AAAE Blank Slate Questions+ - Module 1

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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?

Grant operating rights to the airlines 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?

Signatory air carriers Signup and view all the answers

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

Program Guidance Letter 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?

Entitlements Signup and view all the answers

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

A vehicle parking garage 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 ___.

75% Signup and view all the answers

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

General Obligation Bond Signup and view all the answers

What are the characteristics of the Industrial Development Bond?

It is tax exempt and includes a capital investment in the airport 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?

10,000 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?

0.25% 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?

1.00% 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?

0.05% 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?

1,000 ft 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.

Municipality 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.

Airport Authority Signup and view all the answers

What is an advantage of a Municipality Airport Sponsor Structure?

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

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

#25 Airport Revenue Signup and view all the answers

AAAE Blank Slate Questions+ - Module 1 - Set 3

Podcast Beta

Questions and Answers

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

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

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

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

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

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

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

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

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

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

What are the characteristics of the Industrial Development Bond?

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

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

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

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

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

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

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

What is an advantage of a Municipality Airport Sponsor Structure?

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

More Quizzes Like This

Property Valuation & Investment Analysis Quiz

Introduction to Property Valuation Module 8.6 and 8.7

Property Valuation Process and Utility Concept

Property Valuation Types

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AAAE Blank Slate Questions+ - Module 1 - Set 3

Podcast Beta

Questions and Answers

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

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

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

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

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

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

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

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

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

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

What are the characteristics of the Industrial Development Bond?

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

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

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

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

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

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

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

What is an advantage of a Municipality Airport Sponsor Structure?

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

More Quizzes Like This

Property Valuation &amp; Investment Analysis Quiz

Introduction to Property Valuation Module 8.6 and 8.7

Property Valuation Process and Utility Concept

Property Valuation Types

Property Valuation & Investment Analysis Quiz