In the News
Washington Post: Treasury emergency aid loan goes to airline backed by Amazon and Apollo, showing government’s long reach
The Treasury Department has lent $45 million to an airline backed by both e-commerce giant Amazon and Apollo Global Management, a massive private equity firm that has benefited from at least one other government bailout earlier this year.
Kyle Herrig, of the nonpartisan watchdog group Accountable.US, criticized the aid to Apollo-backed companies, saying it was an example of how the administration has prioritized the “wealthy and well-connected” throughout the pandemic.