Privatizing the Federal Aviation Administration, an idea favored by Vice-President Al Gore's government reinventors, doesn't look as if it will make it off the ground. Gore wants to make the FAA work better by turning it into a government-sponsored corporation supported by user fees. Airlines, believing that privatization could bring quicker updating of the FAA's creaky technology, support the idea. But general aviation interests, fearing higher costs, are opposed. And on Capitol Hill, many lawmakers believe that privatization could lead to cost-cutting at the expense of safety.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Stocks Slide From Records as Anxiety Bubbles Up: Markets Wrap
- Smartphones Are Killing Americans, But Nobody’s Counting
- Turns Out It Will Be Congress’s Fault When Stocks Crash
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Facebook and Google Helped Anti-Refugee Campaign in Swing States