Report on Pandemic Relief for Aviation Workers (11/01/2020)
Summary
A U.S. Department of the Treasury report dated November 1, 2020 on pandemic relief for aviation workers under section 4118 of the CARES Act, describing financial assistance to air carriers and contractors through the Payroll Support Program (PSP) established under Division A, Title IV, Subtitle B of the Act. It reports that as of October 16, 2020 Treasury had disbursed more than $28 billion in assistance to 612 PSP participants, and that approximately 84% of the funds were awarded within four weeks of the CARES Act's enactment. Lists of all PSP participants are included in its appendices.
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Report on Pandemic Relief for Aviation Workers
Pursuant to Section 4118 of the Coronavirus Aid, Relief and Economic Security Act
November 1, 2020
Introduction
This report describes the financial assistance the U.S. Department of the Treasury has provided to
air carriers and contractors through the Payroll Support Program (PSP), which was established
under Division A, Title IV, Subtitle B, of the Coronavirus Aid, Relief, and Economic Security
(CARES) Act. 1
As of October 16, 2020, Treasury had disbursed more than $28 billion in assistance to 612 PSP
participants 2 across the country. Approximately 84% of the funds were awarded within four weeks
of enactment of the CARES Act, as part of the unprecedented federal response to the coronavirus
pandemic. Lists of all PSP participants are included in the appendices to this report. 3
Description of the Payroll Support Program
The CARES Act requires Treasury to provide financial assistance to passenger air carriers, cargo
air carriers, and certain aviation contractors, 4 to be used exclusively for the continuation of
payment of employee wages, salaries, and benefits. Up to $25 billion is authorized for passenger
air carriers; $4 billion for cargo air carriers; and $3 billion for contractors. The CARES Act
specifies the amount of financial assistance an eligible participant will receive under the PSP.
For air carriers that report salaries and benefits to the Department of Transportation under 14
CFR part 241, the amount of financial assistance is equal to the amount reported by the air
carrier for the period from April 1, 2019, through September 30, 2019. For all other entities, the
amount of financial assistance is equal to the amount that the entity certifies as the amount of
wages, salaries, benefits, and other compensation that the entity paid its employees for the period
from April 1, 2019, through September 30, 2019. 5 In the event of a shortfall in available PSP
funds, Treasury had authority to reduce, on a pro rata basis, the amounts due to eligible entities. 6
All participants entered into a uniform Payroll Support Program Agreement and are subject to
several requirements mandated by the CARES Act, described below.
Treasury published initial PSP guidelines and application procedures on March 30, 2020 – one
business day after the enactment of the CARES Act. Treasury received more than 1,000
applications for PSP assistance. Passenger air carrier applications were evaluated first based on
the number of employees impacted. On April 20, 2020, Treasury finalized agreements with an
initial set of 60 participants. As of October 16, 2020, Treasury had finalized agreements with
1
This report is submitted under section 4118 of the CARES Act.
2
Entities that have received Payroll Support assistance are referred to as PSP “participants” throughout this report.
3
Up-to-date lists of PSP recipients, as well as other information regarding the PSP, are also available at
www.Treasury.gov/cares.
4
The CARES Act defines eligible contractors 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 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 eligible.
5
CARES Act section 4113(a).
6
CARES Act section 4113(c).
2
612 participants, including 354 passenger air carriers, 38 cargo air carriers, and 220 contractors,
and nearly all anticipated disbursements had been made.
Participant Requirements
Treasury required each approved applicant to enter into a binding Payroll Support Program
Agreement (PSP Agreement). 7 Each air carrier and each contractor entered into identical forms
of the agreement – no company-specific exceptions were made. The PSP Agreement provides
the terms and conditions of the program, including ongoing reporting requirements. Certain key
provisions of the PSP Agreement are described below.
Implementation of Statutory Restrictions
Under the PSP Agreement, each PSP participant is required to:
• use the payroll support funds exclusively for the continuation of employee wages,
salaries, and benefits;
• not conduct involuntary terminations or furloughs of employees, through September 30,
2020;
• not reduce pay rates or benefits of employees, through September 30, 2020;
• ensure that neither it nor any affiliate 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 September 30, 2021;
• not pay dividends, or making other capital distributions, with respect to its common
stock (or equivalent interest), through September 30, 2021; and
• restrict the compensation of certain employees whose total compensation exceeded
$425,000 in 2019, through March 24, 2022. 8
In addition, participating air carriers are required to maintain certain scheduled air transportation
service as directed by the Secretary of Transportation. 9
Reporting Requirements
All PSP participants must submit quarterly reports to Treasury, including certifications of their
compliance with the terms and conditions of the PSP Agreement, at least until the second quarter
of 2022. The quarterly reports must present details regarding the participant’s expenditure of
payroll support funds, financial statements, and employee headcount and compensation, among
other things. 10 Treasury received second-quarter reports from over 400 participants. Third-
quarter reports for agreements executed after June 30, 2020, are due November 14, 2020.
Taxpayer Protection Requirements
7
The form of PSP Agreement is available at: https://home.treasury.gov/system/files/136/Form-of-PSP-
Agreement.pdf.
8
See PSP Agreement paragraphs 4-9; CARES Act sections 4114, 4116.
9
See PSP Agreement paragraph 10; CARES Act section 4114(b); Department of Transportation Order 2020-3-10.
10
See PSP Agreement paragraphs 12-16.
3
As authorized in section 4117 of the CARES Act, Treasury determined that certain PSP
participants would be required to provide taxpayer protection instruments to Treasury, as
appropriate compensation to the federal government for the receipt of financial assistance under
the PSP. Specifically, Treasury determined that passenger air carriers receiving payroll support
of more than $100 million, cargo air carriers receiving more than $50 million, and contractors
receiving more than $37.5 million would be required to provide financial instruments. As of
October 16, 2020, Treasury had received financial instruments related to the financial assistance
provided to 13 passenger air carriers, two cargo air carriers, and 20 contractors. See Appendix B
for a list of PSP participants that have provided Treasury with these financial instruments.
Treasury established the following requirements for financial instruments provided by each
category of PSP participants:
• Passenger air carriers were required to provide a note with a principal amount equal to
30% of the amount of payroll support over $100 million. They were also required to
provide warrants for the purchase of shares of common stock. The number of warrants
was equal to 10% of the principal amount of the note issued by the participant, divided by
an exercise price that generally was equal to the share price as of market close on April 9,
2020.
• Cargo air carriers were required to provide a note with a principal amount equal to 56%
of the amount of payroll support over $50 million. Cargo air carriers whose shares are
listed on a national securities exchange were also required to provide warrants for the
purchase of shares of common stock. The number of warrants was equal to 10% of the
principal amount of the note issued by the participant, divided by an exercise price equal
to the share price as of market close on May 1, 2020. Cargo air carriers whose shares are
not listed on a national securities exchange were required to provide additional payment-
in-kind interest on their notes, in lieu of warrants.
• Contractors generally were required to provide a note with a principal amount equal to
44% of the amount of payroll support over $37.5 million. These notes also include
payment-in-kind interest. 11
The notes provided as taxpayer protection instruments have common terms and conditions. For
the first five years of the term, they have a cash annual interest rate of 1% per annum. For the
second five years of the term, the cash annual interest rate is equal to 2% plus the Secured
Overnight Financing Rate. The notes issued by cargo air carriers whose shares are not listed on a
national securities exchange and contractors also provide for a payment-in-kind interest rate of
3% per year for the first five years, with an increase of 1 percentage point per year in years six
through ten. All participants that issued notes to Treasury are required to make semiannual cash
payments for accrued interest on March 31 and September 30 of each year.
Amounts of Payroll Support Assistance Provided through October 16, 2020
11
Treasury also obtained financial instruments when payroll support provided to affiliated entities collectively
exceeded relevant category thresholds.
4
As shown in the appendices and available on Treasury.gov, Treasury approved over $28.2 billion
in payroll support assistance to 612 PSP participants between April and October 2020. This
includes $24.9 billion to 354 passenger air carriers, $0.8 billion to 38 cargo air carriers, and $2.4
billion to 220 contractors. For updated information, see www.Treasury.gov/cares.
Number and Amounts of Payroll Support by Participant Type as of October 16, 2020
Participants Payroll Support
Passenger Air Carriers 354 $24,979,981,865
Cargo Air Carriers 38 $826,478,739
Contractor 220 $2,384,778,209
Total 612 $28,191,238,813
Note: Includes four agreements that were withdrawn at the participant’s request.
Transparency
Treasury has published extensive information online regarding the PSP, including program
guidance, the form of PSP Agreement, and lists of all PSP participants with the PSP amounts
disbursed and taxpayer protection instruments provided to Treasury, on
www.Treasury.gov/cares. Additional information on PSP participants is available at
https://www.usaspending.gov/disaster/covid-19.
5
APPENDICES
Appendix A:
Payroll Support Program Participants (Passenger Air Carriers, Cargo Air Carriers, and Contractors) as of October 16, 2020
See www.treasury.gov/cares for updates to this information.
Table 1 - Passenger Air Carriers
Participant City State Agreement Date Payroll Support
GRANT AVIATION INC. ANCHORAGE AK 4/24/2020 $5,187,860
RUST’S FLYING SERVICE INC ANCHORAGE AK 4/24/2020 $2,337,749
PATHFINDER AVIATION LLC ANCHORAGE AK 5/13/2020 $2,348,964
ALASKA RELIANT INC ANCHORAGE AK 6/11/2020 $493,705
ALPHA AVIATION LLC ANCHORAGE AK 6/15/2020 $345,408
SPERNAK AIRWAYS INC ANCHORAGE AK 6/17/2020 $239,056
CLEARWATER AIR INC ANCHORAGE AK 6/18/2020 $335,162
CORVUS AIRLINES INC. ANCHORAGE AK 8/19/2020 $15,489,546
BRANCH RIVER AIR SERVICE INC. ANCHORAGE AK 9/3/2020 $142,846
ALASKA SKYWAYS INC ANCHORAGE AK 9/4/2020 $256,527
TRAIL RIDGE AIR INC. ANCHORAGE AK 9/15/2020 $165,371
PAKLOOK AIR INC. BETHEL AK 4/29/2020 $1,326,490
RENFRO’S ALASKAN ADVENTURES INC. BETHEL AK 9/16/2020 $65,210
ULTIMA THULE INC CHITINA AK 7/29/2020 $287,598
RIDGELINE AVIATION INC CORDOVA AK 5/27/2020 $27,911
DENALI AIR INC. DENALI NATIONAL PARK AK 4/24/2020 $144,866
WARBELOW’S AIR VENTURES INC. FAIRBANKS AK 5/28/2020 $902,826
WRIGHT AIR SERVICE INC. FAIRBANKS AK 5/28/2020 $2,254,110
YUKON AIR SERVICE INC. FAIRBANKS AK 9/11/2020 $141,811
COYOTE AIR LLC FAIRBANKS AK 9/16/2020 $74,837
TRINITY AIR INC FAIRBANKS AK 10/5/2020 $30,400
SHADOW AVIATION FAIRBANKS AK 10/5/2020 $13,680
COOK INLET AVIATION LLC FRITZ CREEK AK 9/21/2020 $69,322
ALPINE AIR ALASKA LLC GIRDWOOD AK 4/29/2020 $853,055
SMOKEY BAY AIR INC. HOMER AK 5/13/2020 $363,374
NORTHWIND AVIATION LLC HOMER AK 5/19/2020 $55,456
BERYL AIR LLC HOMER AK 7/28/2020 $2,211
BELUGA AIR LLC HOMER AK 8/5/2020 $47,416
K BAY AIR LLC HOMER AK 9/15/2020 $529,513
ILIAMNA AIR TAXI INC. ILIAMNA AK 7/15/2020 $465,174
WINGS AIRWAYS LLC JUNEAU AK 4/20/2020 $639,332
KALININ AVIATION LLC JUNEAU AK 4/27/2020 $2,686,049
6
Participant City State Agreement Date Payroll Support
COASTAL HELICOPTERS INC. JUNEAU AK 4/29/2020 $1,588,872
WARD AIR INC. JUNEAU AK 4/29/2020 $695,531
AIR EXCURSIONS LLC JUNEAU AK 6/23/2020 $114,328
PM AIR LLC KETCHIKAN AK 4/20/2020 $317,394
NORTHSTAR TREKKING LLC KETCHIKAN AK 4/29/2020 $1,357,343
TEMSCO HELICOPTERS INC. KETCHIKAN AK 4/29/2020 $4,820,994
VENTURE TRAVEL LLC KETCHIKAN AK 4/30/2020 $1,533,251
ISLAND WINGS AIR SERVICE LLC KETCHIKAN AK 5/13/2020 $164,265
MISTY FJORDS AIR & OUTFITTING INC. KETCHIKAN AK 5/13/2020 $101,168
JEFFREY J CARLIN KETCHIKAN AK 5/20/2020 $137,280
SEAWIND AVIATION INC. KETCHIKAN AK 5/22/2020 $198,693
SOUTHEAST AVIATION LLC KETCHIKAN AK 5/28/2020 $181,924
EGLI AIR HAUL INC. KING SALMON AK 4/23/2020 $176,837
SCOTT AIR LLC KLAWOCK AK 5/19/2020 $931,449
REDEMPTION INC. KODIAK AK 4/20/2020 $646,061
BERING AIR INC. NOME AK 4/24/2020 $5,523,167
LAKE AND PENINSULA AIRLINES INC. PORT ALSWORTH AK 4/29/2020 $341,675
VERTICAL SOLUTIONS LLC VALDEZ AK 5/15/2020 $88,931
SOUTHERN SKY AVIATION CHARTERS LLC BIRMINGHAM AL 6/4/2020 $375,204
JET SERVICES INC MOBILE AL 4/20/2020 $306,172
MESA AIRLINES INC. PHOENIX AZ 4/20/2020 $95,144,443
WORLDWIDE JET CHARTER INC. PHOENIX AZ 5/8/2020 $4,300,691
CUTTER HOLDING CO. PHOENIX AZ 6/24/2020 $557,033
JR STAFFING LLC PRESCOTT AZ 6/17/2020 $316,005
ALANTE AIR CHARTER LLC SCOTTSDALE AZ 4/24/2020 $747,725
PINNACLE AIR CHARTER LLC SCOTTSDALE AZ 4/24/2020 $1,854,016
ELITE FLIGHT TRAVEL LLC SCOTTSDALE AZ 6/26/2020 $41,872
SIERRA PACIFIC AIRLINES TUCSON AZ 4/20/2020 $958,712
LOYD’S AVIATION BAKERSFIELD CA 5/4/2020 $801,133
SUN AIR JETS LLC CAMARILLO CA 4/20/2020 $3,882,482
AIR 7 LLC CAMARILLO CA 4/29/2020 $1,296,501
CHANNEL ISLANDS AVIATION INC. CAMARILLO CA 5/13/2020 $967,826
JET METHODS INC CARLSBAD CA 4/20/2020 $278,641
TANGO AIR INC. CARLSBAD CA 4/20/2020 $1,193,712
PREMIER AIR CHARTER LLC CARLSBAD CA 5/21/2020 $56,485
MACH ONE AIR CHARTERS INC CHINO CA 4/24/2020 $937,313
SUPERIOR TRANSPORTATION ASSOCIATES INC COSTA MESA CA 5/18/2020 $3,729,662
SACRAMENTO EXECUTIVE HELICOPTERS INC. ELK GROVE CA 4/20/2020 $591,365
GUARDIAN HELICOPTERS INC. FILLMORE CA 4/20/2020 $689,344
SCOTT AVIATION LLC FRESNO CA 4/20/2020 $3,640,207
PRECISION AVIATION INC. FRESNO CA 5/11/2020 $94,936
ADVANCED AIR LLC HAWTHORNE CA 4/23/2020 $2,845,707
7
Participant City State Agreement Date Payroll Support
CTP AVIATION LLC HAYWARD CA 5/12/2020 $1,525,514
ISLAND EXPRESS HELICOPTERS INC. LONG BEACH CA 5/1/2020 $621,318
AIR RUTTER INTERNATIONAL LLC LONG BEACH CA 5/14/2020 $2,348,300
STARJET INC. LOS ANGELES CA 6/4/2020 $280,892
MODESTO EXECUTIVE AIR CHARTER INC. MODESTO CA 5/19/2020 $793,926
MCLEAN AVIATION SERVICES INC. NAPA CA 5/21/2020 $207,316
AIR CARITAS CORPORATION NEWPORT BEACH CA 7/20/2020 $5,286,146
SP AVIATION INC OAKLAND CA 4/20/2020 $377,521
PACIFIC COAST JET LLC OAKLAND CA 4/30/2020 $1,967,031
ELDORADO AIR LLC SACRAMENTO CA 8/25/2020 $1,127,010
MTE AIR VENTURES INC. SAN CARLOS CA 7/2/2020 $115,176
BOUTIQUE AIR INC SAN FRANCISCO CA 5/27/2020 $8,227,832
MIRA VISTA AVIATION INC. SANTA ANA CA 4/20/2020 $537,425
C.C. CALZONE LLC SANTA ANA CA 5/7/2020 $713,613
DESERT JET CHARTER LLC THERMAL CA 5/19/2020 $1,023,489
CLAY LACY AVIATION INC. VAN NUYS CA 4/20/2020 $27,717,716
DREAMLINE AVIATION LLC VAN NUYS CA 4/20/2020 $1,847,100
PEGASUS ELITE AVIATION INC. VAN NUYS CA 4/24/2020 $3,647,106
TRANS-EXEC AIR SERVICE INC VAN NUYS CA 4/29/2020 $2,024,208
WESTERN AIR CHARTER INC. VAN NUYS CA 5/13/2020 $11,817,843
GOLDEN STATE JET LLC VAN NUYS CA 6/2/2020 $304,595
SPECIALIZED HELICOPTERS INC WATSONVILLE CA 5/4/2020 $197,176
INFORMART A CA CORP. WATSONVILLE CA 6/4/2020 $17,126
MOUNTAIN AVIATION INC BROOMFIELD CO 4/29/2020 $7,380,719
INTERNATIONAL JET AVIATION SERVICES INC. CENTENNIAL CO 5/18/2020 $1,021,556
FRONTIER AIRLINES INC. DENVER CO 4/30/2020 $210,808,088
KEY LIME AIR CORPORATION ENGLEWOOD CO 4/20/2020 $4,584,679
MOSER AVIATION LLC ENGLEWOOD CO 4/23/2020 $444,223
PRIME JET US LLC ENGLEWOOD CO 4/29/2020 $2,154,355
MAYO AVIATION INC. ENGLEWOOD CO 5/12/2020 $3,091,145
M&N EQUIPMENT LLC ENGLEWOOD CO 5/19/2020 $271,553
