Airline and National Security Relief Programs

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

 

A list of PSP1 participants, with amounts of assistance provided and, where applicable, financial instruments provided to the Federal Government as appropriate compensation for the provision of financial assistance, is available online.

A list of PSP2 participants, with amounts of assistance provided and, where applicable, financial instruments provided to the Federal Government as appropriate compensation for the provision of financial assistance, is available online.

A list of PSP3 participants, with amounts of assistance provided and, where applicable, financial instruments provided to the Federal Government as appropriate compensation for the provision of financial assistance, is available online.

 

Information for Program Participants:

PSP3 Guidance and Information

PSP2 Guidance and Information

PSP1  Guidance and Information

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

 

Reports to Congress on the PSP

Reports to Congress on the loan program are available online. 

Report on Pandemic Relief for Aviation Workers (11/01/2020)
Update to the Report on Pandemic Relief for Aviation Workers (03/29/2021)
 

LOAN PROGRAM

Treasury has published resources for making loans to provide liquidity to eligible businesses related to losses incurred as a result of coronavirus.

A list of loan program participants along with transaction summaries and documentation is available online.

     

    Program Information

     

    Related Press Releases

    Treasury Announces Payroll Support to Aid Employees of Small Passenger Air Carriers (4/10/20)

    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)