However, the agency will still consider requests received after this deadline.
The agency is responsible for distributing grants to these companies of up to $ 32 billion to pay “wages, salaries and employee benefits,” according to the Treasury Department.
The funds are available through an economic assistance plan signed last week by President Donald Trump in response to the impact of the coronavirus on the US economy.
Subsidies include up to $ 25 billion for passenger airlines, $ 4 billion for freight carriers and $ 3 billion for contractors. This category includes companies involved in catering airline passengers, airport security, passenger ticketing and ground handling and aircraft cleaning, the agency said.
The Treasury Department website directs applicants to submit grant applications via a “Payroll Support Request Form”.
“To receive approval for their applications as soon as possible,” companies must complete the form before 5:00 p.m. EDT, the agency said.
Applications submitted after the April 3 deadline will still be “reviewed, but will not receive approval as soon as possible.” The agency “cannot” consider applications submitted after April 27, she said.
The Treasury Department only grants grants to companies that agree not to lay off or lay off staff, or reduce wages or benefits, until September 30.
In addition, candidates must suggest ways to “provide appropriate compensation to the federal government in exchange for payroll assistance,” he said.
The Treasury Department prohibits companies receiving wage subsidies from buying their own shares or paying dividends to shareholders until September 30, and may require airlines to maintain scheduled flights to the extent that the secretary of the Department of Transportation judges “reasonable and achievable”.