In response to industry-specific challenges created by the pandemic, the following programs were created for Treasury to provide assistance to passenger air carriers, cargo air carriers, aviation contractors, and national security businesses, under the CARES Act, the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act of 2021.
The CARES Act included provisions for Treasury to provide payments to passenger air carriers, cargo air carriers, and certain contractors that must be exclusively used for the continuation of payment of employee wages, salaries, and benefits (PSP1). The Act authorized the Treasury Department to provide such payroll support in such form, and on such terms and conditions, as determined appropriate.
The following amounts were allocated for payment:
- Passenger air carriers: $25 billion.
- Cargo air carriers: $4 billion.
- Contractors: $3 billion.
The Consolidated Appropriations Act, 2021, enacted on December 27, 2020, created the Payroll Support Program Extension (PSP2) for passenger air carriers and certain contractors.
The following amounts were allocated for payment:
- Passenger air carriers: $15 billion
- Contractors: $1 billions
The ARP was enacted on March 11, 2021, authorizing Treasury to provide additional assistance to passenger air carriers and contractors that received financial assistance under PSP2 (PSP3).
The following amounts were allocated for payment:
- Passenger air carriers: $14 billion
- Eligible contractors: $1 billion
Information for Program Participants:
PSP3 Guidance and Information
PSP2 Guidance and Information
- PSP2 Guidelines and Application Procedures (12/29/20)
- Form of PSP2 Agreement – Passenger Air Carriers
- Form of PSP2 Agreement – Contractors
- PSP2 Frequently Asked Questions (03/10/2021)
- PSP2 Frequently Asked Question (01/19/2021)
PSP1 Guidance and Information
- Guidelines and Application Procedures for Payroll Support to Air Carriers and Contractors (3/30/20)
- Form of Payroll Support Program Agreement
- FAQ Update: Payroll Support to Air Carriers and Contractors (12/16/20)
- FAQ Update: Payroll Support to Air Carriers and Contractors (7/14/20)
- FAQ Update: Payroll Support to Air Carriers and Contractors (4/20/20)
- FAQ: Application Procedures for Payroll Support to Air Carriers and Contractors (4/3/20)
- FAQ Update: Payroll Support to Air Carriers and Contractors (4/3/20)
- FAQ: Payroll Support to Air Carriers and Contractors Under Division A, Title IV, Subtitle B of the CARES Act (4/2/20)
Compliance
Frequently Asked Questions (updated 6/30/2020)
Creating a Certified Digital Identity (7/9/2020)
Data Collection Template Guidance (7/19/2020)
General Questions and CARES Administration Hub Guidance (10/16/2020)
Related Information
- Treasury Announces Payroll Support to Aid Employees of Small Passenger Air Carriers (4/10/20)
- Statement by Secretary Mnuchin on the Payroll Support Program (4/14/20)
- Treasury Finalizes Agreements with Major Airlines, Disburses Initial Payroll Support Program Payments (4/20/20)
- Update on Treasury Implementation of the Payroll Support Program for the Aviation Industry (5/12/2020)
Reports to Congress on the PSP
Report on Pandemic Relief for Aviation Workers (11/01/2020)
Update to the Report on Pandemic Relief for Aviation Workers (03/29/2021)
Report on Pandemic Relief for Aviation Workers (05/01/2021)
Update to the Report on Pandemic Relief for Aviation Workers (12/28/2021)
LOAN PROGRAM
Treasury has published resources for making loans to provide liquidity to eligible businesses related to losses incurred as a result of coronavirus.
Reports to Congress on the loan program are available online.
Program Information
- Procedures and Minimum Requirements for Loans to Air Carriers and Eligible Businesses and National Security Businesses under Division A, Title IV, Subtitle A of the CARES Act (3/30/20)
- FAQ: Loans to Air Carriers and Eligible Businesses and National Security Businesses (4/10/20)
- FAQ Update: Loans to Air Carriers and Eligible Businesses (7/15/20)
Related Press Releases
Treasury Announces Payroll Support to Aid Employees of Small Passenger Air Carriers (4/10/20)