What Happened
Government Eyes Ownership in Company Behind Revolutionary Air Traffic Management
The US Federal Aviation Administration (FAA) is seeking an ownership stake in Air Space Intelligence, the company behind a new AI-supported air traffic management system. The proposed arrangement would give the government a financial interest in the contractor, which has already been awarded work worth up to $875.9 million. The move comes as US lawmakers press the FAA to halt the system’s initial rollout until the agency answers questions about safety testing, training, and oversight. According to AeroTime, the FAA has drawn up preliminary terms for an investment and is negotiating a deal that would give the government the right to buy shares at a set price.