Strategic Airport Business Plan
This plan outlines the airport’s mission, vision, goals, objectives, and action plans to sustain its mission and realize its vision.
What is a Strategic Airport Business Plan?
These two complementary financial plans forecast long-term capital investments and short-term operating revenues and expenses.
What are the capital and operating budgets?
This plan identifies and prioritizes future infrastructure projects and major investments, often covering 5–20 years.
What is an Airport Capital Improvement Plan (ACIP)?
This detailed graphical plan depicts the current and future layout of airport facilities, runways, and taxiways.
What is an Airport Layout Plan (ALP)?
This element of a Strategic Plan is a concise declaration of the airport’s core purpose and focus.
What is a mission statement?
This type of budget focuses on day-to-day operating revenues and expenses such as staffing, utilities, and maintenance.
What is the operating budget?
This plan serves as a detailed guide for an airport’s growth and development, typically over a 20-year horizon.
What is an Airport Master Plan?
This strategic plan governs land uses within and surrounding the airport to ensure compatibility with operations.
What is an Airport Land Use Plan (ALUP)?
These statements describe the principles and ethical standards guiding airport policy makers and management conduct.
What are values statements?
This type of budget addresses long-term investments such as runways, terminals, and equipment purchases.
What is the capital budget?
This ACIP component provides cost estimates, funding sources, and implementation schedules for proposed projects.
What are key elements of an ACIP?
The ALP includes these diagrams showing property boundaries, runways, taxiways, aprons, and facilities.
What are graphical sheets or drawings?
A Strategic Plan’s goals should be Specific, Measurable, Achievable, Relevant, and Time-bound — a framework known by this acronym.
What is SMART?
Setting aside funds for unplanned emergencies or unforeseen expenses is an example of this budgetary component.
What are emergency funds?
The FAA encourages airports to incorporate sustainability goals into this long-term planning document.
What is a Sustainable Airport Master Plan?
This federal advisory circular provides guidance for land use compatibility planning near airports.
What is FAA AC 150/5190-4B?
These detailed outlines list who, what, when, where, why, and how tasks will be accomplished to achieve objectives.
What are action plans?
The primary purpose of both budgets is to ensure this aspect of the airport’s long-term health and planning.
What is financial stability (or sustainability)?
These forecasts, based on historical and economic data, project future aircraft operations and based aircraft.
What are aviation activity forecasts?
The main purpose of an Airport Land Use Plan is to promote this between airports and surrounding communities.
What is compatible and harmonious coexistence (or compatible land use)?