Federal payments totaling $8 billion will be paid to airports across the country, including Arkansas
According to the Airports Council International-North America, there are roughly 500 commercial airports in the United States, and the organization estimates that the epidemic would cost the industry more than $40 billion by next March.
The money helps eligible commercial, reliever, and general aviation airports with their finances. The funds will be used to reimburse operational expenditures, debt service payments, and costs associated with preventing the spread of infections at the airport. Airports can also utilize the funds to grant rent relief to in-terminal retail and concession businesses. The funding requires airports to retain at least 90% of their pre-pandemic workers for those airports that serve the majority of the traveling public.
Several hundred airports will receive grants, according to the FAA, including these in Arkansas: