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Industry-Focused American Rescue Plan Act Summary – Aviation | King & Spalding - Vimarsana News

Industry-Focused American Rescue Plan Act Summary – Aviation | King & Spalding

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 1 (ARP Act) into law, which provides approximately $1.9 trillion in financial assistance to individuals and industries impacted by COVID-19. The ARP Act continues certain payroll support programs contained in the Coronavirus Aid, Relief, and Economic Security Act 2 (CARES Act) and the Consolidated Appropriations Act, 2021 3 (CA Act), and provides an additional payroll support program that includes certain other entities in the aviation industry that were previously ineligible for financial assistance. Specifically,...

Lawmakers Urge Yellen To Release PSP Funds - Vimarsana News

Lawmakers Urge Yellen To Release PSP Funds

 - March 17, 2021, 10:12 AM Reps. Sam Graves (R-Missouri) and Garret Graves (R-Louisiana) joined NATA in their call for the Treasury Department to release Payroll Support Program funds. (Photo: U.S. Department of the Treasury) Republican leaders in the U.S. House joined a growing appeal to the Department of Treasury to release Payroll Support Program (PSP) funding to small carriers. Transportation and Infrastructure Committee ranking Republican Sam Graves (Missouri) and aviation subcommittee ranking Republican Garret Graves (Louisiana) wrote a letter calling on Treasury Secretary Janet Yell...

Analysis: Congress Passes $1.9 Trillion COVID-19 Relief Package - Coronavirus (COVID-19) - Vimarsana News

Analysis: Congress Passes $1.9 Trillion COVID-19 Relief Package - Coronavirus (COVID-19)

To print this article, all you need is to be registered or login on Mondaq.com. Delivering the first major legislative victory for President Biden, Congress passed another COVID-19 relief package that, at a cost of $1.9 trillion, is almost as much as the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act enacted a year ago in March 2020. The American Rescue Plan Act of 2021 will provide another round of stimulus checks to individuals and families, extend federal supplemental unemployment benefits, provide more funding for state and local governments...

Source: mondaq.com
PASSUR® Aerospace Announces Net Income of $135,000 and Third Consecutive Quarter of Operating Profit for the First Quarter Ended January 31, 2021 - Vimarsana News

PASSUR® Aerospace Announces Net Income of $135,000 and Third Consecutive Quarter of Operating Profit for the First Quarter Ended January 31, 2021

PASSUR® Aerospace Announces Net Income of $135,000 and Third Consecutive Quarter of Operating Profit for the First Quarter Ended January 31, 2021 News provided by Share this article Share this article STAMFORD, Conn., March 15, 2021 /PRNewswire/ -- PASSUR® Aerospace, Inc. (OTC: PSSR), a global leader in digital operational excellence, announced revenues of $1,698,000 for the three months ended January 31, 2021, compared with $4,225,000, for the same period in fiscal year 2020, a decrease of $2,527,000 or 60%. The Company had a net income of $135,000, or $0.02 per diluted share, for the thr...

U.S. Aviation Benefits From New COVID Relief Package - Vimarsana News

U.S. Aviation Benefits From New COVID Relief Package

AVweb The $1.9 trillion COVID-19 relief package called the American Rescue Plan was signed by President Biden today and will set up far-reaching economic aid that will directly impact commercial aviation. Some $65 billion of the program is intended to shore up industries that have been hardest hit by the pandemic, including aviation, tourism and restaurants, with aviation sectors slated to get $15 billion of that. In a memo to American Airlines employees, CEO Doug Parker and President Robert Isom said that announced furloughs would not happen, at least for now. “For our 13,0...

Source: avweb.com