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 08.29.14 ** HD iPad-Friendly -- Airborne 08.29.14 **
** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **
** Airborne 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **

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

Annual Oshkosh 2014 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details THIS week--- t>[...]

Airborne 08.29.14: Google Drone!, Cessna's 10,000th, Bearhawk LODA

Also: Big Boeing Order, Napa Tower Quaked, Landsberg Retires, Galileo Falters Breaking News! Google has unveiled an exciting new UAV project, called Project Wing, which has been un>[...]

Aero-TV: The Tecnam Juggernaut -- SeaSky, P2008, P2010, Trainers, and Astore!

An Impressive Line-Up Continues To Make A Solid Impact On Sport Aviation ANN CEO and Editor-In-Chief, Jim Campbell seized the opportunity to talk with Phil Solomon, the CEO of Tecn>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-17-04 PRODUCT: Certain Bombardier, Inc. Model CL-600-2B19 (Regional Jet Series 100 & 440) airplanes.>[...]

ANN's Daily Aero-Linx (09.02.14)

FAA General Aviation Airports Report Beginning in 2010, the FAA began a national review of the general aviation airports resulting in two reports, General Aviation Airports: A Nati>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC