Middle East Airlines

LATAM with Chile as the central operation together with Peru, Ecuador, Colombia, Brazil and Argentina and previously with some operations in the Dominican Republic. Ultimately, the federal government supplied $4.6 billion in one-time, topic-to-earnings-tax cash funds to 427 U.S. air carriers, with no provision for repayment, basically a present from the taxpayers. (Passenger carriers operating scheduled service acquired approximately $four billion, subject to tax.) In addition, the ATSB accredited loan guarantees to six airlines totaling approximately $1.6 billion. Treasury Department show that the government recouped the $1.6 billion and a profit of $339 million from the charges, curiosity and purchase of discounted airline inventory associated with loan guarantees. Congress passed the Air Transportation Safety and System Stabilization Act (P.L. 107–42) in response to a extreme liquidity disaster dealing with the already-troubled airline business in the aftermath of the September 11th terrorist assaults. Through the ATSB Congress sought to supply money …