ASI CHARTERS ENGLEWOOD CO 6/8/2020 $458,372
CURTISS AERO LLC DANBURY CT 6/16/2020 $210,014
TRADEWIND AVIATION LLC OXFORD CT 4/29/2020 $3,780,898
AERO WAYS INC. NEW CASTLE DE 5/27/2020 $1,558,644
DUMONT AIRCRAFT CHARTER LLC NEW CASTLE DE 7/8/2020 $3,004,937
DUMONT AVIATION LLC NEW CASTLE DE 7/8/2020 $1,990,469
SKY ONE HOLDINGS LLC BOCA RATON FL 5/21/2020 $2,444,523
AAW HOLDINGS LLC CLEARWATER FL 6/22/2020 $1,489,205
SILVER AIRWAYS LLC FORT LAUDERDALE FL 4/20/2020 $14,010,323
PRESIDENTIAL AVIATION INC. FORT LAUDERDALE FL 4/29/2020 $3,003,829
SEABORNE VIRGIN ISLANDS INC. FORT LAUDERDALE FL 5/11/2020 $4,048,337
8
Participant City State Agreement Date Payroll Support
TROPIC OCEAN AIRWAYS LLC FORT LAUDERDALE FL 5/12/2020 $1,736,032
REVA INC. FORT LAUDERDALE FL 5/13/2020 $5,636,010
FLORIDA JET SERVICE INC. FORT LAUDERDALE FL 5/20/2020 $594,102
WILDERNESS AIRCRAFT CO. LLC FORT LAUDERDALE FL 5/22/2020 $31,084
ACE AVIATION SERVICES CORP FORT LAUDERDALE FL 5/28/2020 $2,017,658
XOJET AVIATION LLC FORT LAUDERDALE FL 6/16/2020 $15,184,348
EXPERTJET CHARTER INC FORT LAUDERDALE FL 7/16/2020 $39,100
RENNIA AVIATION LLC GAINESVILLE FL 6/17/2020 $224,709
CUBA CHARTER SERVICES LLC HIALEAH FL 6/26/2020 $203,251
CAM AVIATION INC JUPITER FL 7/21/2020 $11,730
FLORIDA AEROCHARTER INC. KEY WEST FL 4/24/2020 $72,726
EXECUTIVE AVIATION CORPORATION MIAMI FL 4/29/2020 $629,854
TREASURE AIR CHARTERS LLC MIAMI FL 6/2/2020 $22,559
SWIFT AIR LLC MIAMI FL 7/22/2020 $21,057,343
IAERO THRUST LLC MIAMI FL 7/23/2020 $4,826,638
MIAMI AIR INTERNATIONAL INC. MIAMI FL 10/16/2020 $12,752,346
SPIRIT AIRLINES INC. MIRAMAR FL 4/20/2020 $344,426,582
EASTERN AIR EXPRESS INC MIRAMAR FL 6/2/2020 $59,614
CATALINA AEROSPACE CORPORATION N MIAMI FL 4/29/2020 $213,590
JET 1 CHARTER INC. NAPLES FL 5/22/2020 $359,916
PANTHER AVIATION INC NAPLES FL 9/9/2020 $197,164
AIRGATE AVIATION INC. NEW SMYRNA BEACH FL 4/24/2020 $342,663
AIRWAY AIR CHARTER INC D/B/A NOBLE AIR CHARTER OPA LOCKA FL 6/11/2020 $46,160
AIRCRAFT EVALUATION & MANAGEMENT INC. ORLANDO FL 6/30/2020 $399,803
SOUTHERN AIRWAYS CORPORATION POMPANO BEACH FL 6/19/2020 $8,430,585
AIR TREK INC. PUNTA GORDA FL 5/5/2020 $692,070
EXPRESS AIR MEDICAL TRANSPORT LLC ST PETERSBURG FL 6/11/2020 $95,458
JETEX LLC STUART FL 4/20/2020 $308,222
JULIET BRAVO HOLDINGS LLC STUART FL 6/16/2020 $1,128,703
JANNUS AIR INC. TAMPA FL 4/24/2020 $51,221
WALKABOUT AIR INC TAMPA FL 5/5/2020 $144,895
CARIBBEAN SUN AIRLINES INC. VIRGINIA GARDEN FL 4/23/2020 $6,305,017
JET ACCESS AVIATION LLC WEST PALM BEACH FL 4/20/2020 $2,092,623
TURNKEY JET INC. WEST PALM BEACH FL 5/4/2020 $123,808
EXECUTIVE AIRLINK INC. WEST PALM BEACH FL 5/13/2020 $105,733
DELTA AIR LINES INC. ATLANTA GA 4/20/2020 $5,593,698,668
AIRSTAR INC. BISHOP GA 5/6/2020 $314,714
EXPRESSJET AIRLINES LLC COLLEGE PARK GA 5/11/2020 $113,064,836
AIRSTAT INC. GROVETOWN GA 5/6/2020 $49,370
ROTORWORKS LLC HIRAM GA 5/21/2020 $111,155
MEDWAY AIR AMBULANCE LLC LAWRENCEVILLE GA 4/20/2020 $2,463,660
CCM COMPANY HOLDINGS INC. LAWRENCEVILLE GA 4/29/2020 $2,472,299
9
Participant City State Agreement Date Payroll Support
NOVICTOR AVIATION LLC HONOLULU HI 4/20/2020 $452,104
SCHUMAN AVIATION COMPANY LTD MKHA-108K HONOLULU HI 4/20/2020 $2,036,555
HAWAIIAN AIRLINES INC. HONOLULU HI 4/22/2020 $300,925,853
MID-PACIFIC AIR SERVICE LLC HONOLULU HI 5/13/2020 $180,601
HAWAII PACIFIC AVIATION INC. KAILUA KONA HI 5/21/2020 $814,173
K&S HELICOPTERS INC KAILUA KONA HI 6/1/2020 $1,845,087
JACK HARTER HELICOPTERS INC. LIHUE HI 5/19/2020 $1,154,389
MIDWEST FLYING SERVICE SHELDON IA 4/27/2020 $76,296
STOUT FLYING SERVICE INC LEWISTON ID 4/29/2020 $117,714
MCCALL AVIATION INC. MCCALL ID 5/7/2020 $230,656
AVCENTER INC POCATELLO ID 5/19/2020 $992,244
AVIATION ADVISOR INC. ANTICOH IL 9/28/2020 $1,314,812
UNITED AIRLINES INC. CHICAGO IL 4/20/2020 $5,102,033,567
BLATTI AVIATION INC. (withdrawn) ELWOOD IL 4/20/2020 $74,096
JET AIR INC. GALESBURG IL 5/18/2020 $1,335,378
VALLEY AIR SERVICE INC. GENEVA IL 4/23/2020 $52,871
DUPAGE AEROSPACE CORP WEST CHICAGO IL 5/13/2020 $875,414
PRIESTER AVIATION WHEELING IL 4/20/2020 $4,612,174
NORTHERN ILLINOIS FLIGHT CENTER WHEELING IL 4/29/2020 $985,389
SOLUTIONS AIR CHARTERS LLC BLOOMINGTON IN 8/26/2020 $45,600
COLEMAN JET LLC GARY IN 4/29/2020 $287,644
AIRCRAFT CHARTER SERVICES INC. GOSHEN IN 4/29/2020 $351,418
REPUBLIC AIRWAYS INC. (F/K/A REPUBLIC AIRLINE INC.) INDIANAPOLIS IN 5/12/2020 $211,949,425
FIRST WING MANAGEMENT LLC INDIANAPOLIS IN 6/3/2020 $542,932
IMAGE AIR CHARTER LLC WARSAW IN 4/20/2020 $707,285
EXECUTIVE FLIGHT SERVICES LLC LENEXA KS 5/13/2020 $7,129,246
LYDDON AERO CENTER INC. LIBERAL KS 4/20/2020 $398,780
AIRMD LLC WICHITA KS 6/12/2020 $4,538,235
NEXGEN AVIATION LLC LEXINGTON KY 4/20/2020 $378,510
TRITON AIRWAYS LLC LEXINGTON KY 7/31/2020 $348,915
CREW AVIATION LLC LOUISVILLE KY 6/25/2020 $506,296
BTR AIR CHARTER & MANAGEMENT INC. BATON ROUGE LA 5/14/2020 $103,058
ROTORCRAFT LEASING COMPANY LLC BROUSSARD LA 5/8/2020 $6,473,231
AIR MED SERVICES L.L.C. LAFAYETTE LA 5/12/2020 $3,129,506
JPS AVIATION LLC MONROE LA 5/11/2020 $581,354
METRO AVIATION INC. SHREVEPORT LA 5/28/2020 $41,488,592
NEW ENGLAND LIFE FLIGHT INC. BEDFORD MA 5/19/2020 $1,312,077
AIR-TAXI SERVICE AND SUPPORT LLC BEDFORD MA 6/10/2020 $122,407
HYANNIS AIR SERVICE INC. HYANNIS MA 4/20/2020 $15,146,061
PRO AIRWAYS LLC. PLYMOUTH MA 4/20/2020 $580,034
EAST COAST FLIGHT SERVICES INC. EASTON MD 4/20/2020 $239,671
TRIDENT AIRCRAFT INC. EASTON MD 5/13/2020 $760,139
10
Participant City State Agreement Date Payroll Support
K&R AVIATION LLC DBA OPENAIR GAITHERSBURG MD 6/2/2020 $138,277
IBW AIR SERVICES LLC MIDDLE RIVER MD 6/9/2020 $1,305,525
SKYTECH TRAVEL LLC WESTMINSTER MD 7/1/2020 $378,281
ELITE AIRWAYS LLC PORTLAND ME 4/29/2020 $11,276,814
MAINE AVIATION AIRCRAFT CHARTER SOUTH PORTLAND ME 7/2/2020 $1,784,142
GREAT LAKES AIR INC. ALPENA MI 5/15/2020 $62,487
