Legislation I believe that was
critical in shaping the aviation industry is the Airport and Airway Development
act of 1970. This legislation was put in place to provide grants for airport
planning, supervised by the planning grant program (FAA, 2021). The overall
goal of this legislation is promoting development of a system of airports and airways
to meet the U.S. needs (FAA, 2021). The program was funded from several
aviation user taxes on items such as fares air freight, and fuel (FAA, 2021).
While the ability to issue grants under this program is now passed as of September
1981, this legislation allowed for 8809 grants approval totaling 4.5 billion in
support (FAA, 2021).
Photo Credit: Avstop
This legislation helped shape the aviation industry by
providing a major source of airport capital improvement funding (Kaps et al.,
2001). By nature of the aviation business profits and earnings can be unpredictable
but grants and federal funds are often a steady source. When capital is needed
to improve unsafe runway conditions, or to increase security, the Airport and
Airway Development act allows for aid in time of need to help repair. The Airport
and Airway Development act may not be a major game changer, but what it provides
is something almost everyone has needed at some point in their lives, a sense
of stability and a chance to bounce back when times are trying. Specifically addressing
safety concerns of airports, this funding allowed the decision whether expensive
safety improvements was financially the right decision in dire times to never have
to cross airport managers minds.
References
Administration, F.A. (2021). Overview: What is AIP?
Airports. Faa.Gov. https://www.faa.gov/airports/aip/overview/
Airport and Airway Development Act of 1970. (n.d.).
[Photo]. http://avstop.com/history/needregulations/act1970.htm
Kaps, R. W., NewMyer, D. A., Lanman, R. T., & Sigler,
J. (2001). The need for airport funding. Collegiate Aviation Review, 19(1), 71.
https://doi.org/10.22488/okstate.18.100299
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