Innovative Revenue Strategies – An Airport Guide (2015) / Chapter Skim
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Pages 279-289
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From page 279... ...
B 1 Appendix B Definitions and Abbreviations Above the Wing Services – Generally refers to: concierge services, mee ng and gree ng for arriving passengers and crew, airport escort through customs and immigra on, security arrangements for passengers, crew, and aircra , and certain airport ramp to city services. Agglomeraon Economy and Economies of Scale – Benefits realized when businesses locate near each other ('agglomera ng')
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From page 280... ...
INNOVATIVE REVENUE STRATEGIES – AN AIRPORT GUIDE B 2 non avia on businesses that assume features of a city. These may include freight and manufacturing establishments, mul modal connec ons, and services/retail, including hotels, restaurants, entertainment, office complexes, and shopping malls.
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From page 281... ...
APPENDIX B – DEFINITIONS AND ABBREVIATIONS B 3 Business Improvement District – A district voluntarily established by a group of businesses that assesses a fee on each business to fund improvements within the district. Business Rate Levy – A tax assessed to businesses to help pay for transportaon investments.
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From page 282... ...
INNOVATIVE REVENUE STRATEGIES – AN AIRPORT GUIDE B 4 costs include administraon, personnel, maintenance, fire and police costs, and are also known as overhead. Cross U liza on – An approach to managing airport operaons to maximize the efficiency of an airport's employees and could include training an employee in mulple areas so that they can switch from one role to another depending upon where they are most needed at a given me.
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From page 283... ...
APPENDIX B – DEFINITIONS AND ABBREVIATIONS B 5 Enplaned Passenger – Passengers boarding an aircraft at a specific airport. Enplaned passengers also include connecng passengers that deplane one aircra and board another aircra to connue their journey.
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From page 284... ...
INNOVATIVE REVENUE STRATEGIES – AN AIRPORT GUIDE B 6 determined by the total charges on the face of a customer's contract receipt, excluding taxes, CFCs, insurance proceeds, and the wholesale transfer of salvage vehicles. The definion of gross revenues should also include add ons such Global Posioning System (GPS)
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From page 285... ...
APPENDIX B – DEFINITIONS AND ABBREVIATIONS B 7 and maintenance. Typically the third party collects rents and fees from tenants and shoulders the risk of the investment.
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From page 286... ...
INNOVATIVE REVENUE STRATEGIES – AN AIRPORT GUIDE B 8 Wendell H Ford Aviaon Investment and Reform Act for 21st Century (AIR 21)
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From page 287... ...
APPENDIX B – DEFINITIONS AND ABBREVIATIONS B 9 is ac vated. This allows an airport to offer a lower basis for ini al startup of commercial ac vity and services, and to share in profitability once the business is established.
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From page 288... ...
INNOVATIVE REVENUE STRATEGIES – AN AIRPORT GUIDE B 10 possible, is required for the safety of, or otherwise directly related to the operaon of aircra. Aeronaucal use includes services provided by air carriers related directly and substanal to the movement of passengers, baggage, mail, and cargo on the airport.
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From page 289... ...
APPENDIX B – DEFINITIONS AND ABBREVIATIONS B 11 Third Party Developer – Airport has an agreement with a third party to develop, market, lease, and manage the concessions without directly opera ng any. The third party developer nego ates concession agreements on behalf of the airport sponsor.
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