BUSINESS JET MANAGERS INC. CANTON MI 4/29/2020 $230,266
FRESH AIR AVIATION CHARLEVOIX MI 4/24/2020 $177,399
MCPHILLIPS FLYING SERVICE INC. CHARLEVOIX MI 4/29/2020 $320,151
NORTH COUNTRY AVIATION INC. GAYLORD MI 4/29/2020 $283,489
NORTHERN JET MANAGEMENT INC. GRAND RAPIDS MI 4/29/2020 $2,944,177
PARADIGM JET MANAGEMENT INC. MUSKEGON MI 4/20/2020 $947,678
RAI JETS LLC STURGIS MI 4/29/2020 $308,159
CORPORATE FLIGHT INC. WATERFORD MI 4/29/2020 $463,271
PENTASTAR AVIATION CHARTER INC. WATERFORD MI 5/12/2020 $698,464
CLUB JET CHARTER LLC EDEN PRAIRIE MN 5/20/2020 $1,034,921
SCOTT’S HELICOPTER SERVICES INC. LE SUEUR MN 7/6/2020 $932,469
SOUTHWEST AVIATION INC MARSHALL MN 7/16/2020 $778,671
SUN COUNTRY INC. MINNEAPOLIS MN 4/20/2020 $62,311,885
GOJET AIRLINES LLC BRIDGETON MO 4/24/2020 $36,483,050
AERO CHARTER INC. CHESTERFIELD MO 5/1/2020 $1,770,598
STAR MARIANAS AIR INC. TINIAN MP 7/10/2020 $1,293,523
SUMMIT AVIATION INC. BELGRADE MT 4/29/2020 $1,015,436
EXEC AIR MONTANA INC. HELENA MT 4/30/2020 $482,582
DAVINCI JETS LLC CHARLOTTE NC 4/20/2020 $2,653,709
FLYCAROLINA LLC CHARLOTTE NC 5/12/2020 $341,056
EXCLUSIVE JETS LLC KINSTON NC 5/13/2020 $7,596,221
SKY NIGHT LLC KINSTON NC 5/13/2020 $342,733
CAUSEY AVIATION SERVICE INC. LIBERTY NC 5/8/2020 $1,003,451
FLIGHT GROUP CORPORATION MORRISVILLE NC 6/10/2020 $1,201,879
JEM AIR HOLDINGS LLC RALEIGH NC 5/5/2020 $163,372
ORION AVIATION INC. SILER CITY NC 6/11/2020 $13,213
EXECUTIVE AIR TAXI CORPORATION BISMARCK ND 6/1/2020 $661,768
TREGO DUGAN AVIATION INC. NORTH PLATTE NE 4/29/2020 $719,439
JET LINX AVIATION LLC OMAHA NE 4/23/2020 $20,612,968
DAE AVIATION ENTERPRISES CORP GILFORD NH 5/22/2020 $136,144
JOE BRIGHAM INC. PEMBROKE NH 5/22/2020 $1,235,716
COBALT AIR LLC PORTSMOUTH NH 6/4/2020 $7,088,469
AIR NEW ENGLAND LLC PORTSMOUTH NH 7/6/2020 $101,738
ELEVATE JET LLC SEABROOK NH 5/21/2020 $976,764
SUNNYFIELD AVIATION ASSOCIATES LLC MORRISTOWN NJ 4/24/2020 $104,390
EL AERO SERVICES ELKO NV 5/13/2020 $420,832
11
Participant City State Agreement Date Payroll Support
ALLEGIANT AIR LLC LAS VEGAS NV 4/20/2020 $176,889,331
GREAT WESTERN AIR LLC LAS VEGAS NV 4/29/2020 $1,923,729
MERCY FLIGHT CENTRAL INC. CANANDAIGUA NY 5/11/2020 $1,508,375
NORTHEASTERN AVIATION CORP FARMINGDALE NY 4/20/2020 $1,921,780
VENTURA AIR SERVICES INC. FARMINGDALE NY 4/29/2020 $545,845
TALON AIR LLC FARMINGDALE NY 5/27/2020 $5,352,922
THUNDERUN AVIATION CORPORATION GLENWOOD NY 5/15/2020 $202,126
WINGS AIR HELICOPTERS LLC HARRISON NY 4/29/2020 $205,672
JETBLUE AIRWAYS CORPORATION LONG ISLAND CITY NY 4/23/2020 $962,842,466
WHEELS UP PARTNERS HOLDINGS LLC NEW YORK NY 6/10/2020 $76,375,714
PIONEER BUSINESS SERVICES LLC NEWBURGH NY 5/19/2020 $994,235
TAILWIND AIR LLC RYE BROOK NY 4/29/2020 $739,153
GO AVIATION INC. SARANAC LAKE NY 5/8/2020 $168,513
UNDERHILL HOLDINGS LLC SCARSDALE NY 4/29/2020 $719,476
ALTIUS AVIATION LLC SYRACUSE NY 4/24/2020 $332,279
HOPSCOTCH AIR INC WHITE PLAINS NY 4/29/2020 $112,896
MIDWEST JET CENTER LLC/MIDWEST JET MANAGEMENT LLC CINCINNATI OH 6/8/2020 $1,208,778
ONE SKY FLIGHT LLC CLEVELAND OH 5/5/2020 $80,671,375
SKY QUEST LLC CLEVELAND OH 5/19/2020 $2,264,706
CAPITAL CITY JET CENTER INC COLUMBUS OH 4/29/2020 $352,314
JETSELECT LLC COLUMBUS OH 5/14/2020 $2,869,303
ULTIMATE JETCHARTERS LLC NORTH CANTON OH 4/20/2020 $2,910,427
CHAMPLAIN ENTERPRISES LLC NORTH OLMSTED OH 4/20/2020 $26,439,393
AMERICAN JET CHARTER INC. BETHANY OK 4/24/2020 $156,879
OMNI AIR INTERNATIONAL LLC TULSA OK 9/30/2020 $67,427,857
COLUMBIA HELICOPTERS INC. AURORA OR 5/19/2020 $35,296,583
PACJET INC GRANTS PASS OR 4/20/2020 $55,067
HILLSBORO AVIATION INC. HILLSBORO OR 4/24/2020 $2,933,123
PREMIER JETS INC. HILLSBORO OR 5/12/2020 $533,910
GLOBAL AVIATION INC HILLSBORO OR 6/11/2020 $1,653,171
PRECISION LLC MCMINNVILLE OR 4/29/2020 $1,474,420
EAST COAST JETS INC ALLENTOWN PA 4/20/2020 $1,149,363
PUBLIC CHARTERS INC AVOCA PA 4/20/2020 $107,743
TRUE AVIATION CHARTER SERVICES LLC GOULDSBORO PA 5/26/2020 $418,701
L.J. ASSOCIATES INC. LATROBE PA 4/20/2020 $3,190,106
AIRCRAFT MANAGEMENT GROUP MOON TOWNSHIP PA 4/29/2020 $1,177,280
EASTERN AIRLINES LLC WAYNE PA 4/20/2020 $9,527,690
CORPORATE AIR LLC WEST MIFFLIN PA 6/26/2020 $3,000,105
HOLMAN LEASING SYSTEMS INC. ZELIENOPLE PA 4/20/2020 $797,822
M&N AVIATION INC CAROLINA PR 6/2/2020 $279,540
VIEQUES AIR LINK INC VIEQUES PR 5/27/2020 $635,806
NEW ENGLAND AIRLINES INC. WESTERLY RI 5/14/2020 $365,901
12
Participant City State Agreement Date Payroll Support
AIR CHARTER EXPRESS INC GREENVILLE SC 5/13/2020 $6,154
SAI FLIGHT SERVICES INC. GREER SC 6/10/2020 $33,613
JET LOGISTICS INC. JOHNS ISLAND SC 4/20/2020 $796,515
HELICOPTER SOLUTIONS INC. MYRTLE BEACH SC 5/13/2020 $486,346
EXCEL AIRE LLC NORTH CHARLESTON SC 7/6/2020 $2,335,097
HEARTLAND AVIATION LLC NORTH CHARLESTON SC 7/6/2020 $493,447
FENIX AIR CHARTER LLC SPARTANBURG SC 5/22/2020 $59,734
HANGAR TWELVE LLC SUMTER SC 7/1/2020 $72,775
BANKAIR INC WEST COLUMBIA SC 5/8/2020 $324,135
COLUMBIA AVIATION INC WEST COLUMBIA SC 7/23/2020 $142,178
EAGLE AVIATION INC. WEST COLUMBIA SC 8/31/2020 $1,779,758
ABERDEEN FLYING SERVICE ABERDEEN SD 4/20/2020 $241,568
CAPITAL CITY AIR CARRIER INC. PIERRE SD 9/30/2020 $316,759
BLACK HILLS HELICOPTERS INC RAPID CITY SD 4/29/2020 $75,592
GRANDE AVIATION LLC KNOXVILLE TN 4/24/2020 $805,221
HESSJET LLC MCDONALD TN 6/16/2020 $99,932
AIRCRAFT CHARTER MANAGEMENT EXPERTS NASHVILLE TN 4/29/2020 $678,292
JETRIGHT AEROSPACE HOLDINGS LLC NASHVILLE TN 6/18/2020 $131,750
JETRIGHT AIR MANAGEMENT LLC (withdrawn) NASHVILLE TN 8/5/2020 $678,355
CORPORATE FLIGHT MANAGEMENT INC. SMYRNA TN 4/20/2020 $7,195,699
PLANESMART! AVIATION LLC ADDISON TX 4/20/2020 $590,251
WINDSTAR AVIAITION ADDISON TX 5/13/2020 $109,642
RR INVESTMENTS INC ADDISON TX 5/19/2020 $4,123,675
NORTH DALLAS AVIATION INC ADDISON TX 7/24/2020 $370,737
TIDAL AVIATION LLC BROOKSHIRE TX 5/26/2020 $224,422
STERLING AIR SERVICE LLC CORPUS CHRISTI TX 4/29/2020 $442,986
