Economic news

Trump proposes to privatize U.S. air traffic control system

The President of the United States Donald Trump proposed to privatize air traffic control services, opening a "week of infrastructure" - an ambitious rebuilding plan he promised during his election campaign.

On Monday, Trump sent a draft document to Congress, saying that his acceptance would allow Americans to "travel cheaper, faster and safer."

According to the document, the air traffic control services needed to be separated from the Federal Aviation Administration (FAA) and to be moved over to the independent third-party (private) agency for free for three years, while about 30,000 FAA employees working in these services will no longer receive salaries from the federal budget.

The White House refers to the experience of a number of developed countries in the world that have created similar independent corporations financed by user system payments rather than budget.

Democrats have already largely opposed the Trump's proposal.



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