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Airports

FAA reauthorisation guarantees funding until 2023

10 October 2018

US President Donald Trump signed the FAA Reauthorization Act of 2018 into law on 5 October, marking the first long-term reauthorisation of the Federal Aviation Administration since 2012.

The agency had been operating under interim and short-term funding extensions for some time, but reauthorisation ensures FAA funding for the next five years.

Airport Improvement Program (AIP) funding remains unchanged at USD3.35 billion per year. While a five-year AIP funding stream gives welcome certainty, the lack of any increase disappointed airport managers.

Reauthorisation provides no FAA funding for a corporatised air traffic organisation and it does not allocate extra funds for US airports to use on capital improvement projects; but it does include law changes that will affect airports.

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