Second Century of Flight Act

[AI summary unavailable — showing source text] Second Century of Flight Act - Establishes in the Department of Transportation an Office of Aerospace and Aviation Liaison (OAAL) to coordinate aviation and aeronautics research programs. Establishes within the Federal Aviation Administration (FAA) a National Air Traffic Management System Development Office, which shall develop a next generation air traffic management system plan for the United States. Directs the OAAL to report to specified congressional committees on market developments and government policies influencing the competitiveness of the U.S. jet transport aircraft industry. Directs the Administrator of the National Aeronautics and Space Administration (NASA) and the FAA Administrator to establish a joint aerospace workforce initiative of grants to increase the number of students in technical training and certificate programs, as well as studying for undergraduate and graduate degrees, in aerospace-related fields. Authorizes the NASA and FAA Administrators to provide loans (scholarships for service) of up to $5,000 per year to fulltime students enrolled in an undergraduate or post-graduate program leading to an advanced degree in an aerospace-related field. Directs the…