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Airport Finance & Administration: Understanding Key Concepts

Explore airport finance and administration with topics including FAA oversight, grants, concessions, and more. Learn about airport regulations and the role of various stakeholders in airport operations.

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Airport Finance & Administration: Understanding Key Concepts

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  1. Airport History Intro to Airports Finance & Administration Acronyms Areas, Gizmos and Gadgets $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500

  2. The Federal Agency responsible for the oversight of all airport related regulations

  3. What is the FAA (Federal Aviation Administration)?

  4. This type of airport does not have scheduled air carrier, air cargo, or commuter service.

  5. What is a General Aviation Airport (GA)?

  6. Cities own approximately this percentage of airports in the United States.

  7. What is 30%?

  8. These documents help explain the intent of a federal aviation regulation, provide guidance and information to the aviation public in a designated subject area, or show a method acceptable for complying with a related regulation.

  9. What are Advisory Circulars?

  10. This type of air carrier enters into a long-term agreement with the airport.

  11. What is a Signatory Air Carrier?

  12. These charges are levied on a ticket, collected by the airlines, and forwarded to the airport. These funds can be used to preserve or enhance safety, security, capacity, reduce noise and to enhance competition amongst air carriers at an airport.

  13. What are Passenger Facility Charges (PFC’s)?

  14. Theobligations agreed to by Airport owners which specify the use of airport revenue, establish fair and reasonable fees for airport users, and outline the disposition of airport property and other policies when using federal grant money.

  15. What are Grant Assurances?

  16. What is your wager?

  17. This type of airport tenant provides revenue for the airport while at the same time meeting the needs of the passengers, visitors, and employees for food, beverages, retail and other service amenities.

  18. What are Concessions?

  19. This type of bond is issued only by a state, municipality or other authorized general purpose government and typically require voter approval and pledge the full faith and credit of the bond user as security to the investor.

  20. What are General Obligation Bonds?

  21. These grants can be used for the purposes of airport planning, airport development, or noise compatibility projects.

  22. What are AIP Grants (Airport Improvement Grants)?

  23. The first sustained, powered, and controlled flight was made here.

  24. What Kitty Hawk, North Carolina?

  25. This event resulted in the passage of the Aviation and Transportation Security Act of 2001 which created the TSA and tasked them with the safety of the aviation industry.

  26. What is September 11??

  27. This type of natural disasters occurring in 2004 and 2005 saw the expanded the role of airports from evacuation centers to include temporary relocation of governments, EOC’s, temporary hospitals and morgues, as well as staging areas for FEMA and other aid agencies.

  28. What are hurricanes?

  29. The Federal Aviation Act of 1958 was passed because of the introduction of jet aircraft and a series of this type of disaster.

  30. What are midair collissions?

  31. This event caused President Reagan to fire over 13,000 members of this group’s 17,000+ membership in 1981.

  32. What is the PATCO Strike (Professional Air Traffic Controllers Organization)?

  33. GA

  34. What is General Aviation?

  35. ARFF

  36. What is Airport Rescue and Fire Fighting?

  37. LOI

  38. What is Letter of Intent?

  39. ALP

  40. What is Airport Layout Plan?

  41. What is your wager?

  42. NOTAM

  43. What is Notice to Airmen?

  44. Paint used in certain airfield markings are required to contain these items to allow for better visualization of the markings.

  45. What are glass beads?

  46. This equipment includes airport buildings, equipment, technology services, and other infrastructure shared by more than one tenant, airline, or entity.

  47. a What is CUTE (Common Use Terminal Equipment)?

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