Airlines may get US help for navigation upgrades

Discussion in 'General Discussion | Travel' started by sobore, Feb 1, 2012.  |  Print Topic

  1. sobore
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    sobore Gold Member

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    Aviation legislation nearing completion in Congress would give U.S. policymakers authority to offer airlines federally backed loan guarantees to help them pay for new air traffic technology.

    The financing authority was included in a House-Senate compromise proposal on long-term aviation legislation finalized on Tuesday.

    Four years in the works, the bill would fully fund the Federal Aviation Administration at nearly $16 billion annually through 2016.

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