The Federal Aviation Administration on Tuesday announced more than $30 million in stimulus funds for Connecticut airports, with Windsor Locks’ Bradley International claiming the lion’s share. Bradley, which has seen its customer traffic plummet and its debt outlook dip amid the ongoing COVID-19 coronavirus crisis, will receive $28.5 million, according to the FAA. The Connecticut Airport Authority (CAA) had been anticipating the funds, which are part of an overall $10 billion aid package for U.S. airports. It’s not yet clear how large a financial hit Bradley will ultimately take from the COVID-19 slowdown. Dillon said recently that the airport has built up more than 18 months of cash reserves that can help cover operating expenses.
https://www.hartfordbusiness.com/article/28m-in-federal-stimulus-inbound-for-bradley-airport?utm_source=Newsletter&utm_medium=email&utm_content=Bradley+Stimulus+Funds+%7C+Life+Insurance+Pledge&utm_campaign=HBJ+Today+041520