The FAA announcement came several hours before the Treasury Department said it has reached loan and grant agreements with major passenger air carriers.
Of $10 billion allocated in the CARES Act, public airports can use $7.4 billion for any lawful purpose, including the payment of debt service.
Cost cutting is underway at central Florida's Orlando International Airport due to a steep decline in flights and passengers amid the coronavirus outbreak.
Airports have nearly $100 billion in infrastructure debt that requires about $7 billion in airport bond principal and interest payments this year.
Nuveen, Friedlander, BofA offer some recommendations on COVID-19 credit and sector impact.