FAA Urged To Allow Commercial Use of 'Micro' Drones

By Daniel Wilson (December 19, 2014, 6:11 PM EST) -- A fund established to finance commercial drone development efforts has petitioned the Federal Aviation Administration, asking it to put a rule in place allowing for limited commercial use of "ultra-small" drones, it announced Friday.

In its petition for rulemaking, filed with the agency late Thursday, the UAS America Fund LLC — a $2.2 billion fund established in April by aerospace investment firm NEXA Capital Partners LLC — has asked the FAA to establish a rule for "micro" unmanned aircraft, allowing broader commercial and other nonrecreational uses of these microdrones, more formally known as unmanned aerial systems, or UAS.

"The petition balances safety...

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