORRANCE CA 05/18/2020 $455,397 0 0 0
JET CENTER AT SANTA FE OPERATIONS LLC SANTA FE NM 05/15/2020 $277,354 0 0 0
JET WAY AVIATION SERVICES LLC VALLEY STREAM NY 05/19/2020 $1,216,926 0 0 0
JETSTREAM GROUND SERVICES INC. JUPITER FL 05/19/2020 $13,117,705 0 0 0
LATITUDE AERO LLC GREENSBORO NC 05/21/2020 $150,658 0 0 0
MERCURY AIR CARGO INC TORRANCE CA 05/19/2020 $12,209,963 0 0 0
MONACO AIR DULUTH LLC DULUTH MN 05/20/2020 $596,526 0 0 0
MSN AIR SERVICE INC JAMAICA NY 05/18/2020 $1,182,265 0 0 0
NATIONAL AVIATION SERVICES LLC. MOORESVILLE NC 05/18/2020 $8,339,425 0 0 0
NEW SONOMA FBO INC. SANTA ROSA CA 05/19/2020 $641,220 0 0 0
PACIFIC ATLANTIC HANDLING LLC JAMAICA NY 05/18/2020 $832,304 0 0 0
PACIFIC AVIATION LLC EL SEGUNDO CA 05/21/2020 $12,687,657 0 0 0
PAX ASSIST INC JAMAICA NY 05/20/2020 $6,988,241 0 0 0
RICHMOND JET CENTER INC. RICHMOND VA 05/22/2020 $292,744 0 0 0
SIA ENGINEERING (USA) INC LOS ANGELES CA 05/18/2020 $3,929,425 0 0 0
SUMMIT SECURITY SERVICES INC. UNIONDALE NY 05/19/2020 $5,517,153 0 0 0
TAUGHANNOCK AVIATION CORP ITHACA NY 05/22/2020 $700,425 0 0 0
THOMAS GLOBAL SYSTEMS LLC IRVINE CA 05/18/2020 $576,965 0 0 0
TOTAL AIRPORT SERVICES LLC SPRING TX 05/22/2020 $20,828,745 0 0 0
TREGO DUGAN AVIATION OF GRAND ISLAND INC. GRAND ISLAND NE 05/15/2020 $6,910,746 0 0 0
TRIANGLE AVIATION SERVICES INC VALLEY STREAM NY 05/22/2020 $1,359,409 0 0 0
TRIANGLE SERVICES OF FLORIDA INC VALLEY STREAM NY 05/22/2020 $6,395,074 0 0 0
WESTJET AIR CENTER INC RAPID CITY SD 05/20/2020 $137,836 0 0 0
  1. The location provided is the address included by participants in their applications and may not include all locations in which a recipient operates.
  2. Agreement Date: Date the payroll support agreement was fully executed.
  3. The total anticipated payroll support provided is subject to change as a result of required proration based on availability of program funds.
  4. The note has a duration of 10 years. For passenger air carriers, when applicable, this is equal to 30 percent of the payroll support provided to the participant over $100 million. For cargo air carriers, when applicable, this is equal to 56 percent of the payroll support provided to the participant over $50 million. For contractors, when applicable, this is equal to 44 percent of the payroll support provided to the participant over $37.5 million. For passenger air carriers, cargo air carriers, and contractors, the cash interest rate on the note is 1 percent per year in the first five years, and converts to the Secured Overnight Financing Rate plus 2 percent per year in the last five years. Cash interest on the notes is payable semiannually on March 31 and September 30 of each year beginning on September 30, 2020. For contractors, the note also includes a payment-in-kind interest rate of 3 percent per year in the first five years, with an increase of 1 percentage point per year in years six through ten.
  5. Total Anticipated Number of Warrants: The warrants provide Treasury with the right to purchase shares of common stock or receive a cash payment. The number of warrants required is equal to 10 percent of the principal amount of the note issued by the participant, divided by an exercise price. The exercise price for passenger air carriers is generally equal to the value of the shares as of market close on April 9, 2020. The exercise price for cargo air carriers is equal to the market value of the shares as of market close on May 1, 2020. The warrants are exercisable for a five-year term.
  6. Warrant Exercise Price: The strike price of the warrants.

 

NOTE: Where TBD appears: Total Anticipated Number of Warrants and Warrant Exercise Price to be determined.

NOTE: Additional payroll support terms and conditions may be found in the Payroll Support Program Agreement. Additional award and recipient data will be made available on or around May 29, 2020 at USASpending.gov under Catalog of Federal Domestic Assistance (CFDA) number 21.018.