Direct grant cash:
— $25 billion for commercial airlines.
— $4 billion for cargo air carriers.
— $3 billion for contractors who employ baggage handlers, wheelchair attendants, cabin cleaners, food service workers and others at airports.
Loans and loan guarantees:
— $25 billion available to passenger airlines.
— $4 billion for cargo air carriers.
— $17 billion in loans and loan guarantees to aerospace "businesses critical to maintaining national security," which industry and congressional sources say in essence means Boeing and its suppliers.
Conditions:
— The companies taking out the loans are prohibited from buying back stock and paying stock dividends during the lifetime of the loan.
— There are limits on compensation, bonuses and golden parachutes for executives earning more than $425,000.
— Recipients of the loans must maintain March 24, 2020, employment levels "to the extent practicable" and under no circumstance can they cut more than 10% of the company's workforce.
— The federal government may require an equity stake in the companies as collateral for the loans.