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Airlines take advantage of federal program

Posted: Tuesday, February 19, 2002

ANCHORAGE (AP) -- As of Jan. 24, 266 of the nation's airlines have received more than $3.8 billion in federal aid to offset losses attributed to the Sept. 11 terrorist attacks.

The Air Transportation Safety and System Stabilization Act passed by Congress in November offered $5 billion in direct aid to airlines to cover losses incurred after Sept. 11, plus $10 billion in loan guarantees.

Federal Department of Transportation officials said more than 300 carriers have applied for the grant money. Only three, including Fairbanks-based Frontier Flying Service, have asked for loans.

Following are Alaska-owned airlines and major carriers that operate in the state that received direct aid:

40-Mile Air Ltd., $1,516

Air Cargo Express, $11,420

Air Logistics LLC, $450,836

Alaska Airlines Inc., $71,561,638

Alaska Juneau Aeronautics Inc., $66,021

Alaska Seaplane Service, $1,688

Alaska Skyways Inc., $15,963

Alpine Helicopters Inc.,$3,496

Atlas Air Inc., $10,122,443

Bering Air Inc., $95,158

Delta Air Lines, $528,876,565

ERA Aviation Inc., $204,531

Evergreen International Airlines Inc., $7,189,975

F.S. Air Service Inc., $906

Federal Express Corp., $100,679,072

Frontier Flying Service Inc., $133,589

Grant Aviation, $42,848

Homer Air Inc., $8,569

Iliamna Air Guides Inc., $3,462

L.A.B. Flying Service Inc., $19,218

Larry's Flying Service Inc., $6,811

Northern Air Cargo Inc., $235,102

Northwest Airlines Inc., $405,525,526

Peninsula Airways Inc., $196,612

Polar Air Cargo Inc., $1,277,000

Promech Inc., $74,231

Rusts Flying Service Inc., $63,999

Seaborne Aviation Inc., $13,322

United Airlines Inc., $644,086,267

United Parcel Service Co., $24,556,636

Venture Travel LLC, $2,671

Warbelow's Air Ventures Inc., $95,287

Wings Alaska, $854

Source: U.S. Department of Transportation



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