Not according to the FAA. Phase 1 requires letters of intent for lease or purchase of aircraft & facilities. For Phase 3 you do need an aircraft to perform the mini-evacuation demo. Terminal space or facilities are never inspected or evaluated at any point in the certification process. http://fsims.faa.gov/wdocs/8900.1/v10%20air%20trans%20over%20sys/chapter%2006/10_006_002.htm
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.