Report on Pandemic Relief for Aviation Workers (05/01/2021)
Summary
A Treasury report dated May 1, 2021 on pandemic relief for aviation workers under section 409 of the Consolidated Appropriations Act, 2021, enacted December 27, 2020, covering financial assistance to passenger air carriers and contractors under the payroll support program extension (PSP2). It describes the assistance provided, reports filed by recipients, audits and non-compliance, and clawbacks, with information current as of April 30, 2021. It states that the Act authorizes up to $15 billion for passenger air carriers and up to $1 billion for certain contractors, and that Treasury has not implemented any clawbacks of PSP2 funds but has authority to recoup funds from participants that violate program requirements.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Full text
Report on Pandemic Relief for Aviation Workers
Pursuant to Section 409 of the
Consolidated Appropriations Act, 2021
May 1, 2021
Introduction
This report is issued on the financial assistance provided to passenger air carriers and contractors
(PSP2) under section 409 of the Consolidated Appropriations Act, 2021 (the Act), which was
enacted on December 27, 2020. As required by section 409, this report describes the financial
assistance provided under PSP2; reports filed by recipients under PSP2; audits of recipients
under PSP2 and instances of recipient non-compliance with PSP2 requirements; and clawbacks of
financial assistance provided to recipients under PSP2. Information is this document is current as
of April 30, 2021.
Description of Financial Assistance Provided Under PSP2
The Act authorizes Treasury to provide up to $15 billion to passenger air carriers and up to $1
billion to certain contractors 1 under PSP2. 2
Treasury issued guidelines and applications procedures for PSP2 on December 29, 2020 – two
days after the Act was enacted. Treasury began receiving applications for PSP2 assistance on
January 7, 2021, and on January 15, 2021, entered into the first PSP2 agreements with 12
applicants that received almost 90 percent of the total PSP2 funds. As shown on the table below,
Treasury has approved a total of $15.6 billion in PSP2 assistance for 448 participants: $14.8
billion for 282 passenger air carriers and $0.8 billion for 166 contractors. See Appendix A for a
list of all PSP2 participants.
Number of PSP2 Participants and Amounts by Type
Participants Total Anticipated
Payroll Support
Passenger Air Carriers 282 $14,772,770,810
Contractors 166 $832,798,665
Total 448 $15,605,569,475
1 Section 401(2) of the Act defines “contractor” as a person that performs, under contract with a passenger air carrier conducting
operations under 14 CFR part 121, (1) catering functions or (2) functions on the property of an airport that are directly related to
the air transportation of persons, property, or mail, including, but not limited to, THE loading and unloading of property on
aircraft, assistance to passengers under 14 CFR part 382, security, airport ticketing and check-in functions, ground-handling of
aircraft, or aircraft cleaning and sanitization functions and waste removal. A subcontractor that performs such functions is also
within the definition of “contractor.”
2
PSP2 is one of three similar programs authorized in 2020 and 2021 to assist air carriers and certain contractors. The two other
programs are the Payroll Support Program (PSP1) that was authorized under Division A, Title IV, Subtitle B of the Coronavirus
Aid, Relief, and Economic Security Act (CARES Act), under which Treasury provided more than $28 billion to 612 recipients in
2020, and the third Payroll Support Program (PSP3), under the American Rescue Plan Act of 2021 (ARP), which authorized
Treasury to provide up to an additional $15 billion to passenger air carriers and contractors that participated in PSP2.
1
Lists of PSP2 participants and additional information on PSP1, PSP2, and PSP3 is available at
https://home.treasury.gov/policy-issues/coronavirus/assistance-for-american-industry/airline-
and-national-security-relief-programs
Requirements on PSP2 Participants
Treasury required all approved PSP2 participants to enter into standard form Payroll Support
Program Agreements (PSP2 Agreements), which provide the program terms and conditions. 3
Among other requirements, under the PSP2 Agreements, all PSP2 participants must:
• Use the PSP2 funds exclusively for the continuation of employee wages, salaries, and
benefits.
• Not conduct involuntary terminations or furloughs of employees, through March 31,
2021.
• Not reduce pay rates or benefits of employees, through March 31, 2021.
• Ensure that neither the participant nor any affiliate entity purchases an equity security of
the participant or any direct or indirect parent company of the participant that, in either
case, is listed on a national securities exchange, through March 31, 2022.
• Not pay dividends, nor make other capital distributions, with respect to its common
stock (or equivalent interest), through March 31, 2022;
• Restrict the compensation of certain employees whose total compensation exceeded
$425,000 in 2019, through October 1, 2022; and
• Provide quarterly written reports, and additional information as requested, to Treasury.
In addition, passenger air carriers that participate in PSP2 are required to maintain certain
scheduled air transportation service as directed by the Secretary of Transportation, until March 1,
2022.
PSP2 recipients were also required to recall 4 and compensate certain employees who had
previously been involuntarily terminated or furloughed. Specifically, within 72 hours after
entering into a PSP2 Agreement with Treasury, passenger carriers and contractors are required to
recall any employees who they had involuntarily terminated or furloughed between March 27,
2020 (for PSP2 participants that did not receive financial assistance under PSP1) or October 1,
2020 (for PSP2 participants that received financial assistance under PSP1), and the date of the
3
The form of PSP2 Agreement for passenger air carriers is available at
https://home.treasury.gov/system/files/136/FormofPayrollSupportAgreementPassengerAirCarriers.pdf, and the form
of PSP2 Agreement for contractors is available at
https://home.treasury.gov/system/files/136/FormofPayrollSupportAgreementContractors.pdf.
4
“Recall” is defined in the Act as the dispatch of a notice via mail, courier, or e-mail, to an involuntarily terminated
or furloughed employee notifying the employee that (1) the employee must, within a specified period of time, elect
either (a) to return to employment or bypass return to employment, in accordance with an applicable collective
bargaining agreement or, in the absence of a collective bargaining agreement, company policy; or (b) to permanently
separate from employment with the passenger air carrier or contractor; and (2) failure to respond within such time
period specified shall be considered an election to permanently separate from employment with the passenger air
carrier or contractor.
2
participant’s PSP2 Agreement. Participants are required to enable recalled employees to return
to employment within 30 days after electing to do so.
Each PSP2 participant must also provide all recalled employees who return to employment with
compensation for lost pay and benefits between December 1, 2020, and the date of the
participant’s PSP2 Agreement. 5 Each PSP2 participant also must restore the rights and
protections for any returning employees as if the employees had not been involuntarily
terminated or furloughed. Treasury required all PSP2 participants to provide documentary
evidence of having met these employee recall requirements.
Like under PSP1 and PSP3, PSP2 participants receiving the largest amounts of funding under the
program are required to issue to Treasury notes and, in some cases, warrants to purchase shares
of common stock, as compensation to taxpayers for the assistance provided. Treasury will
continue to receive additional notes and warrants as additional assistance under PSP2 is
disbursed. Appendix B lists the 20 PSP2 participants that have provided Treasury with financial
instruments as taxpayer compensation.
Reports Filed by PSP2 Participants
The PSP2 Agreements require PSP2 participants to submit quarterly reports to Treasury
containing the following information:
• The amount of PSP2 funds expended during the quarter.
• The participant’s financial statements (audited by an independent certified public
accountant, in the case of annual financial statements 6).
• A copy of the participant’s IRS Form 941 filed with respect to such quarter.
