Let's hope this fails again. The private sector doesn't necessarily do a better job. Although this is being sold as a not for profit corporation, I bet they seek a change to be a for profit status once the ink is dry. 
The article states: "The new corporation would pay for itself through user fees for airlines and “reasonable” fees passed on to passengers, the administration said." In other words this is a typical right-wing scheme to gut unions, lower pay and benefits and weaken the FAA.