The Kelly Act - Answer- Authorized postmaster general to contract for domestic airmail service with commercial air carriers
Fixed-Base Operator (FBO) -
... [Show More] Answer- Provided fuel and place for pilots/passengers to rest. Offered services
Air Mail Act of 1925 - Answer- Commercial airlines became widespread
Commerce Act of 1926 - Answer- Federal govts.'s regulation of civil aviation
American Association of Airport Executives (AAAE) - Answer- First airport management trade organization established
Hub-and-Spoke - Answer- Allows cargo to be transported to central hub, where it's re-sorted and sent to final destination.
Airlines also used for more efficient way of moving passengers
Self-sustaining - Answer- Airport does not rely on municipal tax revenue to operate
Airport Sponsor - Answer- this entity is own/controls the direction of and is accountable to the FAA for operating a public use airport
Airport Executive - Answer- tactical leader of airport (airport direction/manager), in charge of day to day activities, makes recommendations to board
Which entity is responsible for preparing financial plans? - Answer- Airport Executive/Manager
FAA Orders - Answer- Memo to an FAA District Office. Explains how to administrate a process. How FAA will regulate a process
Term for Grant Assurances - Answer- -Non-land: Typically 20 years
-Land: Life of the land
-Equipment: lifespan of equipment
Part 13 Complain - Answer- Informal
-Know where to file
-Brief summary of process
-Results of process
Part 16 Complain - Answer- -Formal
-Deadline driven
-Have to prove that you attempted to fix things w/ airport first.
What department was Aeronautics first organized under in the U.S.? - Answer- Department of Commerce
Min. number of enplanements per year to be classified as commercial service? - Answer- 2500
Which precedent is the Works Progress Administration (WPA) responsible for setting? - Answer- Airports should be self-sustainable
What signified the effective begging of privatized space flight? - Answer- Final flight of US Space Shuttle
Correct classification for airport designated by FAA to relieve GA traffic from commercial service airport? - Answer- GA Reliever
FAA Order - Answer- Directive to FAA Airport District Office personnel on specific subjects and programs
What federal doc has the FAA found to be the most effective means for extending federal govt. policy to local govt. units? - Answer- Grant Assurances
What waives immunity over claims arising out of contracts w/ the federal govt.? - Answer- The Tucker Act
FAA term for the entity that is responsible for governance of the airport? - Answer- Airport Sponsor
Benefit of grant assurances to the airport user? - Answer- Ensure that an adequate level of safe and efficient service is available to the public
According to FAA, which area do the most conflicts occur, related to permitted activity on the airport? - Answer- Non-aeronautical use
What doc must always be up to date to receive federal funds? - Answer- Airport Layout Plan
1987 Airport and Airway Safety and Capacity Expansion Act (ACEA) - Answer- Funding priority was given to airport projects that focused on enhancing safety and sustaining an airport's overall capacity to handle aircraft and ground operations
Capacity - Answer- A protein of an airspace or airports ability to handle a given volume of traffic (demand) within a specified time period
Airfield Capacity - Answer- A measure of the level of aircraft movements that the rwy/taxiway system is able to handle over a specified time period
Which Act Transferred the federal govt.'s civil aviation role to a new independent agency, the Civil Aeronautics Authority? - Answer- The Civil Aeronautics Act of 1938
33% of all public use airports are owned by which entity? - Answer- City
What impact did the Aviation Investment and Reform Act for the 21st Century have on the aviation industry? - Answer- Increased PFC's to $4.50
Which two key positions at any airport are generally outside of the vertical reporting structure? - Answer- Legal counsel and financial auditor
When does governmental immunity apply? - Answer- To employees of the federal, state, or local govt., provided they are acting within the scope and authority of their position
DBE requirements mean than not less than ___ of the funds authorized for the highway and transit financial assistance programs be expended with DBEs. - Answer- 10%
What is the name of the agreements that transferred military airports to civilian airports after WWII? - Answer- AP-4 Agreements
What type of use of airport revenue would NOT be approved by the FAA? - Answer- General Economic Development for the community
What is the ONLY exception to the Exclusive Rights Grant Assurance - Answer- The airport may grant itself the exclusive right to conduct an operation
The public comment period for a Notice of Proposed Rulemaking for a minor change is normally how long? - Answer- 30 days
What does the grant assurance addressing compatible land use require the airport to do? - Answer- Attempt to restrict the use of land adjacent to or in the immediate vicinity of the airport
Which reg. addresses airport noise planning? - Answer- Title 12 CFR Part 150
How many enplanements does a primary commercial service airport have? - Answer- 10,000 or more
What FAA office provides oversight of airport compliance with Part 139? - Answer- Airport District Office
What office can dismiss Part 16 complaints based on procedural grounds? - Answer- The Director of the Office of Airport Safety and Standards
What plan addresses the strategy for Air Service Development for an airport? - Answer- Marketing Plan
What document identifies the legal, financial, and operational relationship between the airport operator and the airlines? - Answer- Aeronautical Use Agreement
FAA policy applies a strict ___ valuation standard to core aeronautical use facilities. - Answer- Historical
What types of charges are related to the ops and uses of an airfield but are incidental to the operation of an aircraft? - Answer- Non-Aeronautical Use
What gives signatory airlines the ability to influence capital projects undertaken at the airport by giving them the right to approve or disapprove proposed projects? - Answer- Majority in Interest
___ airports have commonly used the residual method fro setting rates because of the influence and power of the airlines in generating economic traffic. - Answer- Large Hub
A personal property tax on an aircraft based at an airport is an example of what type of revenue? - Answer- Non-Operating
Lease requires a period valuation of the property to set new rates. What type of lease is this? - Answer- Revaluation Lease
This type of concession contract guarantees that the tenant will pay the airport a min amount annually - Answer- Min Annual Guarantee (MAG)
Airports enplaning over ___ passenger annually are good candidates for brand-name vendors and concessions - Answer- 5,000,000
Amount owed to the airport are? - Answer- Accounts receivable
What does the module consider the most important factor that affects an airport's ability to become more self-sustaining through commercialization or privatization? - Answer- The demographic makeup of the community
What financial statement provides a fiscal description of airport assets and liabilities at a specific date? - Answer- Balance Sheet
What statement shows revenues minus expenses to arrive at the "bottom line?" - Answer- Income Statement
This is a decision making tool to assess whether a stock is earning money - Answer- P/E Margin
What is an annual charge against income that reflects the cost of capital improvements and equipment used in the conduct of business? - Answer- Depreciation
This type of budge is becoming the most popular for airports with compensatory agreements - Answer- Revenue or cost-centered
Which type of budge is normally associate w/ a small airport? - Answer- Lump sum
When you remove the costs of doing business from the income statement, you are left with what? - Answer- Gross profit
Liquidity is - Answer- Amount of time required to convert an asset to cash
Which category has the highest priority for AIP funding? - Answer- Safety and Security
What is considered the most effective way to conduct a market analysis? - Answer- Hire a knowledgable consultant
What is the first step in assessing the quality of a bond? - Answer- Airport conducts informal discussions w/ the rating services
What type of federal funds are given to an airport through a set formula? - Answer- Entitlement
Which doc conveys the intent of the FAA to obligate the money for an Airport Improvement Program project over a period of time? - Answer- Letter of Intent
What types of bonds require the voter approval and are associated w/ being issued by States or Municipalities? - Answer- G [Show Less]