FAA Provides $8 Billion in Airport Rescue Grants | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-Unlimited-04.23.24

Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

Thu, Jun 24, 2021

FAA Provides $8 Billion in Airport Rescue Grants

Primary Commercial Service Airports Will Share Approximately $6.5 Billion

The FAA will award $8 billion in grants to keep U.S. airport workers employed, construction projects going and help U.S. airports recover from the impacts of the COVID-19 pandemic.

The funding provides economic relief to eligible commercial service, reliever, and general aviation airports. The money will help keep people safe and employed by reimbursing operational expenses, debt service payments, and costs related to combating the spread of pathogens at the airport. Airports can also use the money to provide rent relief to in-terminal retail and concession companies. The funding requires that airports continue to employ at least 90 percent of their pre-pandemic employees for those airports that cover a majority of the traveling public.

“The FAA is committed to working with the aviation industry as it recovers from the impacts of the pandemic,” said FAA Administrator Steve Dickson. “These airport rescue grants provide needed support to our nation’s airports as we recover from the pandemic’s impacts.”

Under the Airport Rescue Grants program:

  • Primary commercial service airports will share approximately $6.5 billion based on the number of annual boardings.
  • An additional $800 million will be available to primary commercial service airports for providing relief to in-terminal airport concessions from rent and minimum annual guarantees including $640 million for relief to small concessions and $160 million for relief to large airport concessions.
  • Non-primary commercial service and general aviation airports will share $100 million based on their airport categories, such as national, regional, local, and basic.
  • The remaining funds of the $8 billion will be used to cover an airport’s cost-share portion on grants through the FAA’s Airport Improvement Program as well as the supplemental discretionary grants. This means airports will likely not have to pay their portion of a given project.

Among the hundreds of airports receiving funding today include:

  • Philadelphia International: $115 million
  • Yeager Airport, Charlestown, W.Va.: $3.2 million
  • Ted Stevens Anchorage International: $44.4 million
  • Gulfport-Biloxi International: $4.9 million
  • St. Louis Lambert International: $56.2 million
  • Portland International Jetport, Portland, Maine: $10.4 million
  • Daniel K Inouye International: $74.3 million
  • Raleigh-Durham International: $50.6 million
  • Seattle-Tacoma International: $175.7 million
  • Portland International: $72 million
FMI: www.faa.gov/airports/airport_rescue_grants/

Advertisement

More News

ANN's Daily Aero-Term (04.28.24): Airport Marking Aids

Airport Marking Aids Markings used on runway and taxiway surfaces to identify a specific runway, a runway threshold, a centerline, a hold line, etc. A runway should be marked in ac>[...]

Aero-News: Quote of the Day (04.28.24)

"It is extremely difficult, if not impossible, for manned aircraft to see a drone while conducting crop-enhancing and other aerial applications at low altitudes and high speeds. We>[...]

ANN's Daily Aero-Linx (04.28.24)

Aero Linx: The Skyhawk Association The Skyhawk Association is a non-profit organization founded by former Skyhawk Pilots which is open to anyone with an affinity for the A-4 Skyhaw>[...]

Aero-News: Quote of the Day (04.29.24)

“The T-54A benefits from an active Beechcraft King Air assembly line in Wichita, Kansas, where all required METS avionics and interior modifications are installed on the line>[...]

ANN's Daily Aero-Linx (04.29.24)

Aero Linx: Aerostar Owners Association The Association offers the Aerostar Owner a unique opportunity to tap an invaluable source of information concerning the care and feeding of >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC