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CARES Act has $124 million for Alaska's airports

CARES Act has $124 million for Alaska's airports

The Department of Transportation announced Tuesday that airports in Alaska will receive in federal aid.The money is the state’s share of $10 billion issued to airports nationwide by the CARES Act., Transportation Secretary Elaine Chao said the funding is to preserve airport operations and secure workers’ jobs. It can be used for airport capital projects, as well as payroll, utilities and debt payment.The funding formula given by the federal government is based on passenger numbers per airport, so airports with more people coming through brought in more money.For instance, travel via the...

April 15, 2020
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