ITT and Nexa Capital set up fund to help pilots retrofit NextGen

AOPA: Aerospace companies set up NextGen fund to help pilots retrofit planes
As the Federal Aviation Administration flies along with work on its NextGen program, several U.S. aerospace companies are setting up a fund to help pilots properly equip their planes to use the new technology. ITT Corp. and Nexa Capital Partners are heading up the establishment of the fund that will total “well over” $1 billion, says Nexa managing partner Michael Dyment. That should be enough money to cover up to 80% of the U.S. commercial transport planes that need cockpit retrofitting. 


35 years component-level Aviation/Electronics repair/Avionics retrofit experience. FCC General Radiotelephone with Ship Radar. Navcom-Audio, Transponder-Pulse-Radar, Autopilot expertise. IT Administration since 1983. Private Pilot since 1986. CAD designer since 1990. FAA Certified Repair Station Chief Inspector since 1994. Started 3 Avionics Shops. College: Business Administration/Marketing. Motorcycle enthusiast. 6 year USAF Veteran, Ground Radio Equipment Technician (30474, E-5). WordPress novice.

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