Signatory carriers make a major investment determined by which entity?

• A. Airports Owner (AO)
• B. Federal Aviation Administration
• C. The concessionaire
• D. The airline alliance

Answer: (A)

Major capital investments in airport facilities are driven by the airport owner. The owner has the authority to approve and fund the airport’s long-term capital plan, since they own the assets and control the financing for major projects like terminal expansions or new gates. Signatory carriers participate through use agreements and can influence planning, but they don’t unilaterally decide on large investments. The FAA sets safety and regulatory standards, not funding or project approval. The concessionaire handles specific operations like concessions and may propose improvements, but final decisions on major investments come from the airport owner. Airline alliances are networks for cooperation, not investment decision-makers.