Larger airports large and medium hubs obtained more than half of their capital development funding from airport generated net income while smaller airports small and non hubs and general aviation airports relied on aip grants for 69 percent of their funding. Airport development needs and financing options i introduction the national civil aviation review commission ncarc is encouraged by its enacting legislation to consider airport infrastructure needs for large medium and small airports and to provide recommendations on funding alternatives for airport capacity development in examining the issues associated with airport capital financing . Airport capital development funding sources and issues 14000 editors alana martell book description roughly 3300 of the public use airports across the united states have been determined by the federal aviation administration faa to be significant to national air transportation these airports form a national airport system intended to provide convenient access to air transportation . Is one of five major sources of airport capital development funding the other sources are tax exempt bonds passenger facility charges pfcs a local tax levied on each boarding passenger state and local grants and airport operating revenue different airports use different combinations of these sources depending on the individual airports financial situation and the type of project . Recommendation to help smaller airports fund some of the cost of their capital development but to avoid undermining the level of federal support for larger airports the secretary of transportation should seek authority from congress to use airport improvement program grants to capitalize state revolving funds in those circumstances where
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