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U.S. airports seek $10 billion in government assistance over travel demand collapse
WASHINGTON (Reuters) - U..S. airports are seeking $10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the matter said.
Airports have been in discussions with the White House and U.S. lawmakers, the sources said. Airports Council International - North America said it had now updated its forecast of losses this year to least $8.7 billion and cautioned it is likely to grow. The airports rely on passenger traffic for revenue and met with the White House last week to raise urgent concerns about the decline in passenger traffic.
https://www.reuters.com/article/us-health-coronavirus-usa-airports-exclu/exclusive-u-s-airports-seek-10-billion-in-government-assistance-over-travel-demand-collapse-sources-idUSKBN2133C9
Legg Mason (parent co.) bought:$17m of Clarion Partners Real Estate Income Fund-Mar 13
Cap #2 is recent
Clarion Partners has been a leading pure-play real estate investment manager since 1982. Headquartered in New York, the firm maintains offices across the U.S. and Europe. With over $50 billion in total assets under management.
Legg Mason is an American investment management firm with a focus on asset management and serves customers worldwide. Legg Mason offers products in equities and fixed income, as well as domestic and international liquidity management and alternative investments (via a funds-of-hedge-funds manager). Created in 1970 through the acquisition of Mason & Co. by Legg & Co. to form Legg Mason & Co., Inc., Legg Mason is now among the largest asset managers in the world. Legg Mason serves individual and institutional investors on six continents, and has some $752.3 billion in aggregated assets under management as of April 30, 2018. Legg Mason operates using a multi-manager business model, with each of the company’s subsidiaries operating independently in its own segment of the asset management industry. It provides global distribution and fosters growth through product development, investing in its existing affiliates, and making new acquisitions. Legg Mason can trace its earliest roots to George Mackubin & Co., which got its start selling stocks out of a back office in the Baltimore Stock Exchange in 1899. Over time this evolved into Legg & Company, which in 1970 acquired the Newport News, Virginia-based Mason & Company that Raymond A. Mason had founded by 1962. The combined firms' headquarters are in Baltimore.
>https://en.wikipedia.org/wiki/Legg_Mason
https://www.finviz.com/insidertrading.ashx?oc=704051&tc=7&b=2