FAA temporary extension clears way for long-term funding

Another temporary reauthorisation for the US Federal Aviation Authority has come and gone, with US politicians managing to avoid a second partial shut-down of the agency by less that 24 hours. The FAA now has Congressional funding authority to the end of Jan-2012, four months in which it is hoped that the Republican-controlled Senate and the Democrat-controlled House of Representatives can put aside their differences, come to the negotiating table and finally agree on a long-term funding bill for the agency. [1459 words]

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This report contains the following subheadings:

• Time for proper reauthorisation and a new FAA funding model
• The Trust Fund baby

This report contains the following charts and tables:

• Airport and Airway Trust Fund break-down (as of 01-Jan-2011)
• Airport and Airway Trust Fund receipts: FY2000 to FY2010
• US airline fee revenue by quarter: 1Q2008 to 1Q2011