Employment levels in the aviation industry have now surpassed 2019 levels. Determine whether Flight Check Commercial Aviation Services grew or shrank during the last recession. It is now the largest commercial line maintenance provider in the Chicago area, providing technical handling, aircraft de-icing, and limited ground handling for over 35 Domestic and. Flight Check Commercial Aviation Servicess annual revenues are 10-50 million. Flightcheck Commercial Aviation Services was founded in 2004 as an aircraft maintenance provider and began operations at Chicago O’Hare in April 2006. Additionally, recipients reported more than 360,000 aviation jobs being retained or created as a result of receiving PSP assistance. : Note: Revenues for privately held companies are statistical evaluations. Recipients reported using the PSP assistance to fully or partially fund the salaries and benefits of more than 640,000 aviation employees during the COVID-19 pandemic, help maintain critical infrastructure capacity, and facilitate industry recovery. Find contacts direct phone number, email address, work history, and more. The largest PSP recipients issued warrants to the Treasury Department to purchase 58 million shares of common stock and continue to repay $15 billion in long-term debt issued as appropriate compensation for the provision of financial assistance.Īs of February 2023, approximately 700 large and small businesses in every state have received assistance under one or more of the three PSP rounds. View Simon Hickeys business profile as Chief Executive Officer at Western Sydney Airport. Passenger air carriers receiving payroll support of more than $100 million, cargo air carriers receiving more than $50 million, and aviation contractors receiving more than $37.5 million were required to provide financial instruments to the Treasury Department in the form of promissory notes, warrants, preferred stock, or senior debt instruments, as appropriate compensation to the Federal government for the provision of financial assistance.
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