Representatives from some of the aviation industry’s leading trade organizations are expressing enthusiasm this week after President Joe Biden signed into law a $1 trillion infrastructure bill, which they say will provide needed funding to support general and business aviation.
The legislation, called the Infrastructure Investment and Jobs Act, is one of the largest infrastructure plans in decades and will inject $550 billion in new spending for infrastructure in the U.S., including investments to modernize the country’s transportation systems. Of that, the FAA is expected to receive $5 billion over the next five years.
