NextGen GA Fund Offers Money For Avionics Upgrades
Low-interest loans available for owners and operators of business aircraft.

Owners and operators of U.S-registered aircraft are facing some expensive avionics mandates and upgrade requirements to meet new NextGen navigation standards. To help pay for these upgrades, the NextGen GA Fund was created to facilitate low-interest loans for individual aircraft owners and businesses that operate aircraft. The Fund is a result of legislation in the FAA Modernization and Reform Act of 2012.

The money available can be used for a variety of NextGen-related avionics upgrades, with a minimum amount of $10,000 and no maximum. Qualifying upgrades include Waas GPS, transponders, ADS-B out and in, RNP/Rnav, Fans/CPDLC, data comm, glass displays, antennas and the installation of these items. The funds can’t cover interior refurbishment costs but will be available for wiring associated with the avionics upgrades.

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