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Embry Riddle Aeronautical University Air Florida Flight 90 Crash Discussion

Embry Riddle Aeronautical University Air Florida Flight 90 Crash Discussion

Description

Q.What is the main purpose of a budget?  

Q.What are the two different types of budgets an airport uses and what are the main differences between the two?

Q.What is the difference between Operating and Non Operating Revenues and Expenses?

Q.What type of items would you likely find in a Capital Budget?

Q.What are important elements to consider when setting airport Rates and Charges?

Q.RSW Rates and Charges are listed here : https://www.flylcpa.com/uploads/pagesfiles/3053.pd…

A. Find another similar sized airport (passenger # or budget $) and compare the rates and charges (give different 5 items of comparison)

B. Are there noticeable differences?

Q. Why aren’t rates and charges the same at every airport?

Q. Why are strong leases and rental agreements important to have in place?

Q. Give an example of “Right of First Refusal”.

Q. Name five common lease elements (pg 48-55) that were new to you and explain them.

Q. Review the two different rate-setting philosophies and list the pros/cons of each type.

Q. Explain the CPE (cost per enplanement or enplaned passenger)

Q. Find two examples of CPE and report the data (likely from FAA Form 127).

Q. What is liability?

Q. How much hangar keepers insurance should the airport carry?

Q. What is Errors and Omission’s insurance and why should an airport carry such a policy?

Q. According to the Austin Bergstrom International Airport Master Plan’s Capital Improvement Plan (CIP) found here https://www.austintexas.gov/department/aus-master-… (Chapter 8)

A. Explain what the main reason(s) are to develop an airport CIP (implementation plan), and

B. Describe the “phases” of construction and the anticipated costs of each phase

C. How much money is anticipated that ABIA will need to expend for their who plan? 

Q. In reviewing the ABIA Environmental Action Plan (Chapter 8), is it anticipated that any project would require an Environmental Impact Statement (EIS)?