• A detailed summary describing, with respect to the participant, (a) any changes in
employee headcount during the quarter and the reasons therefor, including any
involuntary termination or furlough, (b) any changes in the amounts spent by the
participant on employee wages, salary, and benefits during the quarter, and (c) any
changes in total compensation for, and any severance pay or other benefits in connection
with the termination of, corporate officers and employees subject to limitation under the
PSP2 Agreement during the quarter; and the reasons for any such changes.
Each PSP2 participant’s quarterly reports must include certifications signed by an authorized
signatory that the participant is in full compliance with the terms and conditions of the PSP2
Agreement.
5
The amount of compensation for lost pay and benefits is to be offset by any amounts the returning employee had
received from a passenger air carrier or contractor as a result of the employee’s termination or furlough, including,
but not limited to, furlough pay, severance pay, or separation pay
6
If a recipient does not prepare audited financial statements in the ordinary course of its business, Treasury permits
the recipient to submit certified unaudited financial statements.
3
The PSP2 quarterly reports are required to be submitted to Treasury within 45 days after the end
of the calendar quarter for the first three quarters of the calendar year and 90 days after the end
of each calendar year.
Audits of PSP2 Participants and Instances of Non-Compliance
As noted above, the first quarterly reports required to be submitted under PSP2 are due by May
15, 2021. Consequently, as of the date of issuance of this report, Treasury has not received any
PSP2 quarterly reports.
The quarterly reports will provide Treasury with information about each participant’s uses of
PSP2 funds between the date of the participant’s PSP2 agreement and March 31, 2021. Upon
receipt of the quarterly reports, Treasury will review them with respect to each participant’s
compliance with certain terms of the PSP2 agreements.
Where potential violations of program requirements are identified, Treasury will take appropriate
remedial action.
Since the establishment of PSP2, Treasury has implemented compliance reviews to ensure that
the PSP2 participants have complied with certain terms of the PSP2 Agreements, including the
requirement to register with SAM.gov within seven days after executing the PSP Agreement.
Treasury has identified seven PSP2 participants that had not complied with this requirement on a
timely basis, and each of the seven entities took corrective action and are now in compliance.
Clawbacks of Financial Assistance Under PSP2
While Treasury has not implemented any clawbacks of PSP2 funds, Treasury has authority under
the PSP2 Agreement to recoup PSP2 funds disbursed to participants that violate the requirements
under the program.
In addition to recoupment, Treasury may also reduce disbursements to a PSP2 participant if
Treasury determines that the participant violated the program requirements.
4
Appendix A:
Table 1 – PSP2 Passenger Air Carriers
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
ALASKA SKYWAYS INC ANCHORAGE AK 2/26/2021 $173,533
ALPHA AVIATION LLC ANCHORAGE AK 2/23/2021 $189,816
ALPINE AIR ALASKA LLC GIRDWOOD AK 2/23/2021 $577,067
BERING AIR INC. NOME AK 2/23/2021 $3,736,260
BRANCH RIVER AIR SERVICE INC. ANCHORAGE AK 2/25/2021 $96,631
COASTAL HELICOPTERS INC. JUNEAU AK 2/1/2021 $1,074,825
CORVUS AIRLINES INC ANCHORAGE AK 4/5/2021 $10,478,223
COYOTE AIR LLC FAIRBANKS AK 2/23/2021 $50,625
EGLI AIR HAUL INC. KING SALMON AK 2/5/2021 $119,625
GRANT AVIATION INC. ANCHORAGE AK 2/26/2021 $3,509,435
ISLAND WINGS AIR SERVICE LLC KETCHIKAN AK 4/7/2021 $79,380
JEFFREY JOHN CARLIN KETCHIKAN AK 3/24/2021 $92,866
K BAY AIR LLC HOMER AK 3/24/2021 $327,730
KALININ AVIATION LLC JUNEAU AK 2/23/2021 $1,817,033
NORTHSTAR TREKKING LLC KETCHIKAN AK 2/1/2021 $918,203
NORTHWIND AVIATION LLC HOMER AK 2/23/2021 $37,514
PAKLOOK AIR INC. BETHEL AK 2/23/2021 $897,332
PATHFINDER AVIATION LLC ANCHORAGE AK 2/9/2021 $1,589,005
PM AIR LLC KETCHIKAN AK 2/10/2021 $214,708
REDEMPTION INC. KODIAK AK 2/23/2021 $437,041
RENFRO'S ALASKAN ADVENTURES INC. BETHEL AK 4/7/2021 $44,113
SCOTT AIR LLC CRAIG AK 2/5/2021 $630,098
SMOKEY BAY AIR INC. HOMER AK 2/26/2021 $245,812
SPERNAK AIRWAYS INC ANCHORAGE AK 2/23/2021 $166,396
TEMSCO HELICOPTERS INC. KETCHIKAN AK 2/1/2021 $3,261,260
TRAIL RIDGE AIR INC. ANCHORAGE AK 3/11/2021 $86,315
5
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
ULTIMA THULE INC CHITINA AK 2/23/2021 $200,184
VENTURE TRAVEL LLC KETCHIKAN AK 3/9/2021 $965,046
VERTICAL SOLUTIONS LLC GIRDWOOD AK 2/23/2021 $60,160
WARBELOW'S AIR VENTURES INC. FAIRBANKS AK 2/23/2021 $610,735
WARD AIR INC. JUNEAU AK 3/24/2021 $382,405
WINGS AIRWAYS LLC JUNEAU AK 2/23/2021 $432,489
WRIGHT AIR SERVICE INC. FAIRBANKS AK 3/9/2021 $1,524,839
