trending Market Intelligence /marketintelligence/en/news-insights/trending/S2faLCC-4yXAW_UVrI2DOg2 content esgSubNav
In This List

Trump unveils plan to privatize air traffic control

Case Study

A Law Firm Taps into Extensive Data Solutions to Create a Powerful CRM System


MediaTalk | Season 2
Ep.9 How Consumers Split Their Dollars, Time Among Streaming Services


Investment Banking Essentials: April 17


Points Of No Return: Loyalty Ventures Inc.’s Financial Tailspin

Trump unveils plan to privatize air traffic control

President Trump announced his administration's plans to privatize the nation's air traffic control system from the Federal Aviation Administration at a White House ceremony June 5.

"Today we're proposing to take American air travel into the future, finally," Trump said. "We live in a modern age, yet our air traffic control system is stuck painfully in the past."

The new "self-financing, nonprofit organization" will focus on restoring timely service and reducing delays, while the FAA will focus on safety, according to Trump.

The president said his administration studied different air travel systems from multiple countries in formulating its plan. Trump would not disclose which countries his administration analyzed, but he later mentioned the success Canada had in privatizing its air traffic control system.

Trump said the private air traffic control system will have access to the most modern technology available, while reiterating that, "this new entity will not need taxpayer money." The proposal is part of the administration's plan to upgrade the nation's infrastructure.

Senate Minority Leader Chuck Schumer, D-N.Y., criticized Trump's infrastructure plans in a series of tweets following the announcement. The president's proposal, Schumer wrote, "focuses on privatization, which really means less construction and fewer jobs, particularly in rural areas."