Funding Industrial Aviation

The focus of this report is on how airports fund the infrastructure to support industrial aviation development. For this report, industrial aviation development includes but is not limited to: aircraft maintenance, repair, and overhaul; specialized aviation services by single service operators; aircraft manufacturing and assembly; aircraft fabrication and development; aviation warehousing: cold ports; spaceports; and unmanned aerial systems platform development. Information used in this study was acquired through literature review, survey results from 53 airports, and interviews of a subset of experts on funding mechanisms for industrial aviation. The findings show that industrial aviation infrastructure development uses a diverse set of funding mechanisms and benefits from a team approach. Funding sources are frequently combined. Airports that have funded industrial aviation infrastructure projects have used the following tools for collaborative success: development of project goals and objectives; documentation of current business and aviation activities and forecasts of benefits from additional industrial aviation infrastructure; an updated airport layout plan that reflects desired development, including infrastructure needs; development of an all-star team from each funding entity; well-established working relationships with state aviation, economic development, and Federal Aviation Administration staff; effective working relationships between the airport and jurisdictional partners to ensure mutual understanding of all the options, responsibilities, challenges, and opportunities of funding mechanisms and development schemes; understanding of the needs of secured funding partners; long-term marketing and communication plans for the duration of the project; marketing; flexibility and patience; and detailed recordkeeping. Airports that are undertaking industrial aviation development can find many diverse funding sources and strategies through outreach to other airports in similar situations and with similar goals. Additional research describing specific industrial aviation developments and their funding mechanisms can provide a road map with indicators of duration, hurdles, and multiple issues that need to be factored into funding for industrial aviation infrastructure.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Appendices; Figures; Glossary; References; Tables;
  • Pagination: 54p
  • Serial:
  • Publication flags:

    Open Access (libre)

Subject/Index Terms

Filing Info

  • Accession Number: 01643718
  • Record Type: Publication
  • ISBN: 9780309389990
  • Report/Paper Numbers: Project A11-03, Topic S01-14
  • Files: TRIS, TRB, ATRI
  • Created Date: Aug 16 2017 3:16PM