US: Unchanged AIP funds, PFC cap disappoints US airports
US airports are disappointed Congress opted not to increase funds they receive for infrastructure construction in the FAA reauthorisation bill, putting pressure on them to generate funds to shore up facilities during record passenger demand. “When you look at the final bill, we ended up with a status quo approach,” American Association of Airport Executives (AAAE) EVP-govt and public affairs Joel Bacon said. “This bill does not represent significant progress in solving the fundamental issues we have with serially underinvesting in airport facilities.” Under the bill, Airport Improvement Program funds are set at US$3.2b annually, which has remained roughly flat since the turn of the century and is less than half the $7b FAA has estimated airports need to meet their infrastructure needs each year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-31/general/us-unchanged-aip-funds-pfc-cap-disappoints-us-airports
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US: Unchanged AIP funds, PFC cap disappoints US airports
US airports are disappointed Congress opted not to increase funds they receive for infrastructure construction in the FAA reauthorisation bill, putting pressure on them to generate funds to shore up facilities during record passenger demand. “When you look at the final bill, we ended up with a status quo approach,” American Association of Airport Executives (AAAE) EVP-govt and public affairs Joel Bacon said. “This bill does not represent significant progress in solving the fundamental issues we have with serially underinvesting in airport facilities.” Under the bill, Airport Improvement Program funds are set at US$3.2b annually, which has remained roughly flat since the turn of the century and is less than half the $7b FAA has estimated airports need to meet their infrastructure needs each year. <br/>
