What you need to know about the FAA’s plan to retire all jets

Aviation maintenance career in the US is set to be axed, the FAA has announced.

Auctioning off aircrafts that have spent more than 40 years in service, the agency plans to trim its fleet of planes by up to 15% by the end of the decade, and to retire at least a quarter of its fleet by 2025.

The announcement comes as the Federal Aviation Administration prepares to release its next set of aviation safety plans, which will outline its plans for the next decade.

The final version will be released next week.

The FAA’s decision will likely prompt the US military to begin its own research and development efforts, according to the Air Force Times.

The Pentagon has said it is working with Congress on a plan to develop a new, modern jet fighter.

“The Air Force is committed to accelerating the transition to an all-electric, clean-energy-powered combat aircraft, and is working closely with the Air Resources Board and Congress on the best possible technology for that transition,” Pentagon spokeswoman Capt. Jennifer K. Peeples said in a statement.

While the FAA will continue to operate its existing fleet of commercial planes, the announcement is expected to put a crimp in the Pentagon’s efforts to purchase more fighter jets.

Since 2012, the Air Forces have bought between 500 and 600 jets, with the most recent contract in 2015, which is expected be valued at $4.4 billion.

Peeples told Reuters in an email that the Pentagon is committed “to moving forward with a plan that ensures the AirForce maintains the best capability to perform its mission” while continuing to build out the air force’s fleet of F-35s.

For the next 10 years, the Pentagon has estimated that it needs between $20 billion and $26 billion in new funds to replace aging fighter jets and maintain its current fleet of aircraft.

The new funds would come from a $100 billion base budget, and the additional funding could come from the Pentagon budget.