Thursday, September 29, 2011

Airlines should get gov't loans, committee says

WASHINGTON (AP) — The government should help airlines install billions of dollars' worth of equipment in their planes necessary to use a new air traffic control system through loans or loan guarantees, an industry-government advisory committee recommended Thursday.

Repayment of the loans, which could involve public-private partnerships, would be triggered by the Federal Aviation Administration achieving promised benefits from the new system, the committee said.

The financing recommendation was one of a half dozen related to FAA's Next Generation Air Transportation System — also called NextGen — that were approved at a meeting of the committee.

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