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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
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

slide4
Taking A Success Story & Building On It

Golden Triangle Regional Airport

Year: 1999

Jobs: 57 total

*

slide5
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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