Aircraft Equipment Settlement Leases Act of 1993 Hearing Before the Subcommitt
Aircraft Equipment Settlement Leases Act of 1993 Hearing Before the Subcommitt
United States Congress House Committee On the J
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Some transactions are being priced higher because of this uncertainty, while other deals simply aren't getting done. 23 Section 1110 was originally enacted to bring greater certainty to the airlines and to the financiers that support their equipment needs. The present uncertainties frustrate the very purpose underlying Section 1110 and threaten the basis upon which airlines have for years procured the financing necessary to support their equipment needs. In view of the enormous financing requir...ements of our U. S. Airlines, it is imperative for their recovery and vitality that we bring order and clarity to the operation of Section 1110. Our air transportation industry has never faced more serious challenges than those now confronting it. While these measures won't solve all of the problems affecting the industry, they will solve some very important ones. We hope that the bill under consideration today will promptly be enacted and that this Subcommittee will then turn its attention to these larger and increasingly urgent problems.
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