US could take equity shares in coronavirus-hit airlines: officials - News Summed Up

US could take equity shares in coronavirus-hit airlines: officials


US could take equity shares in coronavirus-hit airlines: officialsUS Treasury Secretary Steven MnuchinWASHINGTON - The US government could take equity shares in airlines and other troubled but vital American corporations as it moves to stabilize an economy amid the new coronavirus pandemic, top US officials said Sunday. White House economics adviser Larry Kudlow said the government should get a stake in companies that receive direct cash grants from the federal government. "I think in return for direct cash grants, which is what the airlines have asked for, I see no reason why the American taxpayer shouldn't get a piece," he said on "Fox News Sunday." Some of these companies may need more significant help and we may be taking warrants or equity as well as that. Half that sum would take the form of loan guarantees, and the rest direct cash payments.


Source: Bangkok Post March 29, 2020 16:18 UTC



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