Finance Committee News

 

ACI-NA Files Comments with FAA on PFC Program and Related Financing Rules
July 2007 

Since its inception in 1990, Passenger Facility Charges (PFCs) have become the foundation of airport capital investment. These days, airports need to build more to meet the needs of nearly a billion passengers who are estimated to use the airports by 2015. Raising the PFC ceiling, as well as giving airports more freedom to manage their own PFC programs to meet individual airport needs, is one ACI-NA’s top priorities during the FAA reauthorization process. The Status of PFCs in FAA Reauthorization presentation provides a summary of the legislative proposals released by the Administration, Senate and House of Representatives as they relate to PFCs.

Contact A.J. Muldoon (amuldoon@aci-na.org) for more information.

 

Committee Reviews Surveys, Proposes Changes to FAA Form 5100-127 

2006 -- The Finance Committee reviewed the Operating and Financial Summary FAA Form 5100-127, the ACI-NA Macro survey, and Airport Initiative in Measurement Airport Performance Benchmarking survey. A Benchmarking Task Force was established to consolidate all industry benchmarking efforts and to come up with recommendations to enhance the ACI-NA Airport Performance Benchmarking Program. The Task Force then presented its recommendations to a larger working group, the full Finance Committee and the Economics Committee at the ACI-NA Reno Annual Conference, where unanimous approval was attained.

 

A letter was sent to the FAA in April 2006 informing them of the proposed change in airport financial reporting. The subcommittee leadership secured the support of 85% of the large and medium hub airports when the letter was sent out. A meeting was held with FAA to discuss the potential changes. Given the statutory constraints, the committee is now only recommending FAA to incorporate 6 key measurements in the mandatory Form 127. FAA will be meeting with the White House Office of Management and Budget to determine how to proceed with the minor revisions.

 

Please send your comments on the proposed FAA Form 5100-127 to Liying Gu (lgu@aci-na.org) or by phone at: 202-861-8084.

 

Also See: