Author: CIT Group
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Infrastructure, particularly transportation infrastructure, is easy to take for granted. The implications are particularly impactful for the global aviation industry, which is reliant on an interconnected and complex mix of private and public investment to maintain and to accommodate growth. Inadequate investment in aviation infrastructure affects us all as individuals every time a flight is delayed because there isn’t adequate capacity for the number of planes that need to take off and land during airline rush hours. And it affects business owners and governments when there isn’t the capacity to move goods from place to place. Aviation infrastructure is at a critical juncture now that Congress passed only a temporary measure to reauthorize funding for the Federal Aviation Administration. A long-term bill must take the long view, not just extending funding and providing for smart and safe growth, but modernizing the system and rethinking oversight. Here’s why.