The U.S. aviation sector is reportedly pushing lawmakers to approve a funding package worth $20 billion to modernize the country's aging air traffic control (ATC) systems, as well as curb flight disruptions.
Next-Generation Tech According to a Reuters report on Wednesday, a coalition of airlines, airplane manufacturers, airports, unions and others said that the funds would replace hundreds of aging ATC facilities, as well as help deploy next-generation tech for controllers to improve safety.
Read Also: Sean Duffy Says Trump Administration Would Require An Additional $19 Billion To Overhaul Air Traffic Control: 'Need More Money' The letter referenced by Reuters was signed by Boeing Co.
(NYSE:BA), Airbus SE (OTC:EADSF) (OTC:EADSY), as well as the Airlines for America consortium that represents the likes of American Airlines Group Inc.
(NASDAQ:AAL), United Airlines Holdings Inc.
