The NextGen GA Fund will help modernize the general aviation fleet, benefiting tens of thousands of pilots and owners and increasing aircraft value along the way.
The NextGen GA Fund will finance NextGen installations, using stipulated equipage families to include WAAS-capable GPS, ADS-B In, ADS-B Out, RNAV/RNP avionics, data communications, SWIM, flat panel displays, antennas, electronic components, instrument panel modifications, installation and certification costs.
This is a Public Private Partnership formed between the U.S. Congress, the aerospace industry and the private investment community. Congress approved of this program by granting federal loan guarantees found in Section 221 of the FAA Reauthorization Act of 2012. The NextGen GA Fund will initially bring approximately $550 million as a capital base, eventually supporting some $1.3 billion in recurring financings to the general aviation sector during the next 10 years.
The NextGen GA Fund will enable the retrofit of tens of thousands of general aviation aircraft.
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