U.S. airports, already under financial stress due to declining passenger air travel, are grappling with another worry: how to fund new security measures that could tally up to $5 billion. That’s what it could cost airports for capital improvements involving security that aren’t currently being paid for by the federal government, said Steve Van Beek, senior vice president of the Airports Council International, North America. New federal requirements that were mandatory by the beginning of this year called for all luggage to be screened at the nation’s 429 commercial airports. Full Story
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