Finding your place in today s economy
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Economic Development at Small Regional and GA Airports. Finding Your Place In Today’s Economy. Mike Hainsey, A.A.E. Executive Director Golden Triangle Regional Airport (GTR) Columbus, Mississippi. *. Economic Survival. THE MESSAGE Airports are economic engines

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Finding Your Place In Today’s Economy

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Finding your place in today s economy

Economic Development at Small Regional and GA Airports

Finding Your Place In Today’s Economy

Mike Hainsey, A.A.E.

Executive Director

Golden Triangle Regional Airport (GTR)

Columbus, Mississippi

*


Economic survival

Economic Survival

  • THE MESSAGE

    • Airports are economic engines

    • Communities need a viable airport to grow

    • Smaller airports may need non-traditional means to survive

*


The landscape has changed

The Landscape Has Changed

  • Airlines cut service

  • Fuel prices

  • Air travel drops double-digits

  • The result: Airport revenues go down

Southwest sticks with plan to cut capacity by 4% in 2009

USA Today

Fewer flights, higher fares

As the cost of jet fuel rises, 6 leading airlines cut capacity.

American Airlines' parent AMR to cut 6,500 or more jobs

2009 Passenger Boardings

Jackson-12.4%

Gulfport-34.9%

Tupelo-33.8%

Greenville -38.9%

Delta Cuts Flights 20%--cuts workforce by 75K


Finding your place in today s economy

Taking A Success Story & Building On It

Golden Triangle Regional Airport

Year: 1999

Jobs: 57 total

*


Finding your place in today s economy

Taking A Success Story & Building On It

  • American Eurocopter (EADS NA)

    • Makes helicopter for civilian and military use

    • 400 jobs @ $55K

    • 300,000 sq ft


Taking a success story building on it

Taking A Success Story & Building On It

Severstal Columbus

  • Russian steel “mini-mill”

  • $1.6 billion facility

  • 650 direct jobs

    • Numerous spinoffs

  • Rolled steel for commercial and auto use


Taking a success story building on it1

Taking A Success Story & Building On It

Aurora Flight Science

  • UAV manufacturer

  • 80,000 sq ft facility

  • 300 high tech jobs


Taking a success story building on it2

Taking A Success Story & Building On It

PACCAR

  • Parent company for Peterbilt and Kenworth trucks

  • Making Dutch diesel engine

  • $500 million facility

  • 850 high-paying jobs


Taking a success story building on it3

Taking A Success Story & Building On It

Stark Aerospace

  • Subsidiary of Israel Aerospace

  • Makes UAVs and other defense products

  • 200 high-tech jobs--$55K+

  • 110,000 sq ft


Taking a success story building on it4

Am. Eurocopter

PACCAR

Steel Mill

Aurora

Stark Aerospace

Taking A Success Story & Building On It

Golden Triangle Regional Airport

Year: 2009

Total New Jobs: 2750

Economic Investment: $3 billion+


Other factors

Other Factors

  • Columbus AF Base

    • 12 Air Miles from GTR

    • Busiest AF Base in the world

    • Airport business

      • Control tower

      • Fuel

      • O & M costs

      • State-funded second ILS (BRAC initiative)

*


The future

The Future

  • GTRA has become a hub for Economic Development

    • Airports must take an active role in Community Development

    • Part of a team

    • Normally the only expert in aviation matters

*


The future1

The Future

  • Air Service

    • Regional airports hit hard

    • One major deal does not mean new service!

    • Economics of regional service

      • International travel a plus


How to

How To?

  • Find your niche!

  • Use team approach

    • Local leaders

    • State agencies

    • Congressional delegation

  • Think regional!


How to1

How To?

  • Find your partners

    • Universities

    • Convention/Visitor Bureau

      • Quality of Life

    • Aviation agencies

      • FAA

      • State DOT

      • State airports assn


Summary

Am. Eurocopter

Steel Mill

Summary

  • Airports are economic engines

  • Aviation sector is a challenge financially

    • Smaller airports hit hardest

  • Airports must diversify to survive

  • Find your niche and develop it!

PACCAR

Aurora

Stark Aerospace

*


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