What does AERA mean in
AERA is an acronym for the Airport Economic Regulatory Act of 1994. It is a United States federal law that regulates the economic aspects of the nation's airports.
AERA meaning in in Governmental
AERA mostly used in an acronym in Category Governmental that means Airport Economic Regulatory Act
Shorthand: AERA,
Full Form: Airport Economic Regulatory Act
For more information of "Airport Economic Regulatory Act", see the section below.
» Governmental »
Definition
The AERA establishes a framework for the economic regulation of commercial airports. It aims to promote competition, protect consumers, and ensure the efficient use of airport resources.
Key Provisions
- Airport Fees: AERA empowers the Federal Aviation Administration (FAA) to regulate the fees and charges that airports can impose on airlines and passengers.
- Airport Ownership: AERA allows for the privatization of airports. However, it requires that airports remain under public ownership or control.
- Air Carrier Regulation: AERA provides the FAA with the authority to regulate air carriers that operate at commercial airports.
- Airport Improvement Program: AERA established the Airport Improvement Program (AIP), which provides federal funding for airport construction and expansion projects.
Implementation
AERA is implemented by the FAA through regulations and guidelines. The FAA works with airports, airlines, and other stakeholders to ensure compliance with the law.
Benefits
- Increased Competition: AERA has fostered competition among airports, leading to lower fees and improved services.
- Consumer Protection: AERA protects consumers from excessive fees and ensures that airports are operated in a fair and competitive manner.
- Efficient Resource Allocation: AERA promotes the efficient use of airport resources, ensuring that airports are utilized optimally.
Essential Questions and Answers on Airport Economic Regulatory Act in "GOVERNMENTAL»ECONOMY"
What is the Airport Economic Regulatory Act (AERA)?
The Airport Economic Regulatory Act (AERA) is a federal law that regulates the economic aspects of commercial airports in the United States. AERA was enacted in 1990 to promote competition and efficiency in the airport industry.
What are the key provisions of AERA?
The key provisions of AERA include:
- Prohibiting discrimination by airports against airlines
- Establishing a process for resolving disputes between airports and airlines
- Authorizing the Federal Aviation Administration (FAA) to review and approve airport rates and charges
- Requiring airports to provide certain services and facilities to airlines
- Limiting the ability of airports to engage in certain non-aviation activities
How does AERA promote competition in the airport industry?
AERA promotes competition in the airport industry by:
- Prohibiting discrimination by airports against airlines, which allows airlines to compete on a level playing field
- Establishing a process for resolving disputes between airports and airlines, which helps to prevent disputes from escalating and harming competition
- Authorizing the FAA to review and approve airport rates and charges, which helps to ensure that rates and charges are reasonable and non-discriminatory
How does AERA protect consumers?
AERA protects consumers by:
- Requiring airports to provide certain services and facilities to airlines, which helps to ensure that consumers have access to a variety of travel options
- Limiting the ability of airports to engage in certain non-aviation activities, which helps to prevent airports from using their monopoly power to harm consumers
Final Words: The AERA has been instrumental in shaping the economic landscape of the U.S. airport industry. It has created a framework for fair competition, consumer protection, and efficient resource allocation, benefiting both the industry and the traveling public.
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