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.
NextGen Fund Money Begins Flowing
- August 3, 2014, 3:15 AM