The Air Transportation Safety and System Stabilization Act, signed into law September 22, 2001, authorizes the board to issue up to $10 billion in federal loan guarantees to air carriers for which credit is not otherwise available and where "such agreement is a necessary part of maintaining a safe, efficient and viable commercial aviation system in the United States. Legal services to the Board were provided by contract by New York-based law firm Curtis, Mallet-Prevost, Colt & Mosle.
The ATSB denied applications from nine carriers: Ozark Airlines dba Great Plains Airlines, MEDjet International, Corporate Airlines, Gemini Air Cargo, Frontier Flying Service, Spirit Airlines, National Airlines, and both initial and revised applications from United Airlines and Vanguard Airlines.
Agency designations of representatives to Air Transportation Stabilization Board. (Announcements).(Brief Article)
Dec 01, 2001; Federal Reserve Board Chairman Alan Greenspan designated on November 9, 2001, Governor Edward M. Gramlich to serve in his place...
ATSB precedent hard to swallow.(Air Transportation Stabilization Board)(Brief Article)(Statistical Data Included)
Jun 10, 2002; Aircraft ABS could be negatively impacted by the Air Transportation Stabilization Board decision not to guarantee loans made to...