Airport and Airway Capacity Expansion Act of 1987

[AI summary unavailable — showing source text] Airport and Airway Capacity Expansion Act of 1987 - Amends the Airport and Airway Improvement Act of 1982 to direct the Secretary of Transportation and the Secretary of Defense to report to the Congress the results of their jointly conducted review regarding the need and utilization of special use airspace in order to determine its impact on civil aviation operations. Specifies the aggregate amounts which shall be available to the Secretary of Transportation for making grants for FY 1988 through 1990 for airport noise compatibility. Extends from September 30, 1987, to September 30, 1990, the period in which the Secretary may incur obligations to make such grants. Authorizes appropriations from the Airport and Airway Trust Fund to liquidate obligations for certain noise abatement projects. Authorizes appropriations for the airway improvement program for FY 1988 through 1990. Sets forth apportionment guidelines for primary airports for FY 1988 through 1990. Increases the apportionments which the Secretary may make to a primary airport sponsor for any fiscal year. Reduces from 50 percent to 38 percent the ratio which such apportionments bear to the amounts authorized for obligation fo…