JET SERVICES INC. MOBILE AL 3/9/2021 $184,654
SOUTHERN SKY AVIATION CHARTERS LLC BIRMINGHAM AL 2/12/2021 $253,814
CENTRAL FLYING SERVICE INC. LITTLE ROCK AR 3/24/2021 $1,068,562
MIKE MOSER INC. ROGERS AR 4/19/2021 $72,920
ALANTE AIR CHARTER LLC SCOTTSDALE AZ 3/9/2021 $384,144
CUTTER FLIGHT MANAGEMENT INC. PHOENIX AZ 3/24/2021 $376,816
MESA AIRLINES INC. PHOENIX AZ 2/5/2021 $55,967,320
WORLDWIDE JET CHARTER INC PHOENIX AZ 2/1/2021 $2,909,291
ADVANCED AIR LLC HAWTHORNE CA 3/19/2021 $1,766,268
AIR 7 LLC CAMARILLO CA 2/9/2021 $877,045
AIR RUTTER INTERNATIONAL LLC LONG BEACH CA 3/9/2021 $1,337,101
AVIATION CONSULTANTS INC. SAN LUIS OBISPO CA 3/24/2021 $5,389,585
BOUTIQUE AIR SAN FRANCISCO CA 2/9/2021 $5,565,886
C.C. CALZONE LLC SANTA ANA CA 4/12/2021 $361,724
CHANNEL ISLANDS AVIATION INC. CAMARILLO CA 2/5/2021 $654,706
CLAY LACY AVIATION INC. VAN NUYS CA 2/25/2021 $18,456,175
CTP AVIATION LLC HAYWARD CA 3/9/2021 $774,494
DESERT JET CHARTER LLC THERMAL CA 2/1/2021 $692,360
DREAMLINE AVIATION VAN NUYS CA 2/17/2021 $1,069,148
ELDORADO AIR LLC SACRAMENTO CA 3/29/2021 $730,629
FLIGHT LEVEL AVIATION LLC FRESNO CA 2/10/2021 $71,863
GOLDEN STATE JET LLC VAN NUYS CA 4/1/2021 $212,014
6
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
HELINET AVIATION SERVICES LLC VAN NUYS CA 3/30/2021 $1,995,398
JET METHODS INC. CARLSBAD CA 3/24/2021 $242,917
LATITUDE 33 AVIATION LLC CARLSBAD CA 3/24/2021 $1,448,203
LOYD'S AVIATION BAKERSFIELD CA 2/5/2021 $541,943
MCLEAN AVIATION SERVICES INC. NAPA CA 3/12/2021 $140,243
MODESTO EXECUTIVE AIR CHARTER INC. MODESTO CA 2/11/2021 $537,067
MTE AIR VENTURES INC SAN CARLOS CA 2/11/2021 $77,913
NEXJET CORPORATION LONG BEACH CA 4/7/2021 $77,219
PACIFIC COAST JET LLC (PARENT COMPANY OF PCJ AVIATION
LLC) OAKLAND CA 2/1/2021 $1,330,638
PEGASUS ELITE AVIATION INC. VAN NUYS CA 2/2/2021 $2,538,578
PLANET NINE PRIVATE AIR LLC VAN NUYS CA 3/24/2021 $2,705,391
REGENCY AIR LLC SANTA ANA CA 4/19/2021 $450,260
SACRAMENTO EXECUTIVE HELICOPTERS INC. ELK GROVE CA 2/12/2021 $346,083
SCOTT AVIATION LLC FRESNO CA 3/24/2021 $2,372,745
SP AVIATION INC OAKLAND CA 2/5/2021 $255,382
STARJET INC. LOS ANGELES CA 2/1/2021 $190,015
SUN AIR JETS LLC CAMARILLO CA 2/12/2021 $2,511,899
SUPERIOR TRANSPORTATION ASSOCIATES INC COSTA MESA CA 2/5/2021 $2,523,006
TANGO AIR INC. CARLSBAD CA 2/11/2021 $767,281
TRANS-EXEC AIR SERVICE INC VAN NUYS CA 3/11/2021 $1,255,496
WESTERN AIR CHARTER INC. VAN NUYS CA 2/11/2021 $9,935,422
ASI CHARTER INC. ENGLEWOOD CO 4/15/2021 $310,075
FRONTIER AIRLINES INC DENVER CO 1/15/2021 $161,083,131
INTERNATIONAL JET AVIATION SERVICES INC. CENTENNIAL CO 2/16/2021 $691,052
KEY LIME AIR CORPORATION ENGLEWOOD CO 2/5/2021 $3,191,178
MOSER AVIATION LLC ENGLEWOOD CO 2/5/2021 $300,504
PRIME JET US LLC ENGLEWOOD CO 3/9/2021 $1,499,544
TRADEWIND AVIATION LLC OXFORD CT 2/11/2021 $2,557,667
AERO WAYS INC. NEW CASTLE DE 2/11/2021 $1,084,899
7
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
DUMONT AIRCRAFT CHARTER LLC NEW CASTLE DE 3/24/2021 $2,032,752
DUMONT AVIATION GROUP INC NEW CASTLE DE 4/13/2021 $709,410
ACE AVIATION SERVICES CORP FORT LAUDERDALE FL 2/1/2021 $1,364,886
AIR GATO ENTERPRISES INC. CLEARWATER FL 4/2/2021 $1,007,404
AIR TREK INC. PUNTA GORDA FL 2/3/2021 $468,165
AIRCRAFT EVALUATION & MANAGEMENT INC. ORLANDO FL 4/19/2021 $205,557
NEW SMYRNA
AIRGATE AVIATION INC. BEACH FL 4/7/2021 $231,801
CARIBBEAN SUN AIRLINES INC MIAMI SPRINGS FL 3/1/2021 $3,708,833
CATALINA AEROSPACE CORPORATION N MIAMI FL 2/3/2021 $148,670
EASTERN AIR EXPRESS INC MIRAMAR FL 2/17/2021 $40,327
ELITE AIR INC. SAINT PETERSBURG FL 3/24/2021 $1,463,795
EXECUTIVE AIRLINK INC WEST PALM BEACH FL 4/14/2021 $73,596
EXECUTIVE AVIATION CORPORATION MIAMI FL 2/5/2021 $426,077
GLOBAL JETCARE INC BROOKSVILLE FL 3/24/2021 $856,215
JANNUS AIR INC TAMPA FL 2/3/2021 $34,650
JET ACCESS AVIATION LLC WEST PALM BEACH FL 2/1/2021 $1,456,576
JETEX LLC STUART FL 3/2/2021 $133,556
MIAMI AIR INTERNATIONAL INC. MIAMI FL 4/14/2021 $7,501,380
PANTHER AVIATION INC NAPLES FL 3/19/2021 $133,376
PREMIER AIR INC. STUART FL 2/5/2021 $763,534
PRESIDENTIAL AVIATION INC FORT LAUDERDALE FL 2/5/2021 $2,032,002
PRIVATEFLY LLC FORT LAUDERDALE FL 4/2/2021 $105,427
REVA INC. FORT LAUDERDALE FL 2/17/2021 $3,812,595
SEABORNE VIRGIN ISLANDS INC. HOLLYWOOD FL 2/9/2021 $2,596,363
SILVER AIRWAYS LLC HOLLYWOOD FL 2/9/2021 $9,266,015
SKY ONE HOLDINGS LLC BOCA RATON FL 4/28/2021 $1,312,708
SOUTHERN AIRWAYS EXPRESS LLC POMPANO BEACH FL 3/9/2021 $5,283,706
SPIRIT AIRLINES INC. MIRAMAR FL 1/15/2021 $212,130,753
SWIFT AIR LLC MIAMI FL 3/2/2021 $12,386,673
8
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
TROPIC OCEAN AIRWAYS LLC FORT LAUDERDALE FL 2/5/2021 $1,174,375
WALKABOUT AIR INC TAMPA FL 2/5/2021 $98,017
WORLDWIDE AIRCRAFT SERVICES INC TAMPA FL 4/7/2021 $595,576
XOJET AVIATION FORT LAUDERDALE FL 2/17/2021 $10,271,765
AIRSTAR INC. BISHOP GA 2/9/2021 $212,894
CCM COMPANY HOLDINGS INC LAWRENCEVILLE GA 4/1/2021 $1,672,437
