The Opening Bell 6/7/17: Should FAA Focus on Privatization, or Modernization? | WGN Radio - 720 AM
This is an interview with me this morning about the proposal to privatize the Federal Aviation Administration's air traffic control functions. Trump had a silly signing ceremony with no legislation or executive order--not even a real proposal. He just "signed" some "principles" that basically amount to endorsing unspecified private-public partnerships as the way to build infrastructure. And he endorsed last year's HR 4441 that failed miserably. It was the four major airlines' plan to privatize air traffic control and give them control over it--30,000 employees, tens of billions of dollars of infrastructure, tens of billions more in money to update airports, and control over air traffic control. The bill went nowhere, except in the committee of Rep. Bill Shuster (R-PA). By an amazing coincidence, Shuster was spotted having a good time in Miami with two airline lobbyists, one of whom was his girlfriend. The four major airlines spent $16 million lobbying. Here's what the lobby for regional, smaller airlines thinks.