NBAA: 'TARP' Language Against BizAv Will Fuel General Aviation Job Losses | 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 07.17.17

Airborne 07.18.17

Airborne 07.19.17

Airborne 07.20.17

Airborne 07.21.17

Airborne-Unmanned 07.18.17

Airborne-YouTube

AMA 07.20.17

Airborne 07.17.17

Airborne 07.18.17

Airborne 07.19.17

Airborne 07.20.17

Airborne 07.21.17

Airborne-Unmanned 07.18.17

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

Sat, Jan 10, 2009

NBAA: 'TARP' Language Against BizAv Will Fuel General Aviation Job Losses

Reform Bill Includes Stipulation To End Private Aircraft Ownership, Leases

The National Business Aviation Association (NBAA) warned Friday that businesses trying to recover in the current, unforgiving economic climate would be severely impacted by language in a bill to reform the Troubled Assets Relief Program (TARP), first passed by Congress last year.

The proposal was introduced Friday by Rep. Barney Frank (D-MA), Chairman of the House Financial Services Committee. According to the press release issued by his office, the bill will "require divestment of private aircraft or leases."

Frank's bill comes as anti-BizAv sentiment continues to fester among lawmakers on Capitol Hill. As ANN has reported, congressional bias against business aviation came to a head late last year, when CEOs of the Detroit Three automakers appeared before Congress to beg for federal bailout dollars, and attracted attention for each of them having flown to Washington on their respective companies' private jets.

"Congress may be trying to bolster the economy, but enactment of this provision will put the jobs of tens of thousands of hard-working Americans at risk," NBAA President and CEO Ed Bolen said. "This could devastate the small businesses that fuel and service general aviation airplanes, further harm the manufacturers who are already laying off workers and slowing assembly lines, and take away a tool from companies that need general aviation airplanes to operate to and from the thousands of US communities that have little or no scheduled airline service."

To underscore his point, Bolen cited several measures illustrating the challenges already confronting the general aviation community. As industry analysts have recently noted, general aviation flight operations are down, and fuel consumption has been off this year. The market for used airplanes is larger than ever. Aircraft maintenance and repair shops are hurting. And Fixed Based Operators (FBO's) -- the small businesses that service general aviation aircraft, many of which always operate at the economic margins -- have been further stressed.

"Clearly, the people and businesses in the general aviation community are weathering one of the worst economic storms anyone has ever seen," Bolen continued. "These workers include schedulers, dispatchers, maintenance technicians, pilots, training professionals, insurers, and many other disciplines - all good jobs, performed by good people. The work they do matters to the companies they work for, the communities they live in, and our nation as a whole.

"We understand the importance of providing American taxpayers with strong assurances that federal monies are being utilized to protect jobs, rescue troubled assets and provide structural reforms to the domestic economy. But Congress needs to craft the legislation so that it doesn't harm this critical industry. We urge in the strongest possible terms that Congress eliminate the general aviation requirement from the TARP language."

FMI: www.nbaa.org

Advertisement

More News

ONE Aviation Provides Singular Support For Coverage of AirVenture 2017!

Having Re-Energized Personal Jet Flying Already, One Aviation Prepares To Do It Again! ONE Aviation delivers innovative access to general aviation by bringing together a line of pr>[...]

Progressive Aerodyne's Searey, the World's Best Sport Amphib, Presents OSH17!

Check Out The New Progressive Aerodyne Searey Elite and Searey Adventure at OSH Display #193 Progressive Aerodyne was founded in 1991 by Kerry Richter and his business partners, Wa>[...]

Trig Avionics Stacks The Deck To Provide ANN's OSH17 Special Event Coverage

High-Tech, Light-Weight Trig Avionics Delivers Their Latest Innovations to Oshkosh! Trig Avionics are experts in the design and manufacture of compact and innovative certified avio>[...]

Sonex Aircraft Steps Up As An AirVenture 2017 Special Coverage Sponsor

Sonex Aircraft and AeroConversions Products exhibit at AirVenture 2017 -- Located in booth 605/622 in the North Aircraft Display Area Be sure to catch the Sonex Aircraft Open House>[...]

They Deliver! Sportys Pilot Shop Brings You Oshkosh 2017

Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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