DELTA AIR LINES INC. ATLANTA GA 1/15/2021 $3,290,410,981
ROTORWORKS LLC HIRAM GA 2/3/2021 $75,193
HAWAII PACIFIC AVIATION INC. KAILUA KONA HI 4/28/2021 $471,368
HAWAIIAN AIRLINES INC. HONOLULU HI 1/15/2021 $192,658,000
JACK HARTER HELICOPTERS INC LIHUE HI 2/5/2021 $780,910
K&S HELICOPTERS INC KAILUA KONA HI 2/3/2021 $1,248,147
MID-PACIFIC AIR SERVICE LLC HONOLULU HI 2/12/2021 $122,172
NOVICTOR AVIATION LLC HONOLULU HI 2/12/2021 $279,385
PACIFIC HELICOPTER TOURS INC. PU UNENE HI 3/24/2021 $450,792
MIDWEST FLYING SERVICE INC SHELDON IA 2/5/2021 $51,612
AVCENTER INC POCATELLO ID 3/9/2021 $603,912
MCCALL AVIATION INC. MCCALL ID 2/11/2021 $156,032
PRECISION AVIATION INC. KIMBERLY ID 2/5/2021 $64,222
AEROCARE MEDICAL TRANSPORT SYSTEMS INC. SUGAR GROVE IL 4/7/2021 $777,401
AVIATION ADVISOR INC. ANTICOH IL 3/9/2021 $881,267
DUPAGE AEROSPACE CORPORATION WEST CHICAGO IL 4/2/2021 $592,192
JET AIR INC. GALESBURG IL 2/16/2021 $788,798
NORTHERN ILLINOIS FLIGHT CENTER INC WHEELING IL 2/1/2021 $666,587
PRIESTER AVIATION LLC WHEELING IL 2/11/2021 $2,875,536
UNITED AIRLINES INC. CHICAGO IL 1/15/2021 $3,001,196,216
VALLEY AIR SERVICE INC. GENEVA IL 3/11/2021 $35,766
COLEMAN JET LLC GARY IN 2/11/2021 $194,583
FIRST WING MANAGEMENT LLC INDIANAPOLIS IN 2/5/2021 $367,277
9
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
REPUBLIC AIRWAYS INC. INDIANAPOLIS IN 1/15/2021 $130,416,748
EXECUTIVE FLIGHT SERVICES LLC LENEXA KS 3/19/2021 $3,754,495
CREW AVIATION LLC LOUISVILLE KY 2/9/2021 $342,494
NEXGEN AVIATION LLC LEXINGTON KY 2/9/2021 $256,051
TRITON AIRWAYS LLC LEXINGTON KY 3/5/2021 $236,031
JPS AVIATION LLC MONROE LA 2/26/2021 $393,269
METRO AVIATION INC. SHREVEPORT LA 2/1/2021 $28,065,812
ROTORCRAFT LEASING COMPANY LLC BROUSSARD LA 2/11/2021 $4,378,950
AIR-TAXI SERVICE AND SUPPORT LLC BEDFORD MA 4/5/2021 $65,923
HYANNIS AIR SERVICE INC HYANNIS MA 3/24/2021 $13,686,364
PRO AIRWAYS LLC. PLYMOUTH MA 2/9/2021 $392,376
SENTIENT JET CHARTER LLC QUINCY MA 4/13/2021 $1,013,690
SENTIENT JET LLC QUINCY MA 4/2/2021 $3,713,539
SHORELINE AVIATION INC. MARSHFIELD MA 3/24/2021 $721,330
EAST COAST FLIGHT SERVICES. INC. EASTON MD 3/12/2021 $162,130
GRANDVIEW AVIATION LLC MIDDLE RIVER MD 3/30/2021 $883,149
K&R AVIATION LLC DBA OPENAIR GAITHERSBURG MD 2/5/2021 $93,540
SKYTECH TRAVEL LLC WESTMINSTER MD 2/11/2021 $255,896
TRIDENT AIRCRAFT INC. EASTON MD 3/12/2021 $514,211
ELITE AIRWAYS LLC PORTLAND ME 2/1/2021 $6,825,440
MCPHILLIPS FLYING SERVICE INC. CHARLEVOIX MI 2/16/2021 $198,452
NORTH COUNTRY AVIATION INC. GAYLORD MI 4/5/2021 $146,781
NORTHERN JET MANAGEMENT INC. GRAND RAPIDS MI 2/10/2021 $1,991,649
PARADIGM JET MANAGEMENT INC. MUSKEGON MI 2/5/2021 $641,077
PENTASTAR AVIATION CHARTER INC. WATERFORD MI 2/9/2021 $472,490
RAI JETS LLC STURGIS MI 3/12/2021 $176,720
TULIP CITY AIR SERVICE INC HOLLAND MI 4/14/2021 $714,645
BRAINERD HELICOPTER SERVICES INC BRAINERD MN 4/5/2021 $220,679
CLUB JET CHARTER LLC EDEN PRAIRIE MN 2/1/2021 $720,359
10
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
SCOTTS HELICOPTER SERVICES INC LE SUEUR MN 2/17/2021 $611,109
SUN COUNTRY INC. DBA SUN COUNTRY AIRLINES MINNEAPOLIS MN 2/1/2021 $37,039,812
GOJET AIRLINES LLC BRIDGETON MO 2/1/2021 $21,460,617
STAR MARIANAS AIR INC. TINIAN MP 3/12/2021 $827,414
SUMMIT AVIATION INC. BELGRADE MT 2/1/2021 $686,912
CAUSEY AVIATION SERVICE INC. LIBERTY NC 2/1/2021 $678,805
DAVINCI JETS LLC CHARLOTTE NC 4/5/2021 $1,613,926
EXCLUSIVE JETS LLC KINSTON NC 3/24/2021 $4,791,833
FLYCAROLINA LLC CHARLOTTE NC 3/9/2021 $230,714
JEM AIR HOLDINGS LLC RALEIGH NC 2/11/2021 $110,516
SKY NIGHT LLC KINSTON NC 4/28/2021 $187,915
EXECUTIVE AIR TAXI CORPORATION BISMARCK ND 2/12/2021 $429,441
JET LINX AVIATION LLC OMAHA NE 2/9/2021 $13,944,067
TREGO DUGAN AVIATION INC. NORTH PLATTE NE 2/17/2021 $486,680
COBALT AIR LLC PORTSMOUTH NH 2/5/2021 $4,795,141
ELEVATE JET. LLC SEABROOK NH 2/5/2021 $510,332
JOE BRIGHAM INC. PEMBROKE NH 4/5/2021 $669,395
JET LEASING INC. OAKLAND NJ 4/12/2021 $367,920
SUNNYFIELD AVIATION ASSOCIATES LLC MORRISTOWN NJ 2/9/2021 $70,617
MED FLIGHT AIR AMBULANCE INC. ALBUQUERQUE NM 4/15/2021 $473,661
ALLEGIANT AIR LLC LAS VEGAS NV 1/15/2021 $105,521,953
EL AERO SERVICES LLC ELKO NV 2/11/2021 $284,681
GREAT WESTERN AIR LLC LAS VEGAS NV 2/25/2021 $1,301,346
STEELMAN AVIATION INC LAS VEGAS NV 3/24/2021 $349,159
ALTIUS AVIATION LLC SYRACUSE NY 3/9/2021 $223,971
GO AVIATION INC. SARANAC LAKE NY 2/5/2021 $113,994
HOPSCOTCH AIR INC WHITE PLAINS NY 2/5/2021 $78,582
JETBLUE AIRWAYS CORPORATION LONG ISLAND CITY NY 1/15/2021 $580,235,932
MERCY FLIGHT CENTRAL INC. CANANDAIGUA NY 2/5/2021 $1,020,371
11
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
NORTHEASTERN AVIATION CORP. FARMINGDALE NY 2/16/2021 $1,300,028
PIONEER BUSINESS SERVICES LLC NEWBURGH NY 3/24/2021 $770,682
TAILWIND AIR LLC RYE BROOK NY 2/3/2021 $500,015
TALON AIR LLC FARMINGDALE NY 3/11/2021 $3,621,095
THUNDERUN AVIATION CORPORATION GLENWOOD NY 2/1/2021 $136,732
