Manufacturing Industry
New passenger charge to boost funding for airport projects. (passenger facility charge)
Building Design & Construction, September, 1992
Additional funds are expected to help increase U.S. airport capital improvements beyond the current $6 billion annual level In an era of cash-strapped airlines and public agencies, passengers at a number of airports have begun paying a new charge to help finance airport construction projects. Five airports began levying a passenger facility charge (PFC) in June and 23 were scheduled to be collecting one by Sept. 1.
Upon approval by the Federal Aviation Administration, an airport may assess a maximum charge of $3 per departure and arrival. As of late July, FAA had authorized the collection of PFCs totaling $3.7 billion at 31 airports, and 33 applications totaling $9.3 billion were pending.
PFC funds differ from the current 10 percent federal tax...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
