NextGen Fund Money Begins Flowing

 - August 3, 2014, 3:15 AM

JetTech founder Rob Irwin reports that one of his customers received funding for a large installation via the NextGen GA Fund. The fund was designed to help aircraft owners and operators obtain low-interest loans to help pay for avionics upgrades to meet upcoming NextGen mandates such as the Jan. 1, 2020 ADS-B out deadline. “The customer said it was a very quick process,” he said, “and there weren’t any constraints. It was approved within a week.” The customer’s interest rate was in the 6-percent range, Irwin said, and JetTech received its initial deposit for the upgrade quickly via bank wire. “That system, I’m here to tell you, is up and running,” he said.