Wed, Mar 25, 2015
Latest Analysis From Airports Council International-North America
U.S. airports have an estimated $75.7 billion in infrastructure investment through 2019 necessary to accommodate growth in passenger and cargo activity, rehabilitate existing facilities, and support aircraft innovation, according to a new report released today by Airports Council International-North America (ACI-NA).
“The clear takeaway from our latest survey on airport infrastructure needs is that U.S. must move beyond the status quo and comprehensively modernize how we make these essential investments,” said ACI-NA President and CEO Kevin M. Burke. “As the U.S. economy continues to gain strength and air travel rebounds, we must guarantee to passengers and cargo shippers that we can continue to meet increases in demand with safe, secure, and efficient facilities that keep pace with our global competition.”
Airport Capital Development Needs: 2015-2019 details a comprehensive scope of airport infrastructure projects, including those projects not eligible for Airport Improvement Program (AIP) grant funding. ACI-NA estimates that U.S. airports have a collective funding need of $75.7 billion over the next five years, or $15.1 billion per year, to successfully complete these projects.
Within the five-year, $75.7 billion figure, ACI-NA estimates that commercial airports account for $62.2 billion, or 82.1 percent; non-commercial airports account for $13.6 billion, or 17.9 percent. Within the commercial-airports segment:
- Large hubs account of $40.1 billion, or 52.9 percent;
- Medium hubs account for $9.1 billion, or 12 percent;
- Small hubs account for $7.7 billion, or 10.1 percent; and
- Non-hubs account for $5.3 billion, or 7.1 percent
“Across all hub sizes, airports have planned projects essential to respond to increasing demand, airline hub consolidation, and fulfilling federal mandates and passenger expectations,” continued ACI-NA’s Burke. “Modernizing the PFC and strengthening AIP will allow airports to successfully address these infrastructure challenges in a timely, cost-effective manner that benefits the whole of the aviation industry.”
More News
DETRESFA (Distress Phrase) The code word used to designate an emergency phase wherein there is reasonable certainty that an aircraft and its occupants are threatened by grave and i>[...]
Aero Linx: The International Association of Missionary Aviation (IAMA) The International Association of Missionary Aviation (IAMA) is comprised of Mission organizations, flight sch>[...]
Also: EP Systems' Battery, Boeing SAF, Repeat TBM 960 Order, Japan Coast Guard H225 Buy Despite nearly 100 complaints totaling millions of dollars of potential fraud, combined with>[...]
Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]
Also: Moya Delivery Drone, USMC Drone Pilot, Inversion RAY Reentry Vehicle, RapidFlight UAVOS has recently achieved a significant milestone in public safety and emergency services >[...]