The Flight and Airport-Airspace Monitor (FAAM) will provide airline dispatchers and airline operations center managers with a tool to estimate the current and future safety margin of a terminal airspace and flights operating in that airspace. Our concept divides the safety monitoring architecture into two components: an Airspace/Airport Monitoring component, and a Flight Monitoring system. The Airspace Monitor combines data on weather, infrastructure state, traffic density, and aircraft positions and planned trajectories with predictive analytics on aircraft separations to infer the risk state of the airspace. The Flight Monitor uses airline and aircraft-based data to evaluate potential aircraft risks from equipment state and certification, and the potential for pilot fatigue based on elapsed crew duty time and time of day. Our architecture can readily add real-time crew monitoring in future instantiations.