WORLD CLASS JET DALLAS TX 4/20/2020 $827,001
SOUTHWEST AIRLINES CO. DALLAS TX 4/23/2020 $3,353,526,454
DELUX PUBLIC CHARTER LLC DALLAS TX 5/7/2020 $9,217,799
SUPERIOR AIR CHARTER LLC DALLAS TX 10/16/2020 $6,484,308
AMERICAN AIRLINES INC. FORT WORTH TX 4/20/2020 $5,982,831,389
CAREFLITE GRAND PRAIRIE TX 5/14/2020 $15,183,840
AMERICAN JET INTERNATIONAL CORP HOUSTON TX 4/20/2020 $1,480,282
WING AVIATION CHARTER SERVICES LLC HOUSTON TX 4/20/2020 $4,877,533
TEM ENTERPRISES HOUSTON TX 4/23/2020 $600,454
CAPITAL JET INC. HOUSTON TX 4/24/2020 $93,141
AVALAIR AIRCRAFT MANAGEMENT LLC HOUSTON TX 5/12/2020 $349,041
STARFLITE MANAGEMENT GROUP INC HOUSTON TX 5/13/2020 $856,850
EMPYREAL JET INC HOUSTON TX 5/20/2020 $89,899
THUNDERBIRD AIRWAYS INC. HOUSTON TX 5/26/2020 $35,452
COCKRELL RESOURCES INC. HOUSTON TX 7/6/2020 $1,655,976
O’HARA AVIATION MANAGEMENT SERVICES LC MCKINNEY TX 6/3/2020 $1,960,134
13
Participant City State Agreement Date Payroll Support
HASKIN AVIATION LLC MIDLAND TX 5/12/2020 $165,283
TODDCOE ENTERPRISES LLC NEW BRAUNFELS TX 7/1/2020 $132,621
TOWER AVIATION MANAGEMENT LLC PFLUGERVILLE TX 4/24/2020 $267,439
GULF COAST AVIATION INC. ROSENBERG TX 6/5/2020 $984,234
ALAMO HELICOPTER TOURS SAN ANTONIO LLC SAN ANTONIO TX 4/29/2020 $24,088
MOUNTAIN HIGH AVIATION LLC SAN ANTONIO TX 7/15/2020 $127,962
BERRY AVIATION INC. SAN MARCOS TX 6/22/2020 $9,491,618
FREEDOM JETS LLC SEGUIN TX 7/1/2020 $742,749
ALLIANT AVIATION LLC SALT LAKE CITY UT 5/19/2020 $207,553
KEYSTONE AVIATION LLC SALT LAKE CITY UT 6/2/2020 $953,946
SKYWEST AIRLINES INC. ST. GEORGE UT 4/23/2020 $450,701,094
MERIDIAN AIR GROUP INC CHARLOTTESVILLE VA 4/29/2020 $274,499
CHANTILLY AIR INC. MANASSAS VA 5/11/2020 $1,462,991
DOMINION AVIATION SERVICES INC. RICHMOND VA 4/29/2020 $1,553,238
MARTINAIR INC. RICHMOND VA 4/29/2020 $1,368,514
GOLD AERO INC. ARLINGTON WA 7/7/2020 $23,797
SAN JUAN AIRLINES (RUGBY AVIATION LLC) BELLINGHAM WA 4/24/2020 $361,790
ISLAND AIR INC FRIDAY HARBOR WA 4/20/2020 $509,910
KENMORE AIR HARBOR LLC KENMORE WA 4/27/2020 $2,992,504
RITE BROS. AVIATION INC. PORT ANGELES WA 4/20/2020 $188,353
ALASKA AIRLINES INC. SEATTLE WA 4/23/2020 $1,020,911,166
AIR WISCONSIN AIRLINES LLC APPLETON WI 4/20/2020 $42,184,798
RED WING AEROPLANE COMPANY BAY CITY WI 4/29/2020 $2,777,034
WISCONSIN AVIATION FOUR LAKES INC. MADISON WI 6/30/2020 $1,905,135
JET OUT LLC MILWAUKEE WI 4/29/2020 $132,826
SC AVIATION INC. MONROE WI 6/9/2020 $4,749,989
MAXAIR INCORPORATED (withdrawn) OSHKOSH WI 4/20/2020 $172,007
MOUNTAIN AIR SERVICES LLC MORGANTOWN WV 7/31/2020 $104,848
14
Table 2 - Cargo Air Carriers
Participant City State Agreement Date Payroll Support
NORTHERN AIR CARGO LLC ANCHORAGE AK 5/15/2020 $21,138,005
LYNDEN AIR CARGO LLC ANCHORAGE AK 5/27/2020 $21,761,805
70 NORTH LLC CHUGIAK AK 7/2/2020 $208,765
WEST AIR INC. FRESNO CA 7/24/2020 $2,974,054
CATALINA FLYING BOATS INC. LONG BEACH CA 5/12/2020 $569,176
PAK WEST AIRLINES INC. OAKDALE CA 6/2/2020 $1,698,843
MAUNA HELE LLC BOULDER CO 7/1/2020 $85,182
21 AIR LLC DORA FL 5/8/2020 $2,305,289
WESTERN GLOBAL AIRLINES LLC ESTERO FL 6/5/2020 $34,770,163
IBC AIRWAYS INC. FT. LAUDERDALE FL 6/16/2020 $3,222,391
SKYWAY ENTERPRISES INC. KISSIMMEE FL 8/5/2020 $403,408
LEGACY AIRWAYS LLC LAKELAND FL 5/12/2020 $449,592
AMERIJET INTERNATIONAL INC. MIAMI FL 5/8/2020 $30,352,860
SKY LEASE I INC. MIAMI FL 5/19/2020 $13,659,484
CONQUEST AIR INC. MIAMI LAKES FL 5/8/2020 $378,782
NATIONAL AIR CARGO GROUP INC. ORLANDO FL 5/11/2020 $15,817,488
AEKO KULA LLC HONOLULU HI 5/15/2020 $15,346,789
KAMAKA AIR INC. HONOLULU HI 5/26/2020 $602,339
EMPIRE AIRLINES INC. HAYDEN ID 7/1/2020 $14,467,146
GEM AIR LLC SALMON ID 5/26/2020 $337,215
ACTIVE AERO GROUP - USA JET AIRLINES BELLEVILLE MI 5/19/2020 $21,673,914
IFL GROUP INC. WATERFORD MI 5/13/2020 $1,920,149
GULF & CARIBBEAN CARGO INC. WATERFORD MI 5/21/2020 $7,856,911
KALITTA AIR LLC YPSILANTI MI 9/17/2020 $161,458,421
BEMIDJI AVIATION SERVICES INC BEMIDJI MN 5/11/2020 $2,182,229
FLIGHT LEVEL AVIATION LLC. BEMIDJI MN 5/11/2020 $106,232
SUBURBAN AIR FREIGHT INC. OMAHA NE 7/15/2020 $1,194,590
ATLAS AIR INC. PURCHASE NY 5/29/2020 $406,842,820
CASTLE AVIATION INC NORTH CANTON OH 5/12/2020 $1,177,672
AIR TRANSPORT INTERNATIONAL INC. WILMINGTON OH 5/29/2020 $8,330,000
BUSINESS AVIATION COURIER INC SIOUX FALLS SD 5/11/2020 $1,206,698
GTA AIR INC. ADDISON TX 5/13/2020 $919,148
AMERIFLIGHT LLC DFW AIRPORT TX 6/9/2020 $15,804,274
ALPINE AVIATION INC. PROVO UT 8/18/2020 $4,460,112
BOHLKE LLC ST. CROIX VI 6/22/2020 $1,653,831
AIRPAC AIRLINES INC. SEATTLE WA 5/22/2020 $218,717
FREIGHT RUNNERS EXPRESS INC. MILWAUKEE WI 5/8/2020 $2,767,691
AIR CARGO CARRIERS LLC MILWAUKEE WI 6/15/2020 $6,156,554
15
16
Table 3 - Contractors
Participant City State Agreement Date Payroll Support
BAC TRANSPORTATION LLC ANCHORAGE AK 6/2/2020 $1,056,326
OMNI LOGISTICS INC. FAIRBANKS AK 5/26/2020 $349,044
SOUTHERN SKY AVIATION MAINTENANCE LLC BIRMINGHAM AL 6/8/2020 $750,841
GLOBAL K9 PROTECTION GROUP LLC OPELIKA AL 5/19/2020 $2,750,538
REGIONAL JET CENTER INC. BENTONVILLE AR 6/10/2020 $610,284
PHOENIX-MESA GATEWAY AIRPORT MESA AZ 6/23/2020 $611,440
BIRD ACQUISITION LLC PHOENIX AZ 5/27/2020 $4,599,723
PACIFIC AVIATION LLC EL SEGUNDO CA 5/21/2020 $12,687,657
S A S SERVICES GROUP INC EL SEGUNDO CA 6/9/2020 $10,015,992
AIR FAYRE CA INC GARDENA CA 7/2/2020 $2,660,545
CHASE PACKAGING LLC GARDENA CA 7/24/2020 $955,767
THE LANDLINE COMPANY HAWTHORNE CA 6/23/2020 $383,475
AIRPORT TERMINAL MANAGEMENT INC. INGLEWOOD CA 5/28/2020 $12,393,304
THOMAS GLOBAL SYSTEMS LLC IRVINE CA 7/24/2020 $541,476
AERONAUTICAL TECHNOLOGY INC LONG BEACH CA 6/11/2020 $977,974
SIA ENGINEERING (USA) INC LOS ANGELES CA 5/18/2020 $3,929,425
HACOR INC. LOS ANGELES CA 5/26/2020 $8,899,322
AERO PORT SERVICES INC. LOS ANGELES CA 5/27/2020 $279,929
CALOP BUSINESS SYSTEMS INC. LOS ANGELES CA 6/1/2020 $4,246,029
