Aviation may be included in infrastructure bank | Aviation International News

Regulations and Government

Aviation may be included in infrastructure bank

Transportation Secretary Ray LaHood said during a speech at the U.S.

By AIN Staff • AIN Staff

June 2, 2009

Transportation Secretary Ray LaHood said during a speech at the U.S. Chamber of Commerce’s 8th Annual Aviation Summit on April 29 that he is open to discussions to include aviation in the Obama Administration’s proposal to create a multibillion-dollar transportation infrastructure bank, but claimed that he had not been approached with the idea.

Less than 24 hours later, in a speech before a joint luncheon of the Washington Aero Club and New York City’s Wings Club, LaHood modified that statement, saying he expects the White House to “rally some dollars” in response to a request from airline industry officials for assistance in equipping their aircraft with NextGen avionics. The request came after a meeting with Obama economic advisor Lawrence Summers.

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