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NBAA Disappointed With Treasury Provision on Business Aviation
Washington, DC, December 19, 2008 – NBAA today expressed disappointment over a provision in the Treasury Department’s plan to aid auto makers. That provision largely mirrors language in the House-passed bailout bill prohibiting auto companies taking federal financial assistance from using business aircraft. This language could be misinterpreted as suggesting U.S. policymakers do not recognize the critical importance of this mode of transportation to American jobs and U.S. competitiveness. NBAA has also shared this concern with the President-elect’s transition team.
“Business aviation is a tool that well-managed and cost conscious companies use to address some of their most difficult and pressing transportation challenges,” said NBAA President and CEO Bolen. “As a country, we ought to be adding to our business toolbox—not throwing things out.”
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Founded in 1947 and based in Washington, DC, the National Business Aviation Association, Inc. (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. The Association represents more than 8,000 companies and provides more than 100 products and services to the business aviation community, including the NBAA Annual Meeting & Convention, the world's largest civil aviation trade show. Learn more about NBAA at www.nbaa.org.
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