National Academies Press: OpenBook

Characteristics of the FBO Industry 2018-2019 (2020)

Chapter: Appendix D - Glossary

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Page 78
Suggested Citation:"Appendix D - Glossary." National Academies of Sciences, Engineering, and Medicine. 2020. Characteristics of the FBO Industry 2018-2019. Washington, DC: The National Academies Press. doi: 10.17226/25846.
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Page 78

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78 Airport Sponsor: The entity that is legally responsible for the management and operation of an airport, including the fulfillment of the requirements of laws and regulations related thereto. Assignment: An assignment is the transfer of a claim, right, interest, or title to a property, especially personal property. In addition, an assignment refers to the actual document—also called the instrument—you use to record and make the transfer legal. Common Use: Common Use means the flexible and shared use of airport facilities through shared technology and infrastructure. Conveyance: Conveyance refers to the transfer of ownership or interest in real estate or real property from one person or entity to another by a legally acceptable document. Acceptable documents include deeds, mortgages, leases, and statements of conveyance. The latter is dif- ferent from a deed or lease in that it is a much simpler document, usually only one page. You can also use a statement of conveyance to transfer intangible property—for example, a trademark or license—to someone else. Exclusive Use: Property that is available only to a single tenant. Federally Obligated Airport: Airport sponsors agree to certain obligations when they accept federal grant funds or federal property transfers for airport purposes. The FAA enforces these obligations through its Airport Compliance Program. Joint-Use Airport: A joint-use airport means an airport owned by the Department of Defense, at which both military and civilian aircraft make shared use of the airfield. Nominal Dollars: Nominal dollars refer to the current value of the dollar when reported. There is no adjustment for inflation. Preferential Use: Preferential or shared-use contractual arrangements represent a shared control between the airport and the tenant(s). The tenant acknowledges that under specified circum- stances, the airport sponsor can allow use of the facility by other tenants. Tankering: Fuel tankering involves carrying more fuel than is needed to optimize fuel burn, fuel costs, and en route fuel stops. Upload Fee: Sometimes called an into-plane fee, an upload fee is a charge made to customers that considers the cost of storage of the fuel and fueling the aircraft. A P P E N D I X D Glossary

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The fixed-base operator (FBO) industry provides aeronautical services to a wide spectrum of aircraft operators at airports. The term FBO is defined by the FAA as “a business granted the right by the airport sponsor to operate on an airport and provide aeronautical services . . .” The most basic FBO offers its customers self-service fueling, as well as a set of core services such as use of hangars, ground services, and, sometimes, aircraft maintenance.

The TRB Airport Cooperative Research Program's ACRP Synthesis 108: Characteristics of the FBO Industry 2018-2019 profiles the FBO industry as of December 2018. This analysis of data provides a quantitative snapshot of the FBO industry intended to serve as a reliable baseline of information for tracking FBO trends in the future.

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