ZURICH (Reuters) – Aviation services provider Swissport said its North American unit will receive $170.4 million in financial assistance under a payroll support programme agreed with the U.S. Department of Treasury to be able to keep paying employees in the United States during the COVID-19 pandemic.
Before any funds received under the U.S. Cares Act, Swissport’s liquidity amounted to approximately 340 million euros ($385 million) at the end of June, the group owned by China’s HNA Group said in a statement on Monday.
(Reporting by Silke Koltrowitz; Editing by Michael Shields)
