WASHINGTON: Airports encompassing the country will share $8 billion in governmental grants to support them recoup from the epidemic, which caused a sharp drop in air travel and a loss of income that airports benefit from airlines and passengers.
Maximum money will go to big airports with commercial freight service. They will share $6.5 billion based on the number of passengers flying, plus another $800 million to provide rent relief to organizations that function concessions such as food and retail stores in terminals.
Airports must keep at least 90% of the staves they had ahead of the pandemic to gain one of the grants, which will be handled by the Federal Aviation Administration.
Congress sanctioned the money as part of a pandemic-relief action that President Joe Biden sanctioned in March. The Biden authority said the grants would shield airport jobs and construction projects as travel improves.
The FAA said various hundred airports will get endowment, including $175.7 million for Seattle-Tacoma International, $115 million for Philadelphia International, $74.3 million for Daniel K. Inouye International in Honolulu, $56.2 million for St. Louis Lambert International, and $50.6 million for Raleigh-Durham International in North Carolina.
There are about 500 commercial airports in the U.S., as reported to an industry group, Airports Council International-North America, and the group projects that they will miss more than $40 billion from the pandemic by next March.