Despite Outcry, FAA Registry Remains Closed

Stephen Pope

Tuesday, October 15, 2013 at 09:08 PM ET

Verified

Key Takeaways:

The partial government shutdown has closed the FAA registration office, halting hundreds of millions of dollars in aircraft sales and related transactions.
Aviation industry leaders are urgently lobbying lawmakers and the Transportation Secretary to reopen the FAA Registry to mitigate severe economic damage.
The closure prevents critical activities such as purchasing, selling, importing, exporting, and operating aircraft, disproportionately harming the heavily regulated business aviation sector.
The industry warns that if the shutdown continues, the financial impact on aircraft deals could exceed $1 billion.

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As the partial government shutdown drags on into its third week, aircraft manufacturers, brokers and dealers are still being hamstrung by the closure of the FAA registration office in Oklahoma City,which is preventing hundreds of millions of dollars worth of aircraft sales transactions from closing.

Aviation leaders, exasperated by Washington’s inaction to remedy the situation, held a rally last week on Capitol Hill to urge lawmakers to allow “vital aviation services” to resume by reopening the FAA Registry.