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

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

Airborne-YouTube

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

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-Unmanned 04.17.18: XPO 2018, Drone Broadcasts, Airbus Inspection Drone

Also: NZ AFB Drone Incident, Police UAVs, Inaugural Drone Boot Camp, Predator 5M Flight Hours This is it! THE major unmanned exposition of the year -- AUVSI XPONENTIAL 2018 starts >[...]

Airborne 04.20.18: Continental Jet-A Seminole, SWA Fallout, NYC NIMBY's Helo's

Also: Teamsters Talk Allegiant, Coleman Young Airport, Miracle Flights, IN Av Repair Biz Cleared Piper has selected the Continental Motors CD-170 compression ignition engine fueled>[...]

AMA Drone Report 04.19.18: AMA Leadership, FAA Reauthorization, Coachella

Also: New French Regs, Drone Boot Camp, Public Safety Drone Standards, DroneShield Protects NASCAR It’s a little bit sad and yet a bit cool to see AMA make an exciting change>[...]

Aero-News: Quote of the Day (04.22.18)

"For those reasons, a key measure of success is not, 'Did we provide the most flights possible?' but 'Did we provide the most comfortable flights possible?'—for instance, by >[...]

ANN's Daily Aero-Linx (04.22.18)

Aero Linx: The Airline Pilot's Historical Society The Airline Pilot's Historical Society is a non-profit, charitable foundation whose purpose is to educate through the preservation>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC