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Airports, Concessionaires Should Cooperate On New Terms, FAA Official Says

Airports, Concessionaires Should Cooperate On New Terms, FAA Official Says

…& Retail Association (ARRA) and the Airport Minority Advisory Council (AMAC), FAA Associate Administrator for Airports Kirk Shaffer said the U.S. Congress clearly intended airports to work with stakeholders to jointly navigate recovery. The federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act), provided roughly $10 billion in relief…

Some Small Airports Receive Outsized CARES Act Payments

Some Small Airports Receive Outsized CARES Act Payments

…not require a local match for grants issued in 2020, and in future years as long as CARES matching funds remain. After that, multi-year grands will revert to the normal sponsor share, typically that’s 75 percent from AIP and 25 percent from other sources. But with the CARES Act providing…

Directors Map Way Forward In ARRA/AMAC Call

Directors Map Way Forward In ARRA/AMAC Call

…we got our board’s approval, first of all to accept CARES Act money and secondly to provide rent relief. We are in the process of rolling that out to all of our tenants. We intend to provide rent relief for a three months period.” Addressing Concessionaire Challenges Sacramento is one…

U.S. Travel: Coronavirus Impact 9x Worse Than 9/11

U.S. Travel: Coronavirus Impact 9x Worse Than 9/11

…group estimated, a decline of 45 percent for the year. The estimate includes an 81 percent drop in revenue over the next two months. “The CARES Act was a good start, but the data shows there is still extreme and mounting pain in the American travel industry,” said U.S. Travel…

GOAA Approves MCO Payment Deferrals

GOAA Approves MCO Payment Deferrals

…and it’s going to have to continue to be reviewed in order to make the best decision. This is just the first step in trying to provide some relief as we move forward.” MCO received $170 million from the U.S. Department of Transportation as part of the CARES Act Airport…