Grant Assurance 10 – Metropolitan Planning Organization
Grant Assurance 10 – Metropolitan Planning Organization has a couple of criteria for applicability. First, it must be for a federally funded project that involves … Read More
Grant Assurance 8 – Consultation With Users
Prior to beginning a federally funded project, the airport operator must consult with affected users. The manner in which the consultation occurs is up to … Read More
Revenue Diversion
Generally speaking, revenue generated by the airport, must stay with the airport. The basis of the US civil aviation system is founded upon the principle … Read More
Concessions Development
Concessions Passengers have needs while at airports. Concessions and retail often fill that need. Airports provide the passengers, the retailers provide the services. Concessions are … Read More
Grant Assurance 4 – Good Title
Grant Assurance 4 – Good Title is a requirement that the airport sponsor holds the title to the airport where the federally funded project will … Read More
Grant Assurance 3 – Sponsor Fund Availability
See Grant Assurances for the broad overview of the obligations on airports who receive federal funding. Grant Assurance 3 – Sponsor Fund Availability addresses the … Read More
Grant Assurance 2 – Responsibility and Authority of the Sponsor
As discussed previously, a Grant Assurance is an obligation that an airport agrees to when receiving federal funding. If you have not read the intro … Read More
Grant Assurance 1 – General Federal Requirements
As stated in Grant Assurances, the Airport Sponsor accepts the obligations and conditions of the Federal government in exchange for either property or money (Airport … Read More
Grant Assurances
Grant assurances are a method the Federal Aviation Administration (FAA) regulates and controls locally owned airports to ensure a return on their investment. By accepting … Read More
Who Owns the Airport?
Across the globe, airport management and ownership varies greatly. Even within the United States, the type of ownership varies, with the exception that almost all … Read More
