NBAA President Ed Bolen said "Congress has clearly recognized that it is important to provide Americans with strong oversight of the federal dollars in the TARP program, but that the language addressing business aviation had the potential to fuel job losses for countless people in the general aviation community."
Finally someone with some common sense thought about this and realized that business jets are, for the most part, business tools and not extravagant toys for rich CEOs to ride around in. That being said it is great that Congress has recognized the importance of general aviation, and that instead of crushing the general aviation industry, it will instead permit those jobs and aircraft to remain for companies seeking TARP funds. The TARP (Troubled Asset Relief Program) is designed to help companies divest themselves of risky assets to regain financial health and thereby preserve the economy. When the CEOs of the auto companies presented themselves at the governments money trough they were quick enough to throw anything, including a 50 year old flight department, overboard to get some largess. Thank heavens that saner heads prevailed through the efforts of the general aviation alphabet houses. Good Job! Until next time keep your wings straight and level Hersch! JetAviator7
Courage is the price that Life exacts for granting peace. The soul that knows it not Knows no release from little things: Knows not the livid loneliness of fear, Nor mountain heights where bitter joy can hear The sound of wings. How can life grant us boon of living, compensate For dull gray ugliness and pregnant hate Unless we dare The soul's dominion? Each time we make a choice, we pay With courage to behold the restless day, And count it fair.
— Amelia Earhart