Air Commerce Act of 1926 - Created a new Aeronautics Branch known as the CAA (the precursor of the FAA) Function of the Civil Aeronautics Board (CAB) - Make safety rules and economic regulation of the airlines Deregulation of the airlines created this airline design - Hub and spoke system What act created the FAA? - Federal Aviation Act (FAA) What act created the TSA? - Transportation Safety Act (TSA) Airport and Airway Development Act of 1970 - Created gov't subsidies programs to expand the list of eligible projects for Federal Funding Growth of the FAAP to the AIP - Will be discussed later Future challenges facing the industry - 1. UAVs 2. Commercial Space 3. Cybersecurity Big dog of a Commercial Service Airport? - Airlines