What is the FAA's position on airport fees and rental structures for non-aeronautical services?

The Federal Aviation Administration (FAA) emphasizes that fees and rental structures for non-aeronautical services at airports should be set at Fair Market Value. This principle ensures that airport operators are charging rates that are consistent with prevailing market conditions, which promotes fairness and transparency in how airports operate.

Setting fees at Fair Market Value helps to ensure that airports can generate adequate revenue while maintaining competitiveness in the market. It also aligns with the FAA's broader objectives of promoting the financial viability of airports while safeguarding the interests of the public and ensuring that airport services are accessible. This approach encourages efficient use of airport facilities and ensures that the revenue generated supports the overall operation and improvement of the airport.

The other options do not fully align with the FAA's guidelines. For instance, setting rates arbitrarily by airport operators might lead to inconsistencies and potential regulatory issues, while minimizing fees could undermine the airports' ability to maintain and improve infrastructure. Predetermining fees by the government would not reflect local market conditions and could stifle competition and innovation. Thus, Fair Market Value is the most suitable and recommended method for establishing airport fees and rental structures for non-aeronautical services.