Press Release – FAA Statement

The FAA has spent $7.5 billion in congressionally appropriated funds on the air traffic modernization program known as NextGen over the past seven years. That investment has resulted in $2.7 billion in benefits to passengers and the airlines to date, and is expected to yield more than $160 billion in benefits through 2030.

NextGen is one of the most ambitious infrastructure and modernization projects in U.S. history. Its successful, ongoing rollout is the result of rigorous acquisition, program and portfolio management, and stakeholder engagement with the airline industry and other members of the aviation community. The FAA invited airline stakeholders to …read more

Source: http://www.faa.gov/news/press_releases/news_story.cfm?newsId=21435&omniRss=press_releasesAoc&cid=102_P_R

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Filed in: FAA Press Releases

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