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Republican proposal introduced in the U.S.
Senate on Thursday would grant up to $58 billion in secured loans to help passenger and cargo airlines hit by the coronavirus crisis, but bar cash grants and could result in the government getting equity stakes.
Under the proposal, the U.S. Treasury Department could receive warrants, stock options, or stock as a condition of government assistance in order for the government to participate in gains and be compensated for risks.
"We are not bailing out the airlines or other industries – period," said Senator Richard Shelby, who chairs the appropriations committee.