ATA chief urges "innovative" approaches to FAA funding

12/8/2008 | (U.K.)

James May, president and CEO of the Air Transport Association, is urging another short-term funding extension for the FAA while Congress debates further "innovative" mechanisms for funding NextGen and other aviation needs. May told a meeting of the National Aeronautic Association that ATA has been in discussions with the incoming administration to explore the sort of tax credit bonding that has been successfully used in highway projects. The Bush administration has opposed such bonds, which are essentially public-private partnerships with tax incentives for investors.

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