GA may get own form of gov’t assistance
Now that Congress has completed its $15 billion bailout of the airlines as a result of September 11, attention is finally turning to the small aviation bus

Now that Congress has completed its $15 billion bailout of the airlines as a result of September 11, attention is finally turning to the small aviation businesses that lost and continue to lose money.

On December 13 the House aviation subcommittee unanimously approved H.R.3347, The General Aviation Industry Reparations Act of 2001, which authorizes $5 billion in loan guarantees for GA “entities” and compensation for direct losses to these entities up to a total of $2.5 billion.