Amazon.com, Inc. (NASDAQ:AMZN), the world’s famous e-commerce giant, has expressed frustration against the United States Federal Aviation Administration (FAA) over delaying its approval for commercial drone testing for a now obsolete drone. A Reuters article reported on the news and discussed about Amazon.com, Inc.’s anger against the FAA’s delays in pushing through its commercial drone regulation.
“We don’t test it anymore. We’ve moved on to more advanced designs that we already are testing abroad,” said Paul Misener, Amazon.com, Inc.’s Vice President for Global Public Policy.
On Tuesday, the e-commerce giant showed its annoyance towards the FAA for delaying its approval of commercial drone testing, as Amazon.com, Inc. said that the United States is staying behind and other countries are moving forward in the potentially advantageous space of unmanned aviation technology.
Only a few days ago, the FAA gave Amazon.com, Inc. (NASDAQ:AMZN) permission to experiment with its delivery drones outdoors. Amazon.com, Inc. told U.S. regulators that the company has waited for above six months to get the agency’s approval and the prototype drone had already become old technology.
“Nowhere outside of the United States have we been required to wait more than one or two months to begin testing,” Misener stated in testimony submitted to the Senate Subcommittee on Aviation Operations, Safety and Security.
Amazon.com, Inc. (NASDAQ:AMZN) is not the only one who is complaining about the slow regulatory process in the United States. Many other companies think the same way and blame the agency for not keeping up with rapidly developing drone technology that could help in generating more revenues and cost minimization for a range of industries.
“This low level of government attention and slow pace are inadequate, especially compared to the regulatory efforts in other countries,” Misener said.
Amazon.com, Inc. (NASDAQ:AMZN), the largest e-commerce company in the United States, likes to use drones to deliver its packages to customers over distances of 10 miles or more, which would require drones to fly without pilots while having the ability to avoid collisions with other aircraft. The FAA’s recently proposed rules might enable most of the commercial drones to take to the skies, but several embedded restrictions would also make package delivery and other business applications impractical.
I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.
