Are You on a Waitlist at the Gaylord National Hotel?
Your wait is over... We have secured more sleeping rooms for the night of April 3.
Make your room reservation now for the 55th annual AEA International Convention and Trade Show before they are gone!
Special rate deadline is March 1 - one week from TODAY!
U.S. Airport and Airway Trust Fund Update
Created by the Airport and Airway Revenue Act of 1970, the Airport and Airway Trust Fund provides funding for capital improvements to the U.S. airport and airways system. Its revenues are derived from aviation-related excise taxes on passengers, cargo and fuel, providing the majority of funding for the Federal Aviation Administration.
The AEA, along with nearly all general aviation associations and groups, strongly support the AATF to fund the nation's aviation system. An alternative method proposed by the airlines and some industry groups is funded through a user-fee scheme. The AEA opposes this method.
Click here for a complete summary of facts about the AATF.
At the beginning of the 2011 fiscal year, the Trust Fund had a cash balance of $9.4 billion. The Treasury Department's Bureau of the Public Debt prepares monthly income statements on Trust Fund revenues; these statements reflect monthly allocations of estimated excise tax payments to the Trust Fund.
Click here for updates on the income, activity and balances of the Trust Fund.