ALOHA CONTRACT SERVICES LLC LOS ANGELES CA 7/1/2020 $1,303,007
PACIFIC AIR CARGO COMPANY LLC LOS ANGELES CA 7/6/2020 $1,829,613
SAS GROUP LOS ANGELES CA 7/17/2020 $200,598
KAISERAIR INC. OAKLAND CA 8/12/2020 $1,695,388
STANDARD AERO SERV LLC PLAYA DEL REY CA 7/9/2020 $189,022
SACRAMENTO INTERNATIONAL JET CENTER INC. SACRAMENTO CA 7/7/2020 $1,153,907
UNICAL MRO INC. SAN BERNARDINO CA 7/8/2020 $4,201,736
SPRINGSHOT INC. SAN FRANCISCO CA 6/24/2020 $1,315,507
POLARIS RESEARCH & DEVELOPMENT INC. SAN FRANCISCO CA 8/3/2020 $883,140
AMI WINES LLC SANTA MONICA CA 5/22/2020 $145,001
IDA FOODS LLC SANTA MONICA CA 5/22/2020 $315,167
AMI INFLIGHT INC SANTA MONICA CA 6/5/2020 $863,089
NEW SONOMA FBO INC. SANTA ROSA CA 5/19/2020 $641,220
HAWKER PACIFIC AEROSPACE SUN VALLEY CA 7/7/2020 $8,913,198
INDEPENDENT CARGO SECURITY SCREENING LLC TORRANCE CA 5/18/2020 $455,397
MERCURY AIR CARGO INC TORRANCE CA 5/19/2020 $12,209,963
PASSUR AEROSPACE INC. STAMFORD CT 7/7/2020 $3,003,195
AIRPORT SHOPPES CORP. CAROLINA FL 7/14/2020 $3,654,992
AERSALE INC. CORAL GABLES FL 6/9/2020 $12,692,702
FUEL FX INC. CRESTVIEW FL 5/15/2020 $166,373
JETSCAPE SERVICES LLC FORT LAUDERDALE FL 6/5/2020 $400,735
FLIGHTSTAR AIRCRAFT SERVICES LLC JACKSONVILLE FL 6/9/2020 $15,583,313
JETSTREAM GROUND SERVICES INC. JUPITER FL 5/19/2020 $13,117,705
APEX EXECUTIVE JET CENTER INC. MELBOURNE FL 7/1/2020 $473,791
AVIATION MAIN SERVICES INC MIAMI FL 5/18/2020 $684,887
BARFIELD INC. MIAMI FL 5/20/2020 $7,944,843
AMERICAN SALES AND MANAGEMENT ORG. LLC MIAMI FL 5/29/2020 $25,812,052
ULTRA AVIATION SERVICES INC. MIAMI FL 6/10/2020 $6,471,889
TOTAL AIR SERVICES INC. MIAMI FL 6/15/2020 $65,448
AGI-CFI HOLDINGS INC. MIAMI FL 6/26/2020 $37,500,000
17
Participant City State Agreement Date Payroll Support
AEROTECH MIAMI INC. MIAMI FL 7/22/2020 $3,299,139
F&E AIRCRAFT MAINTEANCE (MIAMI) LLC MIAMI SPRINGS FL 6/18/2020 $18,649,848
FSM GROUP LLC ORLANDO FL 6/8/2020 $2,601,000
SIGNATURE FLIGHT SUPPORT LLC ORLANDO FL 6/19/2020 $79,842,985
GROUND SERVICES INTERNATIONAL INCORPORATED ORLANDO FL 7/10/2020 $48,061,299
ALPHA INFLIGHT US LLC SANFORD FL 6/23/2020 $200,737
ORLANDO SANFORD INTERNATIONAL INC. SANFORD FL 9/8/2020 $2,840,700
AVIATION CONCEPTS INC. SUNRISE FL 6/30/2020 $606,140
GLOBAL AVIATION SERVICES USA INC TAMPA FL 6/17/2020 $2,818,278
EN ROUTE INTERNATIONAL USA INC ATLANTA GA 7/1/2020 $132,700
DAL GLOBAL SERVICES LLC ATLANTA GA 7/10/2020 $162,373,028
QUANTUM AVIATION SOLUTIONS INC. DULUTH GA 5/27/2020 $276,758
AVIATION LOGISTICS LLC LITHONIA GA 5/19/2020 $1,311,053
GAT AIRLINE GROUND SUPPORT INC. PEACHTREE CITY GA 5/27/2020 $27,208,037
ACTION FUEL INC. KAHULUI HI 8/5/2020 $57,013
FLIGHT CHECK COMMERCIAL AVIATION SERVICES LLC BENSENVILLE IL 5/28/2020 $3,613,459
U.S. AVIATION SERVICES CORP. CHICAGO IL 5/26/2020 $9,544,678
FLYING FOOD FARE INC. CHICAGO IL 6/11/2020 $85,020,818
GAITROS AVIATION LLC DECATUR IL 5/27/2020 $58,309
ACTS-AVIATION SECURITY INC. DES PLAINES IL 6/24/2020 $10,829,005
PROSPECT AIRPORT SERVICES INC. DES PLAINES IL 7/10/2020 $73,263,755
MICHAEL LEWIS COMPANY MCCOOK IL 5/26/2020 $6,388,869
ORD LIFT & GSE INC MELROSE PARK IL 6/12/2020 $378,566
QCIA AIRPORT SERVICES LLC. MOLINE IL 7/6/2020 $305,019
PIA AVCENTER LLC PEOIRA IL 6/9/2020 $298,177
THE FLIGHTSTAR CORPORATION SAVOY IL 5/26/2020 $4,078,501
SPRINGFIELD AIRPORT AUTHORITY SPRINGFIELD IL 6/15/2020 $166,275
AAR CORP. WOOD DALE IL 7/30/2020 $57,180,647
BMG AVIATION INC BLOOMINGTON IN 7/2/2020 $113,815
TRI-STATE AERO INC EVANSVILLE IN 6/5/2020 $528,413
MRA SYSTEMS LLC BALTIMORE MD 8/25/2020 $71,129,103
BAY LAND AVIATION INC SALISBURY MD 6/12/2020 $82,960
LCL ASSOCIATE PORTLAND ME 6/24/2020 $671,722
NORTHEAST AIR PORTLAND ME 7/10/2020 $940,447
MAC JETS LLC SOUTH PORTLAND ME 7/2/2020 $205,685
MAINE AVIATION AIRCRAFT MAINTENANCE SOUTH PORTLAND ME 7/2/2020 $728,044
AVFLIGHT COLUMBUS CORPORATION ANN ARBOR MI 7/2/2020 $134,738
AVFLIGHT DURANGO CORPORATION ANN ARBOR MI 7/2/2020 $218,259
AVFLIGHT FLINT CORPORATION ANN ARBOR MI 7/2/2020 $229,596
AVFLIGHT GRAND FORKS CORPORATION ANN ARBOR MI 7/2/2020 $212,321
AVFLIGHT GUNNISON CORPORATION ANN ARBOR MI 7/2/2020 $160,869
AVFLIGHT HARRISBURG CORPORATION ANN ARBOR MI 7/2/2020 $499,257
AVFLIGHT LANSING CORPORATION ANN ARBOR MI 7/2/2020 $446,206
AVFLIGHT MILWAUKEE CORPORATION ANN ARBOR MI 7/2/2020 $261,240
AVFLIGHT MINOT CORPORATION ANN ARBOR MI 7/2/2020 $222,709
AVFLIGHT MONROE CORPORATION ANN ARBOR MI 7/2/2020 $201,323
AVFLIGHT ROCHESTER CORPORATION ANN ARBOR MI 7/2/2020 $365,752
AVFLIGHT ROSWELL CORPORATION ANN ARBOR MI 7/2/2020 $326,825
AVFLIGHT SAGINAW CORPORATION ANN ARBOR MI 7/2/2020 $329,181
AVFLIGHT SALINA CORPORATION ANN ARBOR MI 7/2/2020 $187,456
AVFLIGHT SERVICES CORPORATION ANN ARBOR MI 7/2/2020 $1,143,557
18
Participant City State Agreement Date Payroll Support
AVFLIGHT TRAVERSE CITY CORPORATION ANN ARBOR MI 7/2/2020 $305,544
AVFLIGHT WILLOW RUN CORPORATION ANN ARBOR MI 7/2/2020 $251,471
AVFUEL CORPORATION ANN ARBOR MI 7/15/2020 $4,518,155
AVFLIGHT AKRON-CANTON CORPORATION ANN ARBOR MI 7/24/2020 $251,564
IMMACULATE FLIGHT LLC GRAND RAPIDS MI 6/26/2020 $1,721,495
J&CD INC. NOVI MI 7/7/2020 $207,381
OISHI LLC NOVI MI 7/7/2020 $193,970
PJI CORP. NOVI MI 7/7/2020 $153,329
MONACO AIR DULUTH LLC DULUTH MN 7/24/2020 $595,202
EINARSON BROTHERS FLYING SERVICE INC. INTERNATIONAL FALLS MN 5/27/2020 $64,906
SMARTE CARTE INC. ST. PAUL MN 5/29/2020 $14,837,166
BRANSON JETCENTER LLC HOLLISTER MO 6/4/2020 $315,346
BRANSON AIRPORT LLC HOLLISTER MO 7/1/2020 $328,218
AIRPORT TERMINAL SERVICES INC. ST. LOUIS MO 5/26/2020 $33,677,349
HOLMAN ENTERPRISES INC KALISPELL MT 5/19/2020 $441,934
HOLMAN ENTERPRISES INC ACWS-1 KALISPELL MT 6/2/2020 $157,754
MISSOULA COUNTY AIRPORT AUTHORITY MISSOULA MT 6/24/2020 $179,321
LATITUDE AERO LLC GREENSBORO NC 5/21/2020 $150,658
HAECO AIRFRAME SERVICES LLC GREENSBORO NC 6/2/2020 $35,993,499