VENTURA AIR SERVICES INC. FARMINGDALE NY 2/3/2021 $369,248
WINGS AIR LLC DBA WINGS AIR HELICOPTERS LLC HARRISON NY 2/5/2021 $139,131
AITHERAS AVIATION GROUP LLC CLEVELAND OH 3/29/2021 $781,637
CAPITAL CITY JET CENTER INC COLUMBUS OH 2/17/2021 $238,330
CHAMPLAIN ENTERPRISES LLC NORTH OLMSTED OH 4/13/2021 $21,124,832
CROW EXECUTIVE AIR INC MILLBURY OH 4/7/2021 $131,463
FLEXJET LLC CLEVELAND OH 4/2/2021 $49,739,156
SKY QUEST LLC CLEVELAND OH 2/5/2021 $1,532,007
AMERICAN JET CHARTER INC. BETHANY OK 2/5/2021 $106,124
OKLAHOMA AVIATION LLC BETHANY OK 4/1/2021 $188,775
OMNI AIR INTERNATIONAL LLC TULSA OK 2/3/2021 $43,020,433
COLUMBIA HELICOPTERS INC. AURORA OR 2/11/2021 $23,234,847
GLOBAL AVIATION INC. HILLSBORO OR 2/11/2021 $1,118,321
PACJET INC GRANTS PASS OR 3/29/2021 $38,329
PRECISION LLC MCMINNVILLE OR 2/1/2021 $997,402
PREMIER JETS INC. HILLSBORO OR 4/19/2021 $669,467
AIRCRAFT MANAGEMENT GROUP MOON TOWNSHIP PA 2/5/2021 $819,449
CORPORATE AIR LLC WEST MIFFLIN PA 3/9/2021 $1,904,079
EAST COAST JETS INC ALLENTOWN PA 3/9/2021 $552,583
EASTERN AIRLINES LLC WAYNE PA 2/9/2021 $5,604,524
HOLMAN LEASING SYSTEMS INC ZELIENOPLE PA 2/5/2021 $539,703
L.J. ASSOCIATES INC. LATROBE PA 2/5/2021 $2,158,013
PUBLIC CHARTERS INC. AVOCA PA 2/1/2021 $72,885
TRUE AVIATION CHARTER SERVICES LLC GOULDSBORO PA 3/9/2021 $283,239
12
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
M&N AVIATION INC CAROLINA PR 2/9/2021 $189,101
VIEQUES AIR LINK INC. VIEQUES PR 2/9/2021 $442,555
HELICOPTER SOLUTIONS INC. MYRTLE BEACH SC 3/2/2021 $328,999
JET LOGISTICS INC. JOHNS ISLAND SC 2/5/2021 $538,819
ABERDEEN FLYING SERVICE ABERDEEN SD 2/10/2021 $163,414
CAPITAL CITY AIR CARRIER INC. PIERRE SD 2/9/2021 $214,278
CORPORATE FLIGHT MANAGEMENT INC SMYRNA TN 3/9/2021 $4,654,188
HESSJET LLC MCDONALD TN 2/3/2021 $67,601
JETRIGHT AEROSPACE HOLDINGS LLC NASHVILLE TN 3/29/2021 $548,012
AIR CENTER HELICOPTER INC. BURLESON TX 3/24/2021 $6,432,457
ALAMO HELICOPTER TOURS SAN ANTONIO LLC SAN ANTONIO TX 2/1/2021 $16,295
AMERICAN AIRLINES INC. FORT WORTH TX 1/15/2021 $3,549,766,770
AMERICAN JET INTERNATIONAL CORP HOUSTON TX 2/9/2021 $1,001,367
AVALAIR AIRCRAFT MANAGEMENT LLC HOUSTON TX 2/3/2021 $236,116
CAPITAL JET INC. HOUSTON TX 3/16/2021 $63,007
CAREFLITE GRAND PRAIRIE TX 2/9/2021 $10,271,421
COCKRELL RESOURCES INC. HOUSTON TX 3/16/2021 $1,120,219
DELUX PUBLIC CHARTER LLC DALLAS TX 4/7/2021 $6,235,570
HASKIN AVIATION LLC MIDLAND TX 2/5/2021 $115,045
MENAGERIE ENTERPRISES INC ADDISON TX 4/1/2021 $277,801
MOUNTAIN HIGH AVIATION LLC SAN ANTONIO TX 3/2/2021 $86,562
NORTH DALLAS AVIATION INC. ADDISON TX 2/18/2021 $250,792
OHARA AVIATION MANAGEMENT SERVICES L.C. MCKINNEY TX 3/1/2021 $1,325,973
RR INVESTMENTS INC. DBA MILLION AIR DALLAS ADDISON TX 2/5/2021 $2,789,545
SOUTHWEST AIRLINES CO. DALLAS TX 1/15/2021 $1,986,475,960
STARFLITE MANAGEMENT GROUP INC HOUSTON TX 2/17/2021 $579,634
STERLING AIR SERVICE LLC CORPUS CHRISTI TX 2/9/2021 $299,667
STEWART DARYL G DBA CHARTER ONE HOUSTON TX 3/24/2021 $109,994
SUPERIOR AIR CHARTER LLC. DALLAS TX 4/7/2021 $4,386,444
13
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
THUNDERBIRD AIRWAYS INC. HOUSTON TX 2/17/2021 $23,982
TIDAL AVIATION LLC BROOKSHIRE TX 4/19/2021 $193,733
TODDCOE ENTERPRISES LLC NEW BRAUNFELS TX 2/9/2021 $89,714
TOWER AVIATION MANAGEMENT LLC DBA A2V PFLUGERVILLE TX 2/5/2021 $180,915
WING AVIATION CHARTER SERVICES LLC HOUSTON TX 2/9/2021 $3,299,507
WORLD CLASS JET LLC DALLAS TX 2/9/2021 $559,442
AMERICAN AVIATION INC. WOODS CROSS UT 3/24/2021 $190,269
REDTAIL AIR INC MOAB UT 4/7/2021 $279,223
SKYWEST AIRLINES INC. ST. GEORGE UT 1/15/2021 $268,069,807
CHANTILLY AIR INC. MANASSAS VA 4/19/2021 $942,826
DOMINION AVIATION SERVICES INC. RICHMOND VA 3/29/2021 $985,864
MARTINAIR INC. RICHMOND VA 3/9/2021 $757,172
BOHLKE LLC ST. CROIX VI 4/19/2021 $874,877
ALASKA AIRLINES INC. SEATTLE WA 1/15/2021 $612,685,500
ISLAND AIR INC. FRIDAY HARBOR WA 3/5/2021 $344,939
KENMORE AIR HARBOR LLC KENMORE WA 3/11/2021 $1,979,970
RITE BROS. AVIATION INC. PORT ANGELES WA 3/9/2021 $108,371
SAN JUAN AIRLINES (RUGBY AVIATION LLC) BELLINGHAM WA 2/11/2021 $244,740
AIR WISCONSIN AIRLINES LLC APPLETON WI 3/24/2021 $35,733,867
CHEMAIR HELICOPTERS INC. JEFFERSON WI 3/24/2021 $98,876
JET OUT LLC MILWAUKEE WI 2/2/2021 $89,853
RED WING AEROPLANE LLC BAY CITY WI 3/1/2021 $1,878,582
SC AVIATION INC. MONROE WI 2/23/2021 $3,213,228
MOUNTAIN AIR SERVICES LLC MORGANTOWN WV 3/31/2021 $69,725
1. In certain cases where multiple affiliated entities were approved as eligible recipients, only one affiliate or a parent company is listed.
2. The location provided is the address included by participants in their applications and may not include all locations in which a recipient operates.
3. Agreement Date is the date the PSP2 agreement was fully executed.
4. Total Anticipated Payroll Support is the total amount of payroll support expected to be provided to the participant in PSP2.
