FAA Provides $8 Billion in Airport Rescue Grants

FAA Provides $8 Billion in Airport Rescue Grants

  • Funding from President Biden’s American Rescue Plan

The U.S. Department of Transportation’s Federal Aviation Administration (FAA) will award $8 billion in grants to keep U.S. airport workers employed, construction projects going and help U.S. airports recover from the impacts of the COVID-19 pandemic. The funding for the grants comes from the American Rescue Plan Act of 2021 President Biden signed into law on March 11, 2021.

U.S. Transportation Secretary, Pete Buttigieg, said:

“The Airport Rescue Grants keep workers employed and help the aviation sector recover as more Americans get vaccinated and begin traveling again. These grants are part of the Administration’s commitment to build back a better and safer transportation system throughout our country.”

 

The funding provides economic relief to eligible commercial service, reliever, and general aviation airports. The money will help keep people safe and employed by reimbursing operational expenses, debt service payments, and costs related to combating the spread of pathogens at the airport. Airports can also use the money to provide rent relief to in-terminal retail and concession companies. The funding requires that airports continue to employ at least 90 percent of their pre-pandemic employees for those airports that cover a majority of the traveling public.

airport rescue grants

Pictured: Seattle-Tacoma International.
FAA Administrator, Steve Dickson, said:

“The FAA is committed to working with the aviation industry as it recovers from the impacts of the pandemic. These airport rescue grants provide needed support to our nation’s airports as we recover from the pandemic’s impacts.”

 

Under the Airport Rescue Grants program:

  • Primary commercial service airports will share approximately $6.5 billion based on the number of annual boardings.
  • An additional $800 million will be available to primary commercial service airports for providing relief to in-terminal airport concessions from rent and minimum annual guarantees including $640 million for relief to small concessions and $160 million for relief to large airport concessions.
  • Non-primary commercial service and general aviation airports will share $100 million based on their airport categories, such as national, regional, local, and basic.
  • The remaining funds of the $8 billion will be used to cover an airport’s cost-share portion on grants through the FAA’s Airport Improvement Program as well as the supplemental discretionary grants. This means airports will likely not have to pay their portion of a given project.

Among the hundreds of airports receiving funding today include:

  • Philadelphia International: $115 million
  • Yeager Airport, Charlestown, W.Va.: $3.2 million
  • Ted Stevens Anchorage International: $44.4 million
  • Gulfport-Biloxi International: $4.9 million
  • St. Louis Lambert International: $56.2 million
  • Portland International Jetport, Portland, Maine: $10.4 million
  • Daniel K Inouye International: $74.3 million
  • Raleigh-Durham International: $50.6 million
  • Seattle-Tacoma International: $175.7 million
  • Portland International: $72 million

For additional program information and the amount of funding each airport is eligible for, please visit the FAA’s website.

This article was originally published by the U.S. Department of Transportation / Federal Aviation Administration.

Get your news featured on Airport Industry-News

Please fill in the contact form opposite. A member of the team will be in touch shortly.






    We'd love to send you the latest news and information from the world of Airport Industry-News. Please tick the box if you agree to receive them.

    For your peace of mind here is a link to our Privacy Policy.

    By submitting this form, you consent to allow Airport Industry-News to store and process this information.

    Subscribe
    Follow Airport Industry-News on LinkedIn
    Follow Airport Industry-News on Twitter