In late March, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act. The bill included $10 billion in funds for airports across the country to respond to the crisis created because of COVID-19. While some of these dollars go toward funding the Airport Improvement Program (AIP) grants at 100% other funds are allowed to be used “for any purpose for which airport funds may be lawfully used.”
The FAA encourages airport sponsors to spend the grant funds immediately to help minimize any adverse impact from the current public health emergency. We have one big idea to help you spend those grant funds AND improve your revenue: a self-service fuel station.
Self-serve fuel stations provide easy access to fuel for pilots who fly when FBOs are more likely to be closed such as nights and weekends. These stations also decrease personnel and fuel vehicle costs and reduce fuel theft. Our self-service fuel stations can be monitored 24/7 using hand-held devices.
One of the objections given most by FBOs when discussing self-service fuel stations is the cost and lack of funding options. AIP funds typically exclude revenue-generating projects such as hangers and fuel stations, but it appears the additional CARES Act funds may be used for these projects. And if airports need anything right now it’s more revenue-generating projects.
The FAA says airport sponsors should work with their local Office of Airports field office to complete a grant application.
Our team is ready to help you create your project and assist with your grant application as needed. Call us at 662-512-0219 to discuss your project and how we can help you take advantage of these grants and improve your airport’s revenue.