The Congressional Budget Office (CBO) has raised its estimates of budget deficits. Earlier this year, the prediction was for a deficit of $46 billion for the current fiscal year. However, individual tax receipts were recently projected to run some $40 billion below expectations, and that has caused experts to guess that the deficit could go upwards of $70 billion.
The multi-agency Joint Planning and Development Office (JPDO) now working on
a roadmap for a next-generation air-transportation system (NGATS) expects to have a draft plan by this summer and a report to Congress by December. But don’t expect to see any immediate changes in the U.S. air-transportation system.
As the National Airspace System (NAS) has reopened in phases, so have the Department of Transportation (DOT) and FAA clarified in increments the sequence of grounding actions made in the earliest minutes. FAA reports have narrowed but not eliminated the gap between its official timeline of decisions on September 11, versus third-party reports and observed actions directly from the field.
The General Aviation Industry Reparations Act (H.R.3347) encountered rough air when the Bush Administration asked lawmakers to put off a vote on the measure because its estimated cost had ballooned from the original $450 million to more than $5.5 billion.
In an 8-K filing with the U.S. Securities and Exchange Commission last month, Macquarie Infrastructure revealed that it is adding two FBOs at Norman Mineta San Jose International Airport in Northern California to its acquisition of the Mercury Air Centers FBO chain. The deal calls for Mercury to buy the San Jose Jet Center and ACM Aviation. If all goes as planned, Macquarie will add 26 FBOs to its existing Atlantic Aviation FBO chain.
In an 8-K filing with the U.S. Securities and Exchange Commission filed on June 12, Macquarie Infrastructure revealed that it is adding two FBOs at Norman Mineta San Jose International Airport (SJC) in Northern California to its acquisition of the Mercury Air Centers FBO chain.
The Bush Administration alarmed a number of people early last month when it proposed cutting the FAA’s facilities and equipment (F&E) funding by nearly $400 million in its budget request for fiscal year 2005.
At about the same time Transportation Secretary Norman Mineta was announcing plans for a “next-generation air transportation system” to the Washington Aero Club in late January, word was filtering out of the White House that the Bush Administration wanted to cut the FAA’s facilities and equipment (F&E) budget for fiscal year 2005 by almost half a billion dollars.
• So, President George W. Bush won the election and will serve four more years in the White House. Cabinet changes are the subject of speculation, but Department of Transportation Secretary Norman Mineta’s name has not surfaced as of press time. Troubled by back problems, Mineta may or may not stay on.
While Transportation Secretary Norman Mineta has promised that the government will not stand in the way of innovative aviation ideas, at a January meeting of the Washington Aero Club he warned that “we need to start thinking creatively about long-term options for financing infrastructure.” He did not specify what those options might be.