HAECO AMERICAS LINE SERVICES LLC GREENSBORO NC 6/2/2020 $445,289
NATIONAL AVIATION SERVICES LLC. MOORESVILLE NC 5/18/2020 $8,339,425
NORTH STATE AVIATION HOLDINGS LLC. WINSTON-SALEM NC 9/8/2020 $1,656,158
BISMARCK AERO CENTER CORP. BISMARCK ND 5/21/2020 $578,819
JAMESTOWN JET CENTER INC JAMESTOWN ND 6/25/2020 $7,015
TREGO DUGAN AVIATION OF GRAND ISLAND INC. GRAND ISLAND NE 5/15/2020 $6,910,746
AIR GENERAL INC. PORTSMOUTH NH 5/15/2020 $10,605,566
GREAT CIRCLE CATERING LLC PORTSMOUTH NH 6/26/2020 $319,752
PORT CITY AIR INC. PORTSMOUTH NH 7/15/2020 $1,410,326
PRIVATE JET SERVICES GROUP. LLC SEABROOK NH 6/24/2020 $1,618,300
LIMA CLEANING LLC NEWARK NJ 6/1/2020 $323,656
LISBON CLEANING INC NEWARK NJ 6/1/2020 $2,352,949
RIO CLEANING COMPANY LLC NEWARK NJ 6/1/2020 $382,631
GATEWAY SECURITY INC NEWARK NJ 6/5/2020 $5,435,098
GROUPONE LLC NEWARK NJ 6/26/2020 $6,452,402
JET CENTER AT SANTA FE OPERATIONS LLC SANTA FE NM 5/15/2020 $277,354
SANTA FE AERO SERVICES LLC SANTA FE NM 6/25/2020 $121,713
MOUNTAIN WEST EKO LLC ELKO NV 6/8/2020 $87,757
THE GREATEST SKYCAPS INC DBA TGS AVIATION SERVICES LAS VEGAS NV 6/24/2020 $178,153
PRIOR AVIATION SERVICE INC. (withdrawn) BUFFALO NY 6/17/2020 $1,770,038
GLOBAL SECURITY CONSULTING GROUP INC. GARDEN CITY NY 5/26/2020 $7,347,488
GLOBAL AVIATION MANAGEMENT GROUP CORP. GARDEN CITY NY 7/20/2020 $1,206,434
TAUGHANNOCK AVIATION CORP ITHACA NY 5/22/2020 $700,425
BURBANK SECURITY SERVICES INC. JAMAICA NY 5/15/2020 $691,880
MSN AIR SERVICE INC JAMAICA NY 5/18/2020 $1,182,265
PACIFIC ATLANTIC HANDLING LLC JAMAICA NY 5/18/2020 $832,304
PAX ASSIST INC JAMAICA NY 5/20/2020 $6,988,241
MACH II MAINTENANCE CORP JAMAICA NY 5/28/2020 $1,700,257
WORLDWIDE FLIGHT SERVICES INC. JAMAICA NY 6/9/2020 $107,243,890
BORENSTEIN CATERERS INC JAMAICA NY 6/12/2020 $2,758,079
JFK INTERNATIONAL AIR TERMINAL LLC JAMAICA NY 6/30/2020 $4,745,202
DO & CO NEW YORK CATERING INC. JAMAICA NY 7/7/2020 $11,250,020
19
Participant City State Agreement Date Payroll Support
ARK MANAGEMENT SERVICES LLC JAMAICA NY 7/10/2020 $385,302
LODGING SOLUTIONS LLC MELVILLE NY 9/4/2020 $6,621,445
USAIRPORTS FLIGHT SUPPORT LLC ROCHESTER NY 5/29/2020 $896,926
SUMMIT SECURITY SERVICES INC. UNIONDALE NY 5/19/2020 $5,517,153
JET WAY AVIATION SERVICES LLC VALLEY STREAM NY 5/19/2020 $1,216,926
TRIANGLE AVIATION SERVICES INC VALLEY STREAM NY 5/22/2020 $1,359,409
TRIANGLE SERVICES OF FLORIDA INC VALLEY STREAM NY 5/22/2020 $6,395,074
JET WAY SECURITY & INVESTIGATIONS LLC VALLEY STREAM NY 5/27/2020 $2,366,178
CONSTANT AVIATION LLC CLEVELAND OH 5/22/2020 $23,271,516
FLIGHT SERVICES AND SYSTEMS CLEVELAND OH 5/26/2020 $8,457,698
WINNER AVIATION CORPORATION VIENNA OH 6/2/2020 $781,568
GARAGE SCENES LTD. WESTERVILLE OH 5/19/2020 $147,298
BIZJET INTERNATIONAL SALES & SUPPORT INC TULSA OK 6/9/2020 $4,378,272
THE NORDAM GROUP LLC TULSA OK 6/19/2020 $54,044,828
LUFTHANSA TECHNIK COMPONENT SERVICES LLC TULSA OK 8/25/2020 $16,575,690
METAL INNOVATIONS INC. AURORA OR 5/26/2020 $530,506
LEADING EDGE JET CENTER LLC REDMOND OR 8/5/2020 $278,841
LEHIGH-NORTHAMPTON AIRPORT AUTHORITY ALLENTOWN PA 6/16/2020 $1,023,396
AVIATION TECHNOLOGIES INC AVOCA PA 6/15/2020 $581,628
CHECK TSA INC AVOCA PA 7/1/2020 $8,364
HALL TECHNICAL SERVICES LLC ELLWOOD CITY PA 6/24/2020 $1,180,183
HALL TECHNICAL SERVICES NY LLC ELLWOOD CITY PA 6/24/2020 $749,363
AIRPORT AVIATION SERVICES INC. CAROLINA PR 6/2/2020 $545,457
CAROLINA CATERING CORP. CAROLINA PR 6/2/2020 $1,699,013
OCEAN STATE AVIATION WARWICK RI 6/9/2020 $223,450
HAWTHORNE GLOBAL AVIATION SERVICES LLC NORTH CHARLESTON SC 7/6/2020 $2,495,409
WESTJET AIR CENTER INC RAPID CITY SD 5/20/2020 $137,836
GOURMET CATERING TO GO LLC NASHVILLE TN 5/19/2020 $194,726
JETRIGHT AVIATION MAINTENANCE LLC NASHVILLE TN 7/6/2020 $477,627
ABILENE AERO INC ABILENE TX 6/22/2020 $1,161,551
AIR WILMINGTON INC. AMARILLO TX 6/11/2020 $675,066
CLEAREDDIRECT LLC AUSTIN TX 6/15/2020 $1,341,885
SEMCO AEROSPACE TX LLC CAROLLTON TX 8/21/2020 $650,598
247 ON SITE LLC CORPUS CHRISTI TX 5/18/2020 $82,837
FOUR POINTS AERO SERVICES LLC DALLAS TX 5/27/2020 $625,508
MENZIES AVIATION INC. DALLAS FORT WORTH TX 6/19/2020 $111,055,082
AEROGROUND INC. FORT WORTH TX 9/17/2020 $7,336,433
TWG SUPPLY INC. GRAPEVINE TX 7/1/2020 $370,277
VALLEY INTERNATIONAL AIRPORT HARLINGEN TX 6/17/2020 $88,913
TIA AERONAUTICS INC. HARLINGEN TX 7/7/2020 $118,007
ACCUFLEET INTERNATIONAL INC. HOUSTON TX 5/19/2020 $3,828,092
TALLAHASSEE AVIATION PARTNERS LLC HOUSTON TX 5/27/2020 $213,150
GULFPORT AVIATION PARTNERS LLC HOUSTON TX 6/26/2020 $142,661
HOUSTON AVIATION PARTNERS LLC HOUSTON TX 6/26/2020 $821,028
INDIANAPOLIS AVIATION PARTNERS LLC HOUSTON TX 7/2/2020 $226,510
SAFETECH USA INC. HUMBLE TX 8/7/2020 $1,589,783
HUNTLEIGH USA CORPORATION IRVING TX 5/22/2020 $13,680,036
G2 SECURE STAFF L.L.C IRVING TX 6/9/2020 $81,380,837
SKY CHEFS INC. IRVING TX 7/30/2020 $214,175,084
TOTAL AIRPORT SERVICES LLC SPRING TX 5/22/2020 $20,828,745
PRIMEFLIGHT AVIATION SERVICES INC. SUGAR LAND TX 6/15/2020 $65,708,621
20
Participant City State Agreement Date Payroll Support
TRUMAN ARNOLD COMPANIES TEXARKANA TX 5/27/2020 $2,777,912
TOOELE COUNTY/WENDOVER AIRPORT WENDOVER UT 6/26/2020 $309,122
THALES USA INC ARLINGTON, VA 7/10/2020 $47,616,120
SWISSPORT USA INC. DULLES VA 7/10/2020 $170,172,676
HALLMARK AVIATION SERVICES L.P. DULLES VA 9/17/2020 $27,090,101
PROSEGUR SERVICES GROUP INC HERNDON VA 6/2/2020 $22,620,474
GATE GOURMET INC. RESTON VA 6/19/2020 $171,424,598
AERO INDUSTRIES INCORPORATED RICHMOND VA 5/15/2020 $474,915
COMMONWEALTH AVIATION SERVICE INC. RICHMOND VA 5/15/2020 $869,199
RICHMOND JET CENTER INC. RICHMOND VA 5/22/2020 $292,744
HERITAGE AVIATION INC SOUTH BURLINGTON VT 7/22/2020 $1,543,789
BELLINGHAM AVIATION SERVICES LLC BELLINGHAM WA 5/20/2020 $296,793
FLITELINE SERVICES INC. CWS EVERETT WA 5/26/2020 $245,206
PROPELLER AIRPORTS PAINE FIELD LLC Everett WA 6/9/2020 $343,699
