With airlines reluctant to invest, aerospace companies propose a new approach to paying for cockpit technology
Leading U.S. aerospace companies are establishing a fund that could provide a private-sector solution to the aircraft equipage dilemma threatening air traffic control modernization efforts. The fund will allow aerospace companies to take on much of the risk that airlines face in purchasing technology required for the NextGen program. While the FAA is spending billions of dollars to put NextGen infrastructure in place, it needs aircraft to be properly equipped for the system to work. But ...
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