Amazon contractor Atlas Air won't give back $400 million bailout - Business Insider

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Amazon contractor Atlas Air won't give back $400 million bailout - Business Insider
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A major Amazon Air contractor says it won't return a $400 million bailout despite requests from Congress and booming business

But business at the Amazon contractor, like other logistics companies, boomed amid the pandemic.

Atlas executives say the company fully qualified for the money and that it's been spent on its intended purpose: payroll. Atlas Air, a cargo airline which includes Amazon as a major customer and investor, has seen business boom during the COVID-19 pandemic. It was the largest amount received by any cargo airline under March's economic stimulus passed by Congress, only behind major passenger carriers like Delta and United. Just under half — $199,831,979 — must be repaid.once again nearing record highs above pre-pandemic levels, Democratic Rep.

"We are not intending to return the funds," chief executive John Dietrich said, noting that it was not a need-based program. "We responded accordingly and have been in full compliance, not only with the committee's request, but sharing the documents and so forth that they've asked for, and we'll continue to fully cooperate.

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95% only bad news(

would be nice if stevenmnuchin1 had some oversight huh? wonder what was the kickback to swamp creatures of republican party

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