Thu, May 17, 2012
Measure Called Critical For GA Manufacturers
GAMA on Tuesday praised the Senate's passage of H.R.2072, Export-Import Bank Reauthorization. The bi-partisan legislation extends the bank’s charter into 2014 and grows its authorized lending cap to $140 billion, an increase over the current $100 billion.
“The Export-Import Bank’s continued lending authority is great news for thousands of general aviation manufacturing workers and businesses of all sizes,” said GAMA’s President and CEO, Pete Bunce (pictured). “Reauthorization ends a period of great uncertainty for our industry’s manufacturers who have come to increasingly rely upon Export-Import Bank financing over the past several years.”
The reauthorization comes immediately after Export-Import Bank President, Fred Hochberg, announced a “new credit process to facilitate and expedite the Bank’s financing for business aircraft and helicopters.” The announcement was made at the European Business Aviation Convention and Exhibition (EBACE) held in Geneva, Switzerland this week.
“We appreciate the great bi-partisan efforts in both chambers," Bunce said. "This legislation, coupled with the bank’s own initiatives to facilitate general aviation financing, will certainly assist in the recovery of our industry and protect high-quality manufacturing jobs.”
Stormbirds A confederation of Luftwaffe-related web sites, providing reference-grade coverage of the Messerschmidt 262 and other advanced combat aircraft of the Third Reich.>[...]
A safety alert issued by ATC to aircraft under their control if ATC is aware the aircraft is at an altitude which, in the controller's judgment, places the aircraft in unsafe proxi>[...]
"You have a huge job ahead of you. The challenges are many and the solutions are hard." Source: Senate Commerce Committee Chair Jay Rockefeller (D-WV).>[...]
Get A Customized ANN News Portal For YOUR Website! As we promised, the ever-so-busy software geeks at ANN have been working overtime on a number of cool new tools and toys... and t>[...]
Effort To Raise Funds And Awareness For The Special Operations Warrior Foundation A group of Airmen with the Air Force Seven Summits team reached the highest point of the world, Mo>[...]