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68 Airports and the Newest Generation of General Aviation Aircraft
7.7 Privatization
Most airports in the United States are operated as not-for-profit entities with oversight by a
politically appointed or governmental agency. Privatization can refer to a broad range of activities
that entail varying levels of private involvement in the operations of an airport, ranging from
partial to full privatization.
7.8 Summary
Although there are a number of potential revenue sources, identifying the appropriate one for
a specific airport requires coordination with the relevant governmental oversight agencies. The
purpose of the project and the airport revenues also affect the potential revenue sources. Airport
funding is best identified as part of a longer term capital improvement program developed in
conjunction with the airport's budget.
7.9 Helpful References and Resources
ACRP Synthesis 1 Innovative Finance and Alternative Sources of Revenue for Airports, http://onlinepubs.trb.org/
onlinepubs/acrp/acrp_syn_001.pdf. This synthesis provides an overview of common capital funding sources
used by airport operators, a review of capital financing mechanisms used by airports, descriptions of various
revenue sources developed by airport operators, and a review of privatization options available to U.S. airport
operators.
FAA, Airport Improvement Program Handbook, http://www.faa.gov/airports_airtraffic/airports/aip/aip_handbook/.
This handbook provides guidance and sets forth policy and procedures on how the FAA is to administer the
Airport Improvement Program (AIP). AIP is a grant program for airport planning and development projects
available to airports within the National Plan of Integrated Airport Systems (NPIAS).
FAA Order 5190.6A, Airport Compliance Requirements, http://www.faa.gov/airports_airtraffic/airports/resources/
publications/orders/media/Obligations_5190_6a.pdf. This order provides policies and procedures related
to airport compliance with obligations under FAA grant programs.
