The public comment period regarding a proposed landing fee rate hike at Teterboro Airport (KTEB) closes today. According to airport manager Renee Spann, the increases are necessary so "revenues more closely align with capital and operating costs."
Scheduled to take effect on September 1, the new fee schedule will hike costs for aircraft weighing less than 6,000 pounds to $21.25 from $17; aircraft weighing between 6,000 and 12,499 pounds will incur a fee of $31.25, up from $25. For aircraft weighing between 12,500 pounds and 79,999 pounds, fees will rise from $3.50 to $4.38 per 1,000 pounds, and for those exceeding 80,000 pounds they will jump from $6.50 to $8.15 per 1,000 pounds.
According to FAA statistics, KTEB is by far the busiest airport in the country in terms of business jet operations, logging nearly 137,000 from July 2015 through June 2016. The landing fee increases would be the first at the New Jersey general aviation-exclusive airport since 2009. Comments can be sent through today to email@example.com.