Air Transportation Stabilization Act

The Air Transportation Stabilization Act was a U.S. government measure enacted in 2001 to support the airline industry after the September 11th terrorist attacks. It provided financial aid, including loans and grants, to help airlines stay operational during a period of severe decline in travel and revenue. The goal was to stabilize the airline industry, protect jobs, and ensure the continued transportation of people and goods. The Act was part of broader efforts to recover from the attack's economic impact and restore confidence in air travel.