President Donald Trump floated a proposal that would see the government purchase years of tickets from airlines at a discount.
Speaking Friday at a bill signing, the president said he spoke with Treasury Secretary Steven Mnuchin.
“I told Steve were the biggest user of the airlines—the United States government. And one of the ways we can help the airlines is buy tickets at a very large discount, maybe 50 percent off or maybe more,” Trump said.
“And you buy into four or five years worth of tickets, and you infuse them with some cash. And in the meantime, were flying the people of our country for, you know, a fraction of the cost that it would be if the—you know, when the airlines get back.”
Trump said hes liked the idea for a while.
The airlines will bounce back from the current predicament—devastatingly low numbers of passengers as people around the world are restricted due to the CCP (Chinese Communist Party) virus—but buying tickets from them now would provide an “incentive,” the president said.
“I like it both ways. I like it for us to. Were the largest user of the airlines. So you buy tickets. I dont know. It sounds good—right?—if we get a good discount,” he added.
Ten U.S. airlines including Delta, American, and Southwest received money from a virus relief package.
Trump said he wants to help the oil and gas industry, which he said “got unnecessarily hurt” after some countries dumped oil on the international market before a large-scale agreement was hammered out by the president.
The administration is filling up its National Strategic Reserves, which can holdRead More From Source