Primary Country (Mandatory)

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Private jet firms are soaring in popularity after big COVID-19 bailouts. Were they a 'handout to the wealthy'?

Private jet firms are soaring in popularity after big COVID-19 bailouts. Were they a 'handout to the wealthy'?

ABC News
Thursday, December 23, 2021 10:18:55 AM UTC

A boom in private jet travel fueled by fears of flying commercial during the COVID-19 pandemic has led to scrutiny of the industry's taxpayer bailout.

Lingering health concerns about commercial air travel during the COVID-19 pandemic have fueled a boom in private jet travel, a trend that has led to fresh scrutiny of the industry's taxpayer bailout -- which some critics are calling a "handout to the wealthy."

The multi-trillion-dollar federal rescue for businesses clobbered by the coronavirus included billions for airlines grounded by travel restrictions and safety concerns -- and, according to one report, more than half a billion dollars for boutique aviation firms that deliver private jet travel to the super-rich.

"This was the rest of us paying to subsidize the luxury consumption of the very richest people in the country," Dean Baker, cofounder of the progressive think tank Center for Economic and Policy Research, told ABC News.

During the summer of 2020, at the time of the first of three bailout programs set aside for aviation, industry experts said that private jet operators -- just like the commercial airlines -- would be confronting substantial drops in revenue. Executives at private aviation firms said they needed the government's help to save the jobs of their employees.

Read full story on ABC News
Share this story on:-
More Related News
© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us