Women in Aviation Advisory Board Act This bill establishes a Federal Advisory Committee on Women in Aviation. The committee must advise the Department of Transportation and the Federal Aviation Administration on matters related to the education, training, mentorship, outreach, recruitment, and retention of women in the aviation industry. Membership in the committee must include representatives from aviation-related manufacturers, commercial air carriers, general aviation operators, unmanned aircraft systems operators, airports, aviation training and maintenance providers, labor organizations, educational institutions, and nonprofit organizations within the aviation industry.