If there’s one thing that FAA COO Russell Chew has going for him as he faces $8.3 billion in budget losses by 2009, it’s that he has lots of people on the sidelines giving him advice.
Financing, Insurance and Taxes » Aviation Financing
Issues regarding financing of aircraft.
Although the FAA is not yet advocating new taxes or user fees, the agency continues to emphasize that it needs a consistent, stable revenue stream that is not tied to the price of an airline ticket.
Before it adjourned for its summer recess, the House of Representatives overwhelmingly voted to authorize an extra $1.3 billion for NASA over the next two years to fund earlier cuts in aeronautics research.
Within a decade, aircraft operators flying in the airspace of the 25-state European Union (EU) will likely have to start paying for carbon dioxide (CO2) emissions from their engines.
Calls to replace the aviation fuel tax with a new user fee structure as a means of funding improvements to U.S. airspace management are not supported by a business case, according to Cessna Aircraft chairman, president and CEO Jack Pelton. Speaking to government and industry officials on Friday at the Washington Aero Club, Pelton said too many myths have been created to support calls for new user fees.
A common admonition to investors is to regard a stock’s past performance as no guarantee of future results. On the macroeconomic level, however, general patterns prove more often true than not, especially over the long run.
Effective September 1, Nav Canada, the nation’s ATC services provider, is withdrawing its average 2-percent service charge implemented on Aug. 1, 2003. Meanwhile, a new daily charge of $10 per day for aircraft with 6,600 pounds mtow or less when operating at seven specific airports goes into effect March 1, 2008.
Canada’s private, user-fee-based ATC system–Nav Canada–believes that general aviation operators are double-charged for use of Canada’s aviation infrastructure and that fuel excise taxes should be reduced.