Routine audit of US bailout package to be conducted.
AIRLINE INDUSTRY INFORMATION-(C)1997-2001 M2 COMMUNICATIONS LTDThe US Transportation Department inspector general is to carry out a routine audit of the USD5bn bailout package given to US airlines following the 11 September terrorist attacks on the country.
The audit will look at agency practices for implementing the programme as well as evaluate the "reasonableness" of individual airlines' claims. Some 100 airlines have received close to USD2.5bn in the first round of direct cash aid, with the amount varying airline to airline, Reuters reported.
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| Publication: | Airline Industry Information |
|---|---|
| Date: | Oct 31, 2001 |
| Words: | 98 |
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