Tag: stakes

Mnuchin indicates U.S. to take stakes in airlines in exchange for grants

WASHINGTON—Treasury Secretary Steven Mnuchin indicated that the U.S. government would take stakes in airlines in exchange for billions of dollars in direct grants to the companies, according to people familiar with the matter, as part of a $ 2 trillion (U.S.) economic rescue package. He detailed his plans during last-minute negotiations when the aid to…