FAA says U.S. airports will receive $ 8 billion in pandemic relief
Seattle-Tacoma International Airport will receive $ 175.7 million in federal pandemic relief grants.
SEATAC, Washington – Airports across the country, including Seattle-Tacoma International Airport, will share $ 8 billion in federal grants to help them recover from the pandemic, which has caused a sharp drop in air travel and a loss of revenue that airports expect from airlines and passengers.
Most of the money will go to major airports with commercial air services. They will split $ 6.5 billion based on the number of passenger boardings, plus an additional $ 800 million to provide rent relief to businesses that operate concessions such as food and retail stores in terminals.
Airports must retain at least 90% of the workers they had before the pandemic to receive one of the grants, which will be administered by the Federal Aviation Administration (FAA).
Congress approved the money as part of a pandemic relief measure President Joe Biden signed in March. The Biden administration said the subsidies will protect airport jobs and construction projects as travel recovers.
The FAA has said several hundred airports will receive grants, including $ 175.7 million for Seattle-Tacoma International, $ 115 million for Philadelphia International, $ 74.3 million for Daniel K. Inouye International in Honolulu, $ 56.2 million for St. Louis Lambert International and $ 50.6 million for Raleigh-Durham International in North Carolina.
There are nearly 500 commercial airports in the United States, according to an industry group, Airports Council International-North America, and the group predicts they will lose more than $ 40 billion to the pandemic by next March.