AAAE Blank Slate Questions+ - Module 1 - Set 3
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Questions and Answers

What type of lease requires a periodic valuation of the property to set new rates?

  • Straight lease
  • Graduated lease
  • Revaluation lease (correct)
  • Percentage lease

    • In which approach to leasing space does the airport operator take the most risk?

  • When the airport operator directly markets and leases concession space (correct)
  • When engaging with a paster lessee, which then markets and leases the space
  • When engaging the services of a development company to market and lease space
  • When engaging the services of a property management company

    • Which entity is required to provide a variety of services to the airport in exchange for the right to sell fuel?

  • Flight Schools
  • Air Carriers
  • Charter Operators
  • Fixed-Base Operators (correct)

    • According to the FAA, what is the primary purpose of the Aeronautical Use Agreement?

    <p>Grant operating rights to the airlines</p> Signup and view all the answers

    Which entity has the responsibility to lease space at the airport and commit to long-term financial support and development of the airport?

    <p>Signatory air carriers</p> Signup and view all the answers

    What document is used to update the Airport Improvement Program Handbook?

    <p>Program Guidance Letter</p> Signup and view all the answers

    Which type of Airport Improvement Program money is disbursed based on a formula, determined by your enplanements, operations and cargo?

    <p>Entitlements</p> Signup and view all the answers

    Which item(s) are typically not eligible for Airport Improvement Program funding?

    <p>A vehicle parking garage</p> Signup and view all the answers

    A Large or Medium Hub airport that collects $4.50 in Passenger Facility Charges, has its Airport Improvement Program passenger Entitlements reduced by ___.

    <p>75%</p> Signup and view all the answers

    What types of bonds require voter approval and are closely associated with being issued by States or Municipalities?

    <p>General Obligation Bond</p> Signup and view all the answers

    What are the characteristics of the Industrial Development Bond?

    <p>It is tax exempt and includes a capital investment in the airport</p> Signup and view all the answers

    What is the minimum number of enplanements and airport must receive to qualify as a PRIMARY commercial service airport?

    <p>10,000</p> Signup and view all the answers

    What is the minimum share of total U.S. enplanements your airport must receive to qualify as medium hub?

    <p>0.25%</p> Signup and view all the answers

    What is the minimum share of total U.S. enplanements your airport must receive to qualify as large hub?

    <p>1.00%</p> Signup and view all the answers

    What is the minimum share of total U.S. enplanements your airport must receive to qualify as small hub?

    <p>0.05%</p> Signup and view all the answers

    Visual Meteorological Conditions (VMC) under Visual Flight Rules (VFR) require the cloud ceiling at what height above ground level?

    <p>1,000 ft</p> Signup and view all the answers

    This type of Airport Sponsor structure often owns and operates the airport directly as either a department or division of the city or county.

    <p>Municipality</p> Signup and view all the answers

    This type of Airport Sponsor structure is created through enabling legislation from one or more municipalities, in effect, creating another branch of local government.

    <p>Airport Authority</p> Signup and view all the answers

    What is an advantage of a Municipality Airport Sponsor Structure?

    <p>Receives resources may exceed what the airport’s administration could justify</p> Signup and view all the answers

    Which grant assurances tells the FAA if your airport is spending airport revenue only for airport purposes?

    <p>#25 Airport Revenue</p> Signup and view all the answers

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