The Aerospace Industries Assn. (AIA) on Monday warned that budget sequestration cuts—due to take effect early in FY2013—are expected to hit the civil aviation industry hard. The effects of budget cuts on FAA operations as a result of sequestration are predicted to translate to 132,000 in lost aviation jobs, annual economic losses of $80 billion a year by 2035, an annual decrease of 37 to 73 million passenger enplanements and annual reductions of one to two billion pounds of ...

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