AVIATION TECHNICAL SERVICES INC. EVERETT WA 6/15/2020 $39,949,510
MCGEE AIR SERVICES INC. RENTON WA 6/23/2020 $29,786,370
PACKERLAND AVIATION LLC GREEN BAY WI 6/18/2020 $444,041
MHI RJ AVIATION INC. BRIDGEPORT WV 7/13/2020 $23,375,121
21
Appendix B: Participants Providing Taxpayer Protection Instruments (Notes or Warrants)
Warrant
Agreement Payroll Note Principal Number of Exercise
Participant1 City2 State2 Date3 Support4 Amount5 Warrants6 Price7 Category
Passenger Air
AMERICAN AIRLINES INC. FORT WORTH TX 4/20/2020 $5,982,831,389 $1,764,849,417 14,107,509 $12.51 Carrier
Passenger Air
DELTA AIR LINES INC. ATLANTA GA 4/20/2020 $5,593,698,668 $1,648,109,600 6,757,317 $24.39 Carrier
Passenger Air
UNITED AIRLINES INC. CHICAGO IL 4/20/2020 $5,102,033,567 $1,500,610,070 4,763,841 $31.50 Carrier
Passenger Air
SOUTHWEST AIRLINES CO. DALLAS TX 4/23/2020 $3,353,526,454 $976,057,936 2,676,331 $36.47 Carrier
Passenger Air
ALASKA AIRLINES INC. SEATTLE WA 4/23/2020 $1,020,911,166 $276,273,350 881,480 $31.61 Carrier
JETBLUE AIRWAYS LONG ISLAND Passenger Air
CORPORATION CITY NY 4/23/2020 $962,842,466 $258,852,740 2,724,766 $9.50 Carrier
Passenger Air
SKYWEST AIRLINES INC. ST. GEORGE UT 4/23/2020 $450,701,094 $105,210,328 370,720 $28.38 Carrier
Passenger Air
SPIRIT AIRLINES INC. MIRAMAR FL 4/20/2020 $344,426,582 $73,327,975 520,797 $14.08 Carrier
Passenger Air
HAWAIIAN AIRLINES INC. HONOLULU HI 4/22/2020 $300,925,853 $60,277,756 509,964 $11.82 Carrier
Passenger Air
REPUBLIC AIRWAYS INC. INDIANAPOLIS IN 5/12/2020 $211,949,425 $33,584,827 8,092 $415.00 Carrier
Passenger Air
FRONTIER AIRLINES INC. DENVER CO 4/30/2020 $210,808,088 $33,242,426 13,752 $241.72 Carrier
Passenger Air
ALLEGIANT AIR LLC LAS VEGAS NV 4/20/2020 $176,889,331 $23,066,799 27,681 $83.33 Carrier
Passenger Air
EXPRESSJET AIRLINES LLC COLLEGE PARK GA 5/11/2020 $113,064,836 $3,919,451 4 $108,000.00 Carrier
Cargo Air
ATLAS AIR INC. PURCHASE NY 5/29/2020 $406,842,820 $199,831,980 625,452 $31.95 Carrier
Cargo Air
KALITTA AIR LLC YPSILANTI MI 9/17/2020 $161,458,421 $62,416,716 N/A N/A Carrier
SKY CHEFS INC. IRVING TX 7/30/2020 $214,175,084 $79,728,685 N/A N/A Contractor
GATE GOURMET INC. RESTON VA 6/19/2020 $171,424,598 $59,344,231 N/A N/A Contractor
SWISSPORT USA INC. 11 DULLES VA 7/10/2020 $170,172,676 $58,656,617 N/A N/A Contractor
DAL GLOBAL SERVICES LLC ATLANTA GA 7/10/2020 $162,373,028 $55,205,506 N/A N/A Contractor
DALLAS FORT
MENZIES AVIATION INC. 10 WORTH TX 6/19/2020 $111,055,082 $35,817,879 N/A N/A Contractor
WORLDWIDE FLIGHT SERVICES
INC. JAMAICA NY 6/9/2020 $107,243,890 $30,902,893 N/A N/A Contractor
FLYING FOOD FARE INC. CHICAGO IL 6/11/2020 $85,020,818 $21,048,038 N/A N/A Contractor
G2 SECURE STAFF L.L.C IRVING TX 6/9/2020 $81,380,837 $19,486,400 N/A N/A Contractor
SIGNATURE FLIGHT SUPPORT
LLC ORLANDO FL 6/19/2020 $79,842,985 $18,630,913 N/A N/A Contractor
PROSPECT AIRPORT SERVICES
INC. DES PLAINES IL 7/10/2020 $73,263,755 $15,736,052 N/A N/A Contractor
MRA SYSTEMS LLC 12 BALTIMORE MD 8/25/2020 $71,129,103 $14,796,805 N/A N/A Contractor
22
Warrant
Agreement Payroll Note Principal Number of Exercise
Participant1 City2 State2 Date3 Support4 Amount5 Warrants6 Price7 Category
PRIMEFLIGHT AVIATION
SERVICES INC. SUGAR LAND TX 6/15/2020 $65,708,621 $12,488,041 N/A N/A Contractor
HALLMARK AVIATION SERVICES
L.P. DULLES VA 9/21/2020 $27,090,101 $11,928,438 N/A N/A Contractor
MCGEE AIR SERVICES INC. RENTON WA 6/23/2020 $29,786,370 $8,725,095 N/A N/A Contractor
AAR CORP. WOOD DALE IL 7/30/2020 $57,180,647 $8,686,993 N/A N/A Contractor
LUFTHANSA TECHNIK
COMPONENT SERVICES LLC TULSA OK 8/25/2020 $16,575,690 $7,569,743 N/A N/A Contractor
THE NORDAM GROUP LLC TULSA OK 6/19/2020 $54,044,828 $7,320,111 N/A N/A Contractor
GROUND SERVICES
INTERNATIONAL INCORPORATED ORLANDO FL 7/10/2020 $48,061,299 $4,646,972 N/A N/A Contractor
THALES USA INC ARLINGTON, VA 7/10/2020 $47,616,120 $4,451,093 N/A N/A Contractor
AVIATION TECHNICAL SERVICES
INC. EVERETT WA 6/15/2020 $39,949,510 $1,083,261 N/A N/A Contractor
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 PSP Agreement was fully executed.
4. The total anticipated payroll support of certain passenger air carriers was increased on or around September 27, 2020, in connection with a distribution of remaining available funds in
accordance with sections 4113(c) and 4113(a)(1) of the CARES Act.
5. The note has a duration of 10 years. For passenger air carriers, when applicable, this is equal to 30 percent of the payroll support provided to the participant over $100 million. For cargo air
carriers, when applicable, this is equal to 56 percent of the payroll support provided to the participant over $50 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, cargo 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 and cargo air carriers who 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 exercise price for cargo air carriers is equal to the market value of the shares as of market close on May 1, 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. has 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. Lufthansa Technik North America Holding Corp., the parent company of eligible contractors Lufthansa Technik Component Services LLC and Bizjet International Sales and Support, has issued
a note related to payroll support provided to each of these subsidiaries.
10. Menzies Aviation, Inc., has issued one note related to payroll support provided to eligible contractors Aeroground, Inc. and Aircraft Services International, Inc.
11. Hallmark Aviation Services, L.P., a subsidiary of Swissport USA Inc., has issued a note related to payroll support provided to Swissport USA, Inc. and Hallmark Aviation Services, L.P
12. The note for MRA Systems LLC was issued by its parent company, ST Engineering Aerospace America, Inc.
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