At a time when airlines are struggling with a shortage of pilots and the FAA needs more air traffic controllers, one of the few schools in the nation that trains them has been given a deadline by its lenders.

Vaughn College of Aeronautics and Technology, a specialized school located in proximity to LaGuardia Airport in Queens, has agreed to a deal with a trustee for municipal bondholders after the school fell into technical default on its debt.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jack Rogers


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.