AIA calls for avionics equipage-funding legislation for NextGen
ARLINGTON, Va. , 9 Feb. 2011. Officials at the Aviation Industries Association (AIA), say that a sound business case is needed for equipping aircraft with upgraded avionics systems for the transformation to the Next Generation Air Transportation System (NextGen). AIA leaders recommend equipage-funding legislation that encourages private-sector investment capital and government-guaranteed loan arrangements, including outcome-based performance metrics to reduce investment risk. This will incentivize retrofitting of commercial and general aviation aircraft with NextGen compatible equipment, AIA officials say.