AAAE AAE Oral Interview Prep - Section 1 Finance and Administration
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Part 1 & 2 Exam with accurate detailed answers
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Aeronautical vs. Non-Aeronautical Revenue - ✔✔1. Aero - revenues related directly &
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substantially to the movement of passengers, baggage, mail, and cargo at an airport.
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1a. Includes landing fees, land leases, terminal & hangar rents, tie-down rents, fuel tax, and
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fuel sales. ||
2. Non-aeronautical revenue includes concessions sales, parking, rental car ops, catering
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facilities, reservations centers, land rent. || || || ||
AAAE - ✔✔American Association of Airport Executives - created in Sept 1928, world's largest
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professional organization for Airport Executives. Nearly 5,000 individual members, including
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3,000 airport professionals || ||
ACI - ✔✔Airports Council International (ACI) and Airports Council International-North
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America (ACI-NA) - founded in 1991 by airport executives around the world to represent
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common interests and to promote cooperation with associates in the air transport industry.
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5 world chapters.
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What industry groups represent airports? - ✔✔1. AAAE and ACI.
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2. AAAE is more of an individual membership meant to help the individual airport executive.
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3. ACI is an airport membership supporting the airport as a whole.
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4. Can use them to get certifications or go to events and learn.
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Rate Escalation in Leases - ✔✔1. Typically, CPI (Consumer Price Index) is used to guide rate
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escalations.
2. Can also be the "lesser of a percentage" meaning xx% or CPI, whichever is lesser
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, 2
ACI Committees - ✔✔1. Air Cargo
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2. Air Service Development
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3. Business Diversity
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4. Business IT
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5. Commercial Management
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6. Commissioners
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7. Environmental Affairs
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8. Facilitation
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9. Finance
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10. HR ||
11. Large Hub
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12. Legal Affairs
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13. Marketing/Communications/Customer Experience
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14. Medium Hub
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15. Ops|| ||
16. Planning, Safety, Infrastructure, & Development
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17. Public Safety/Security
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18. Risk Management
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19. Small Airports
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20. U.S. International Air Service Program
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21. Young Professional Committee.
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AAAE Committees - ✔✔1. Academic Relations
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2. Air Service
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3. Corporate
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4. DEI
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