14
Table 2 – PSP2 Contractors
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
BAC TRANSPORTATION LLC ANCHORAGE AK 3/2/2021 $416,111
OMNI LOGISTICS INC. FAIRBANKS AK 3/19/2021 $152,237
GLOBAL K9 PROTECTION GROUP LLC OPELIKA AL 3/11/2021 $1,199,661
SOUTHERN SKY AVIATION MAINTENANCE LLC BIRMINGHAM AL 2/17/2021 $327,483
VT MOBILE AEROSPACE ENGINEERING INC MOBILE AL 4/7/2021 $8,118,358
BIRD ACQUISITION LLC PHOENIX AZ 3/19/2021 $2,006,192
AERO PORT SERVICESINC LOS ANGELES CA 4/5/2021 $89,260
AIRLINE COACH SERVICE LLC SAN FRANCISCO CA 4/19/2021 $95,829
AIRPORT TERMINAL MANAGEMENT INC INGLEWOOD CA 3/1/2021 $5,405,401
AMI INFLIGHT INC SANTA MONICA CA 4/1/2021 $254,732
AMI WINES LLC SANTA MONICA CA 2/26/2021 $63,243
COMAV TECHNICAL SERVICES LLC VICTORVILLE CA 3/2/2021 $1,126,878
HAWKER PACIFIC AEROSPACE SUN VALLEY CA 3/2/2021 $3,887,536
IDA FOODS LLC SANTA MONICA CA 3/24/2021 $137,462
INTERNATIONAL AEROSPACE COATINGS INC IRVINE CA 3/11/2021 $3,780,287
JEREMIAH PHILLIPS LLC BURLINGAME CA 4/19/2021 $539,016
KAISERAIR INC. OAKLAND CA 4/5/2021 $739,452
NEW SONOMA FBO INC. SANTA ROSA CA 3/16/2021 $279,671
PACIFIC AVIATION LLC EL SEGUNDO CA 4/28/2021 $5,516,051
PANASONIC AVIONICS CORPORATION LAKE FOREST CA 2/3/2021 $52,728,182
SACRAMENTO INTERNATIONAL JET CENTER INC. SACRAMENTO CA 4/7/2021 $503,282
SIA ENGINEERING (USA) INC LOS ANGELES CA 3/12/2021 $1,613,365
SPRINGSHOT INC. SAN FRANCISCO CA 3/24/2021 $573,765
THE LANDLINE COMPANY HAWTHORNE CA 3/12/2021 $166,218
THOMAS GLOBAL SYSTEMS LLC IRVINE CA 3/12/2021 $236,167
ECOSERVICES LLC WETHERSFIELD CT 4/7/2021 $768,395
PASSUR AEROSPACE INC. STAMFORD CT 3/5/2021 $1,309,858
15
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
DUMONT AVIATION LLC NEW CASTLE DE 4/14/2021 $868,153
AEROTECH MIAMI INC. MIAMI FL 3/2/2021 $1,438,936
AERSALE INC CORAL GABLES FL 3/9/2021 $5,535,985
ALX CARGO CENTER IAH LLC ORLANDO FL 3/2/2021 $234,208
AMERICAN SALES AND MANAGEMENT ORGANIZATION INC. MIAMI FL 3/2/2021 $11,258,054
AVIATION MAIN SERVICESINC MIAMI FL 3/16/2021 $298,717
BARFIELD INC. MIAMI FL 3/29/2021 $3,465,183
F&E AIRCRAFT MAINTENANCE (MIAMI) LLC MIAMI SPRINGS FL 3/2/2021 $7,942,747
FLIGHTSTAR AIRCRAFT SERVICES LLC JACKSONVILLE FL 3/12/2021 $6,796,739
FUEL FX INC CRESTVIEW FL 3/5/2021 $72,564
GROUND SERVICES INTERNATIONAL INCORPORATED ORLANDO FL 3/2/2021 $15,324,430
IAERO THRUST LLC MIAMI FL 3/2/2021 $2,105,162
IAG ENGINE FIELD SERVICES LLC MIAMI FL 4/19/2021 $171,768
JETSCAPE SERVICE LLC FORT LAUDERDALE FL 3/11/2021 $174,783
JETSTREAM GROUND SERVICES INC. JUPITER FL 2/17/2021 $5,721,352
MIAMI NDT ENGINE SERVICES LLC DORAL FL 4/28/2021 $688,023
ORLANDO SANFORD INTERNATIONAL INC. SANFORD FL 4/7/2021 $1,238,985
STS AVIATION SERVICES - TANK TIGERS INC. JENSEN BEACH FL 4/7/2021 $8,018,351
TOTAL AIR SERVICES INC. MIAMI FL 4/7/2021 $17,146
ULTRA AVIATION SERVICES INC. MIAMI FL 3/11/2021 $2,778,827
XTREME AVIATION LLC OPA LOCKA FL 3/5/2021 $1,032,274
BARFIELD PRECISION ELECTRONICS LLC ATLANTA GA 3/29/2021 $803,684
GAT AIRLINE GROUND SUPPORT INC. PEACHTREE CITY GA 2/26/2021 $11,866,920
QUANTUM AVIATION SOLUTIONS INC. DULUTH GA 3/12/2021 $120,709
ACTS-AVIATION SECURITY INC. DES PLAINES IL 3/2/2021 $4,723,124
ARIES SHUTTLE CHICAGO LLC DES PLAINES IL 3/9/2021 $600,795
BYERLY AVIATION PEORIA IL 3/29/2021 $130,051
FLIGHT CHECK COMMERCIAL AVIATION SERVICES LLC BENSENVILLE IL 3/11/2021 $1,510,148
FLYING FOOD GROUP LLC CHICAGO IL 3/12/2021 $34,689,085
16
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
GAITROS AVIATION LLC DECATUR IL 3/9/2021 $25,432
MICHAEL LEWIS COMPANY MCCOOK IL 2/17/2021 $2,786,537
ORD LIFT & GSE INC SCHILLER PARK IL 3/12/2021 $165,114
QCIA AIRPORT SERVICES LLC MOLINE IL 3/19/2021 $133,036
SPRINGFIELD AIRPORT AUTHORITY SPRINGFIELD IL 4/7/2021 $72,522
THE FLIGHTSTAR CORPORATION SAVOY IL 3/19/2021 $1,558,114
B. COLEMAN AVIATION LLC GARY IN 4/15/2021 $139,289
BMG AVIATION INC BLOOMINGTON IN 4/7/2021 $49,641
TRI-STATE AERO EVANSVILLE IN 2/17/2021 $230,470
COLONIAL AIR INC NEW BEDFORD MA 3/24/2021 $43,745
BAY LAND AVIATION INC SALISBURY MD 4/13/2021 $36,183
MRA SYSTEMS LLC BALTIMORE MD 4/13/2021 $14,430,178
AVFLIGHT AKRON CANTON CORPORATION ANN ARBOR MI 3/16/2021 $109,721
AVFLIGHT COLUMBUS CORPORATION ANN ARBOR MI 3/29/2021 $57,202
AVFLIGHT DURANGO CORPORATION ANN ARBOR MI 3/16/2021 $90,774
AVFLIGHT FLINT CORPORATION ANN ARBOR MI 3/16/2021 $100,139
AVFLIGHT GRAND FORKS CORPORATION ANN ARBOR MI 3/16/2021 $92,605
AVFLIGHT GUNNISON CORPORATION ANN ARBOR MI 3/29/2021 $66,753
AVFLIGHT HARRISBURG CORPORATION ANN ARBOR MI 3/16/2021 $217,753
AVFLIGHT LANSING CORPORATION ANN ARBOR MI 3/16/2021 $190,512
AVFLIGHT MILWAUKEE CORPORATION ANN ARBOR MI 3/16/2021 $112,203
AVFLIGHT MINOT CORPORATION ANN ARBOR MI 3/16/2021 $97,136
AVFLIGHT MONROE CORPORATION ANN ARBOR MI 3/29/2021 $83,287
AVFLIGHT ROCHESTER CORPORATION ANN ARBOR MI 3/16/2021 $158,058
AVFLIGHT ROSWELL CORPORATION ANN ARBOR MI 3/16/2021 $142,546
AVFLIGHT SAGINAW CORPORATION ANN ARBOR MI 3/16/2021 $140,943
AVFLIGHT SALINA CORPORATION ANN ARBOR MI 3/16/2021 $79,902
AVFLIGHT SERVICES CORPORATION ANN ARBOR MI 3/16/2021 $491,952
