Sept. 15, 2022
The bipartisan, congressional Advanced Air Mobility (AAM) Caucus was formed less than three months ago, but supporters already are seeing more engagement around and interest in the technology.
“Even though it was only a few months since this caucus was launched, there’s been a huge amount of progress that has been made in promoting this amazing form of technology that will help people get where they need to be, when they need to be there – safely, securely and sustainably,” NBAA President and CEO Ed Bolen said during an informal caucus meeting on Capitol Hill, which was co-sponsored by the association.
The caucus, co-chaired by Reps. Jay Obernolte (R-8-CA) and Jimmy Panetta (D-20-CA), was founded to help educate lawmakers and other stakeholders about the revolutionary, emerging technology. Powered by electric or hybrid propulsion, AAM offers significant potential to improve mobility and complement existing public transportation networks while reducing congestion, carbon and noise emissions.
“I am deeply passionate about what all of you are doing,” Obernolte told the crowd, which included representatives from many AAM companies. “This industry has the potential to not only revolutionize air transportation, but also revolutionize a lot of really interesting and important facets of our economy.”
Obernolte noted AAM has the potential to be a more than $100 billion industry in the U.S, and the FAA has the opportunity to take the lead in developing regulations guiding its development.
Panetta noted the caucus is intended not only to promote AAM, but to ensure government bureaucracy doesn’t slow down its development. “It’s an honor to represent all of you as we move forward,” he added.