Nonscheduled Air Transportation

Businesses and organizations in the Nonscheduled Air Transportation industry (NAICS code 4812, part of the Transportation and Warehousing sector) received 3,702 PPP loans totaling $596.2M during the COVID-19 pandemic.

The average loan for this industry was $161,052 — above the national PPP average of approximately $67,000. This reflects the relatively large size of many businesses in this sector, which tend to have higher payroll costs and more employees.

93.5% of loans in this industry were forgiven — totaling $568.1M. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include JET LINX AVIATION, LLC of OMAHA, NE ($8,875,100); JEI HOLDINGS LLC of VAN NUYS, CA ($8,666,800); and SWIFT AIR LLC of MIAMI, FL ($8,633,088).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Transportation and Warehousing sector — air, rail, water, truck, transit, pipeline, and scenic transportation services. — businesses in NAICS 4812 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.