AVFLIGHT TRAVERSE CITY CORPORATION ANN ARBOR MI 3/16/2021 $129,517
17
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
AVFLIGHT WILLOW RUN CORPORATION ANN ARBOR MI 3/16/2021 $109,680
AVFUEL CORPORATION ANN ARBOR MI 3/16/2021 $1,970,616
EXECUTIVE AIR TRANSPORT INC. MUSKEGON MI 3/16/2021 $228,812
MONACO AIR DULUTH LLC DULUTH MN 3/9/2021 $217,270
SMARTE CARTE INC. ST. PAUL MN 3/9/2021 $6,471,303
AIRPORT TERMINAL SERVICES INC ST. LOUIS MO 3/2/2021 $14,653,712
BRANSON AIRPORT LLC HOLLISTER MO 3/19/2021 $226,023
MISSOULA COUNTY AIRPORT AUTHORITY MISSOULA MT 3/9/2021 $78,212
HAECO AIRFRAME SERVICES LLC GREENSBORO NC 2/17/2021 $15,698,743
HAECO AMERICAS LINE SERVICES LLC GREENSBORO NC 2/17/2021 $194,215
LATITUDE AERO LLC GREENSBORO NC 2/17/2021 $65,710
NATIONAL AVIATION SERVICES LLC. MOORESVILLE NC 3/5/2021 $3,593,099
NORTH STATE AVIATION HOLDINGS LLC WINSTON-SALEM NC 3/24/2021 $722,341
SWISSPORT USA INC. RALEIGH NC 2/4/2021 $60,545,677
BISMARCK AERO CENTER CORPORATION BISMARCK ND 2/17/2021 $252,455
TREGO DUGAN AVIATION OF GRAND ISLAND INC. GRAND ISLAND NE 2/17/2021 $3,014,156
AIR GENERAL INC. PORTSMOUTH NH 2/23/2021 $4,625,670
PRIVATE JET SERVICES GROUP LLC SEABROOK NH 4/28/2021 $650,730
OMNI SERV LLC NEWARK NJ 3/30/2021 $2,554,267
JET CENTER AT SANTA FE OPERATIONS LLC. SANTA FE NM 2/18/2021 $120,969
SANTA FE AERO SERVICES LLC SANTA FE NM 2/17/2021 $51,601
MOUNTAIN WEST EKO LLC ELKO NV 3/9/2021 $38,276
DNATA US INFLIGHT CATERING LLC WHITE PLAIN NY 3/2/2021 $5,025,490
DO & CO NEW YORK CATERING INC JAMAICA NY 4/28/2021 $4,906,752
FORTBRAND SERVICES LLC PLAINVIEW NY 3/31/2021 $303,674
GLOBAL AVIATION MANAGEMENT GROUP CORP. GARDEN CITY NY 3/2/2021 $526,192
GLOBAL SECURITY CONSULTING GROUP INC. GARDEN CITY NY 3/29/2021 $3,204,643
MACH II MAINTENANCE CORP JAMAICA NY 3/19/2021 $725,336
PACIFIC ATLANTIC HANDLING SERVICES LLC JAMAICA NY 3/24/2021 $363,014
18
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
PAX ASSIST INC JAMAICA NY 2/26/2021 $3,047,956
PREMIER AVIATION LLC HORSEHEADS NY 2/23/2021 $42,793
TAUGHANNOCK AVIATION CORP ITHACA NY 2/17/2021 $305,494
TRIANGLE AVIATION SERVICES INC VALLEY STREAM NY 3/5/2021 $592,913
TRIANGLE SERVICES OF FLORIDA INC VALLEY STREAM NY 3/5/2021 $2,789,243
USAIRPORTS FLIGHT SUPPORT LLC ROCHESTER NY 4/1/2021 $391,199
WORLDWIDE FLIGHT SERVICES INC. JAMAICA NY 2/3/2021 $45,622,544
CONSTANT AVIATION LLC CLEVELAND OH 2/17/2021 $10,149,987
FLIGHT SERVICES AND SYSTEMS CLEVELAND OH 3/9/2021 $3,688,867
LUFTHANSA TECHNIK COMPONENT SERVICES LLC10 TULSA OK 3/2/2021 $7,227,924
THE NORDAM GROUP LLC TULSA OK 3/12/2021 $23,566,555
LEADING EDGE JET CENTER LLC. REDMOND OR 3/11/2021 $121,618
METAL INNOVATIONS INC. AURORA OR 2/23/2021 $231,383
AVIATION TECHNOLOGIES INC. AVOCA PA 3/9/2021 $253,680
LUFTHANSA TECHNIK PUERTO RICO AGUADILLA PR 3/2/2021 $2,531,163
WESTJET AIR CENTER INC RAPID CITY SD 3/12/2021 $60,118
JETRIGHT AVIATION MAINTENANCE LLC NASHVILLE TN 3/29/2021 $208,319
247 ON SITE LLC CORPUS CHRISTI TX 2/17/2021 $36,130
ABILENE AERO INC. ABILENE TX 3/9/2021 $506,616
ACCUFLEET INTERNATIONAL INC. HOUSTON TX 3/29/2021 $1,669,641
AIR WILMINGTON INC AMARILLO TX 3/11/2021 $294,434
ARIES SHUTTLE-DALLAS LLC HURST TX 4/7/2021 $371,236
CLEAREDDIRECT LLC AUSTIN TX 4/7/2021 $585,270
FOUR POINTS AERO SERVICES LLC DALLAS TX 3/11/2021 $272,818
G2 SECURE STAFF L.L.C. IRVING TX 2/23/2021 $35,486,578
GULFPORT AVIATION PARTNERS LLC HOUSTON TX 3/9/2021 $62,222
HOUSTON AVIATION PARTNERS HOUSTON TX 3/9/2021 $358,095
HUNTLEIGH USA CORPORATION IRVING TX 3/1/2021 $5,966,616
INDIANAPOLIS AVIATION PARTNERS LLC HOUSTON TX 3/9/2021 $98,793
19
Total Anticipated
Participant1 City2 State Agreement Date3 Payroll Support4
MENZIES AVIATION (USA) INC DALLAS TX 2/3/2021 $48,451,415
PRIMEFLIGHT AVIATION SERVICES INC. SUGAR LAND TX 3/12/2021 $26,347,337
QT TECHNOLOGIES LLC FARMERS BRANCH TX 3/16/2021 $334,356
SAFETECH USA INC HUMBLE TX 4/14/2021 $693,392
SEMCO AEROSPACE TX LLC CAROLLTON TX 4/14/2021 $283,761
SKY CHEFS INC.10 IRVING TX 3/2/2021 $93,392,267
T AERO II LLC WACO TX 2/23/2021 $316,719
TALLAHASSEE AVIATION PARTNERS LLC HOUSTON TX 3/9/2021 $92,966
TOTAL AIRPORT SERVICES LLC SPRING TX 3/12/2021 $8,263,957
VT SAN ANTONIO AEROSPACE INC SAN ANTONIO TX 4/7/2021 $6,255,245
AERO INDUSTRIES INCORPORATED RICHMOND VA 3/9/2021 $207,137
COMMONWEALTH AVIATION SERVICE INC. RICHMOND VA 2/17/2021 $379,105
GATE GOURMET INC RESTON VA 2/9/2021 $74,750,674
PROSEGUR SERVICES GROUP INC. HERNDON VA 3/19/2021 $9,866,032
RICHMOND JET CENTER INC. RICHMOND VA 3/9/2021 $127,682
HERITAGE AVIATION INC SOUTH BURLINGTON VT 3/2/2021 $636,130
AVIATION TECHNICAL SERVICES EVERETT WA 3/5/2021 $17,390,454
BELLINGHAM AVIATION SERVICES LLC BELLINGHAM WA 3/16/2021 $100,146
FLITELINE SERVICES INC. EVERETT WA 3/11/2021 $106,948
INTER-STATE AVIATION INC. PULLMAN WA 3/29/2021 $54,493
MCGEE AIR SERVICES RENTON WA 2/5/2021 $12,988,516
PACKERLAND AVIATION LLC GREEN BAY WI 3/29/2021 $193,656
MHI RJ AVIATION INC. BRIDGEPORT WV 3/30/2021 $10,195,175
1. In certain cases where multiple affiliated entities were approved as eligible recipients, only one affiliate or a parent company is listed.
