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Thursday, Feb 29, 2024

Reports: Clay Lacy Aviation Gets $27 Million Grant From CARES Act

Clay Lacy Aviation received a $27 million federal grant from the stimulus bill passed by Congress, the largest amount received by a private aviation company, according to media reports. CNBC reported Thursday that the air charter and management company based at Van Nuys Airport would not have to pay the money back. It is part of the CARES Act program to “compensate aviation industry workers and preserve jobs,” the news website said. The site stated that out of 96 aviation firms on a list provided by the Treasury Department that received payroll support payments, Clay Lacy Aviation got the largest amount of private aviation companies. Commercial airlines received more money. A spokesman for the aviation firm said it had no comment on the story. Also receiving CARES Act funding were Sun Air Jets, in Camarillo, with $3.8 million; Dreamline Aviation, with $1.8 million, and Pegasus Elite Aviation, with $3.6 million, both at Van Nuys Airport; and Guardian Helicopter Inc., in Fillmore, with $670,000.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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