American details $5.8 billion CARES aid package

American Airlines has finalised the details of its aid package from the US Treasury for the payroll financial assistance program as part of  the Coronavirus Aid, Relief and Economic Security (CARES) ACT. On April 20, American Airlines, and its subsidiaries, Envoy Air, Piedmont Airlines, and PSA Airlines, entered into a Payroll Support Program Agreement with the Treasury, which will see the Federal government pay financial assistance totalling $5.8 billion. The first instalment, of $2.9 billion was made on April 21, and the firm is expecting three further instalments from May to July 2020. As compensation to the  US government for the provision