2. The location provided is the address included by participants in their applications and may not include all locations in which a recipient operates.
3. Agreement Date is the date the PSP2 agreement was fully executed.
4. Total Anticipated Payroll Support is the total amount of payroll support expected to be provided to the participant in PSP2.
20
Appendix B: PSP2 Participants Providing Taxpayer Protection Instruments (Notes or Warrants)
Total
Anticipated Note
State Agreement Total Anticipated Principal Total Anticipated Warrant
Participant1 City 2 2 Date 3 Payroll Support4 Amount 5 Number of Warrants6 Exercise Price 7
Passenger Carriers
FRONTIER AIRLINES INC10 DENVER CO 1/15/2021 $161,083,131 $18,324,939 157,296 $11.65
SPIRIT AIRLINES INC. MIRAMAR FL 1/15/2021 $212,130,753 $33,639,226 137,753 $24.42
DELTA AIR LINES INC. ATLANTA GA 1/15/2021 $3,290,410,981 $957,123,294 2,409,069 $39.73
HAWAIIAN AIRLINES INC. HONOLULU HI 1/15/2021 $192,658,000 $27,797,400 156,341 $17.78
UNITED AIRLINES INC. CHICAGO IL 1/15/2021 $3,001,196,216 $870,358,865 2,011,925 $43.26
REPUBLIC AIRWAYS INC. INDIANAPOLIS IN 1/15/2021 $130,416,748 $9,125,024 2,199 $415.00
ALLEGIANT AIR LLC LAS VEGAS NV 1/15/2021 $105,521,953 $1,656,586 924 $179.23
JETBLUE AIRWAYS LONG ISLAND
CORPORATION CITY NY 1/15/2021 $580,235,932 $144,070,779 998,412 $14.43
AMERICAN AIRLINES INC. FORT WORTH TX 1/15/2021 $3,549,766,770 $1,034,930,031 6,608,749 $15.66
SOUTHWEST AIRLINES CO. DALLAS TX 1/15/2021 $1,986,475,960 $565,942,788 1,222,867 $46.28
SKYWEST AIRLINES INC. ST. GEORGE UT 1/15/2021 $266,069,807 $50,420,942 124,773 $40.41
ALASKA AIRLINES INC. 8 SEATTLE WA 1/15/2021 $612,685,500 $155,924,475 305,498 $52.25
Contractors
PANASONIC AVIONICS
LAKE FOREST CA 2/3/2021 $52,728,182 $6,700,400 N/A N/A
CORPORATION
SWISSPORT USA INC. RALEIGH NC 2/4/2021 $60,545,677 $10,140,098 N/A N/A
WORLDWIDE FLIGHT
JAMAICA NY 2/3/2021 $45,622,544 $3,573,920 N/A N/A
SERVICES INC.
LUFTHANSA TECHNIK
COMPONENT SERVICES, TULSA OK 3/2/2021 $7,227,924 $3,900,893 NA NA
LLC9
MENZIES AVIATION (USA)
DALLAS TX 2/3/2021 $48,451,415 $4,818,623 N/A N/A
INC
SKY CHEFS INC.9 IRVING TX 3/2/2021 $93,392,267 $26,696,219 N/A N/A
GATE GOURMET INC RESTON VA 2/9/2021 $74,750,674 $16,390,297 N/A N/A
MCGEE AIR SERVICES RENTON WA 2/5/2021 $12,988,516 $3,698,499 N/A N/A
21
1. In certain cases where multiple affiliated entities were approved as eligible recipients, only one affiliate or a parent company is listed.
2. The location provided is the address included by participants in their applications and may not include all locations in which a recipient operates.
3. Agreement Date is the date the PSP2 agreement was fully executed.
4. Total Anticipated Payroll Support is the total amount of payroll support expected to be provided to the participant in PSP2.
5. The note has a duration of 10 years. For passenger air carries, when applicable, this is equal to 30 percent of the payroll support provided to the participant over $100 million. For contractors, when
applicable, this is equal to 44 percent of the payroll support provided to the participant over $37.5 million. For passenger air carriers and contractors, the cash interest rate on the note is 1 percent per
year in the first five years and converts to the Secured Overnight Financing Rate plus 2 percent per year in the last five years. Cash interest on the notes is payable semiannually on March 31 and
September 30 of each year beginning on September 30, 2020. For contractors that have not issued equity securities that are traded on a national securities exchange, the note also includes a payment-
in-kind interest rate of 3 percent per year in the first five years, with an increase of 1 percentage point per year in years six through ten.
6. The warrants provide Treasury with the right to purchase shares of common stock or receive a cash payment. The number of warrants required is equal to 10 percent of the principal amount of the
note issued by the participant, divided by an exercise price. The exercise price for passenger air carriers is generally equal to the value of the shares as of market close on April 9, 2020. The warrants
are exercisable for a five-year term.
7. Warrant Exercise Price is the strike price of the warrants.
8. Alaska Airlines Inc. issued a note and warrants related to payroll support provided to both Alaska Airlines Inc. and McGee Air Services Inc. McGee Air Services Inc. is an eligible contractor and a
wholly owned subsidiary of Alaska Airlines Inc.
9. Sky Chefs, Inc. and Lufthansa Technik Component Services, LLC, which are affiliates of Deutsche Lufthansa AG, issued notes related to payroll support provided to Sky Chefs, Inc., Lufthansa
Technik Component Services, LLC, Hawker Pacific Aerospace, and Lufthansa Technik Puerto Rico, LLC. Hawker Pacific Aerospace and Lufthansa Technik Puerto Rico, LLC are eligible
contractors and wholly owned subsidiaries of Lufthansa Technik Component Services, LLC.
10. The warrant exercise price for Frontier Airlines, Inc. was previously $442.69, based on a valuation in September of 2020. The warrant exercise price was adjusted following the company’s initial
public offering on April 1, 2021.
22
File and source
- File
- TREAS-Sec-409-Report-to-Congress-Payroll-Support-May-1-2021.pdf
- Size
- 418,109 bytes
- SHA-256
- 7f192fa37b2811ec2c71a4f5d9d5bdca0701c5459a62c7a9fa27e9f1ecf5c7fd
- Original
- home.treasury.gov