NAR Supports FAA OEI Amendment
On Thursday, Feb. 11, NAR, the CCIM Institute and IREM joined a coalition letter with other Commercial Real Estate industry groups to the House Transportation and Infrastructure Committee in support of an amendment to the Aviation Innovation, Reform and Reauthorization (AIRR) Act of 2016. The bipartisan amendment, sponsored by Representatives Steve Cohen (D-TN) and John Duncan (R-TN), would require the FAA to follow notice and comment procedures before making changes to its “One Engine Inoperative” (OEI) standards for navigable airspace. Current OEI procedures at each airport are set by individual airlines, based on proprietary information about each aircraft. These are set paths that planes are to follow if one of their engines becomes inoperative during takeoff or landing. The FAA has a proposed program which would instead set a single OEI path at each airport, which could impact development in areas around airports. NAR, in coalition with other real estate industry groups, is asking that the FAA follow the full notice-and-comment rulemaking procedures before making any such changes, and that the OMB conduct a cost-benefit analysis of the changes.