The Car and Truck Fleet and Leasing Management Magazine

Airborne Receives $8.8 Million in Compensation

October 10, 2001

Airborne Inc. said it had received $8.8 million from the U.S. government under the Air Transportation Safety and System Stabilization Act. The company said the payment compensates Airborne Express for a portion of its direct losses incurred as a result of the grounding of its aircraft fleet due to last month’s terrorist attacks, as well as for anticipated losses related to the attacks through the end of this year.
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