GAMA Weighs In On TARP Reform Bill | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 07.20.17

Airborne 07.24.17

Airborne 07.25.17

Airborne 07.26.17

Airborne 07.27.17

Airborne 07.28.17

Airborne-Unmanned 07.25.17

Airborne-YouTube

AMA 07.20.17

Airborne 07.24.17

Airborne 07.25.17

Airborne 07.26.17

Airborne 07.27.17

Airborne 07.28.17

Airborne-Unmanned 07.25.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Sat, Jan 10, 2009

GAMA Weighs In On TARP Reform Bill

Says House Proposal Would Eliminate Jobs In GA

On Friday the House Financial Services Committee released a proposal to reauthorize the Troubled Assets Relief Program (TARP) that includes a business aircraft divestiture provision similar to the provision that was included in the auto bailout bill proposed in December.

That doesn't sit well with the General Aviation Manufacturers Association... which fears the current anathema against business aviation will hit manufacturers of both large and small aircraft.

"Targeting our industry is an unacceptable and counterproductive response to our nation’s economic situation," said Pete Bunce, GAMA’s president and CEO. "If passed, this provision will have an adverse impact on our industry and jeopardize high-paying manufacturing jobs. A decision like this would be completely inappropriate at a time when general aviation manufacturers are already suffering from a weak economy. The last thing we need is for Congress to pursue an effort that will ultimately weaken an important domestic manufacturing industry."

GAMA notes that general aviation contributes more than $150 billion to the US economy annually and employs more than 1,265,000 people.

In 2007, US general aviation airplane manufacturers delivered over 3,279 airplanes to customers in the United States and abroad. The total value of these aircraft was close to $11.9B of which 38.4 percent were exported. The general aviation industry is one of the few remaining industries that maintain a positive trade balance for the United States.

FMI: www.gama.aero

Advertisement

More News

Airborne 07.26.17: WomenVenture 2017!, Daher TBM910 OSH Debut, Avilution UnPanel

Also: Continental Motors Update, Trig Avionics Expands, AEA Incubator Inspires, Pelton Interview--Part 3 Aero-News staffers attended the kickoff event to WomenVenture, the Women in>[...]

Airborne-Unmanned 07.25.17: Airspace Auto-Authorization, Bogus UAV Hit, CA Regs

Also: “Drone Billboard”, Eagle v Drone, Self-Driving Cars, Drone Locates Lost Man, Airborne-Unmanned-Help Wanted Greatly anticipated, it appears that this fall, some 50>[...]

Airborne 07.26.17: WomenVenture 2017!, Daher TBM910 OSH Debut, Avilution UnPanel

Also: Continental Motors Update, Trig Avionics Expands, AEA Incubator Inspires, Pelton Interview--Part 3 Aero-News staffers attended the kickoff event to WomenVenture, the Women in>[...]

AMA Drone Report 07.20.17: FAST Drones, GeoFencing, Certified Drone Photographer

Also: SureFly Helicopter Concept, 'Design a Drone', Raleigh v Drones, Aero-TV: AMA's David Mathewson The Drone Racing League recently tested the fastest racing drone, and set the G>[...]

Airborne 07.24.17: Pelton Opens OSH17!, Zenith/UnPanel, Hartzell/Raisbeck

Also: Stratos Shows At OSH17, Redbird GIFT, SunFlyer 4, ONE Aviation Update, Pelton Intvw Part 1 Avilution this morning debuted its Unpanel Integrated Avionics Display in the first>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC