President Donald Trump told airline executives Thursday that he would roll back "burdensome" aviation industry regulations and slash the industry's taxes.

"We're going to be announcing something ... over the next two or three weeks that will be phenomenal in terms of tax and developing our aviation infrastructure," Trump said at the kick-off to a White House breakfast meeting with heads of most of the major U.S. commercial and cargo airlines.

Citing advice he has received from his personal pilot, Trump also told the executives that he wants to modernize U.S. aviation systems and equipment.

"We have an obsolete plane system, we have obsolete airports," the president said.

Over the coming year, Congress is expected to take a second look at a proposal to move the air traffic control (ATC) oversight from the auspices of the FAA to a private, nonprofit entity that would be overseen by a board of stakeholders.

Other pressing issues in the aviation sector include upgrades to the ATC system itself, security, airport infrastructure and a debate over whether to increase the maximum passenger facility charge (PFC) that airports are allowed to assess per flight segment.

Thursday's meeting also came as Delta, American and United have reignited their call for the federal government to clamp down on service to the U.S. from Gulf carriers Emirates, Etihad and Qatar, which they accuse of accepting illegal government subsidies in violation of open skies agreements.

However, cargo carriers as well as JetBlue and Hawaiian strongly oppose a clamp-down on the Gulf airlines.

Trump offered at least tepid, though unspecific, support for foreign air carriers as he kicked off the meeting Thursday. "I know you're under pressure from a lot of foreign elements and foreign carriers. I've been hearing that a little bit," he told the executives. "At the same time we want to make life good for them also. They come with big investments. In many cases, those investments are made by their governments, but they are still big investments."

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