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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Oshkosh Day One

Oshkosh Day Two

Airborne 07.20.16

Airborne 07.21.16

Airborne 07.22.16

Airborne Hi-Def On YouTube

Oshkosh Day One

Oshkosh Day Two

Airborne 07.20.16

Airborne 07.21.16

Airborne 07.22.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

 

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

L-3 Aviation Products Presents OSH2016 Special Event Coverage!!!

Innovative Avionics Powerhouse Showcases Latest Developments It's been a great year for L-3 Aviation Products. In less than six months, they've finetuned some ground-breaking produ>[...]

Aspen Avionics, True Innovators, Present OSH2016 Special Event Coverage!

OSH2016 Sponsor: Always-Innovative Aspen Avionics Based in Albuquerque, New Mexico, Aspen Avionics specializes in bringing the most advanced display and sensor technology from the >[...]

Martin Mars Makes Debut At AirVenture Oshkosh 2016

>[...]

Airborne 07.22.16: ONE Aviation New Jet, Drone Pilot Nabbed, Stemme Twin Voyager

Also: AEA Giveaway, 44 Trips To OSH, Airbus Drones, Future Pilots, NTSB Training, Air BP, Boeing Forecast, ALPA Milestone ONE Aviation has provided ANN with the initial outline for>[...]

It's ALIVE! 2016 AirVenture Innovation Preview Program Debuting RIGHT NOW!

Get The EARLY Inside Details On THE Most Exciting NEW Innovations And Product Announcements From OSHKOSH... The staff of EAA and the Aero-News Network are pleased to announce that >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC