Simple Flying
Steven Walker
13 May 2024
The US has strengthened its commitment to support the country's aviation industry by allocating almost $20 billion for airport infrastructure projects as part of its ongoing Airport Improvement Program (AIP). The bill reauthorizes the Federal Aviation Administration (FAA) for a further five years with a budget of $105 billion.
The funding includes $19.7 billion set aside for the Airport Improvement Program, made up of $3.4 billion for the remainder of the 2024 fiscal year, followed by $4 billion per fiscal year thereafter, through to 2028. The bill was passed by the US Senate last week and will now be reviewed by the US House of Representatives. If approved, President Biden will sign it into law shortly after...
[Read more: US Airport Construction Boom: Senate Allots $20 Billion for New Development (simpleflying.com)]