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Mesa Air Group, the parent of Phoenix-basedMesa Airlines, will accept $93 million in payroll support from the federal CARES Act.The US Treasury will not requireMesato enter into a loan or equity agreement in exchange for the funds because the amount is less than $100 million,a 20 April statement discloses.The Treasury set that threshold for equity sharing after the Regional Airline Association requested more flexible implementation of CARES Act stimulus to make it easier for smaller carriers to support employee wages, <a href=https://www.stanleycups.ro>stanley cup</a> salaries and benefits. This differs from settlements with larger carriers likeAlaska Airlines, which will receive $992 million in payroll support, must back $267 million of that stimulus and offer the government rights to purchase non-voting shares.The Phoenix-based regional carrier, which operates flights forAmerican AirlinesandUnited Airlines, must submit to conditions set by the Treasury, including bans against furloughing workers or reducing pay and benefits through 30 September, limits to executive compensation into 2022 and halts to dividend payments and stock buybacks through September 2021.The company is considering whether to apply for federal loa <a href=https://www.stanley-cup-website.us>stanley usa</a> ns through a separate programme under the CARES Act,Mesa Air Groupchief executive Jonathan states. This a |