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NBAA, NATA and GAMA have each welcomed aviation provisions in the U.S. budget reconciliation bill, known as the 'One Big Beautiful Bill Act' which has passed through both houses of Congress and been signed into law.
NBAA highlighted the bill’s $12.52 billion allocation for replacing ageing air traffic control (ATC) facilities, technology and staffing. It also noted the permanent reinstatement of full expensing for factory-new and preowned aircraft, and the two-year extension of the Section 45Z Clean Fuel Production Credit. NBAA President and CEO Ed Bolen says: “This bill enacts many important initiatives to ensure America's continued leadership in aviation.”
NATA also applauded the funding for ATC modernisation and the extension of bonus depreciation. Curt Castagna, NATA's President and CEO, says: “By removing uncertainty around tax planning, Congress has empowered aviation businesses to reinvest, grow jobs and expand access to on-demand transportation and critical services across the country.” He added that the extension of 529 education plan eligibility to federal certifications would help remove barriers for pilots and mechanics.
GAMA's president and CEO James Viola adds that the bill would help modernise the ATC system and support general aviation innovation, jobs and growth. “These tax incentives provide a catalyst for U.S. aerospace manufacturers to continue to lead on a global scale,” he says.