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August 06, 2020

NBAA Joins Coalition Seeking Improved CARES Access

Org's Caution That Current Requirements Of The Section 4003 Loan Program May Hinder Survival Of Operators

NBAA has joined a coalition of industry groups seeking flexibility in the eligibility criteria for a loan program created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act that will ensure pivotal sectors of aviation continue to serve the national interest during the COVID-19 pandemic. NBAA has been at the forefront of efforts to protect the economic integrity of the aviation industry throughout the COVID-19 pandemic and led a significant initiative to secure general aviation's inclusion in key provisions of the CARES Act, including the Air Carrier Payroll Support Program, which has been a critical aid for aviation during

Special Circumstances Instituted for COVID-19 Impacted Applicants

The International Aircraft Dealers Association (IADA) is accepting applications for the organization's Business Aviation Scholarships through Oct. 1. The scholarships, funded by the IADA Foundation, will be from $1,000 to $5,000. In the past year, the IADA Foundation, a tax-exempt 501 (c) (3) public charitable organization, awarded a total of $32,000 in individual scholarships to eight college students seeking further education leading to professions within business aviation.