Airlines appear to come up short in bid to win cash grants in rescue package

WASHINGTON/CHICAGO (Reuters) - A last-ditch effort by the chief executives of major U.S. airlines to try to win cash grants to weather the coronavirus crisis looked to be unsuccessful, four congressional aides and airline officials said late Saturday. Airlines had made a last ditch plea urging that $29 billion of $58 billion sought in assistance for airlines be in the form of cash grants. The CEOs of 10 U.S. passenger and cargo carriers had said in a letter that without direct cash assistance, "draconian measures" such as furloughs may be necessary.

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