New report: Sequestration will ground aviation

A study released by the Aerospace Industries Association and Econsult Corp. estimates that budget cuts to FAA operations as a result of sequestration could cost up to 132,000 aviation jobs, sap $80 billion a year from the nation’s gross domestic product, and strip almost 2 billion pounds of freight capacity out of an air cargo system that is already buckling at the seams.
“If sequestration is not stopped, it will be by far the most devastating budget cut to the FAA in its 54 years,” said former Secretary of Transportation and Congressman Norman Mineta. “The FAA is a critical safety organization that regulates our national air transportation system. Putting it at risk is folly beyond comparison.” Continue Reading »

===> Posted on August 14th, 2012 by Janice Wood. No comments. © GAN 2012.

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