FAA Administrator Randy Babbitt says while the administration is open to a public-private partnership to help finance the NextGen air traffic control modernization program, putting that into place is no simple undertaking, he told the U.S. Chamber of Commerce on April 27. ITT and Nexa Capital are creating a $1.5 billion loan guarantee fund to help speed development of NextGen and bolster the business case for buying into the massive infrastructure investment. That kind of upfront ...
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