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APPENDIX II: PRELIMINARY AIRPORT ASSESSMENT <br /> APPENDIX <br /> <br />Airport Strategic Business Plan, 07/26/2021 53 <br />One of General Aviation’s most important roles in the economy of the US is enhancing <br />the profitability and competitive strength of US companies and industries. Companies <br />that take advantage of General Aviation routinely outperform businesses relying solely <br />on the airlines for travel. Studies have shown that, on average, Standard & Poor’s 500 <br />firms that use General Aviation to transport management teams, employees, business <br />partners, and customers increased revenues by a factor of 3.34 more than those that <br />do not utilize General Aviation (NexaAdvisors). This analysis revealed a correlation <br />between firms utilizing General Aviation aircraft and revenues. It did not conclude that <br />the use of General Aviation aircraft increased financial performance. <br />While approximately 3% of General Aviation aircraft are registered to Standard & Poor’s <br />500 firms, the majority of business aircraft are operated by smaller companies. In the <br />Business Aviation Factbook, National Business Aviation Association indicates that 59% <br />of companies operating business aircraft employ fewer than 500 employees and 70% <br />have fewer than 1,000 employees. <br /> Commercial: The commercial aviation segment is a significant economic engine as <br />it represents companies that use General Aviation aircraft for commercial purposes <br />including flight instruction, air taxi (non-scheduled, on-demand), medical <br />transportation (air ambulance), sightseeing, aerial observation (e.g., pipeline/power- <br />line patrol/inspection), aerial application (e.g., agriculture, photography, firefighting, <br />etc.), cargo, and much more. This segment is comprised of more than 42,000 active <br />aircraft. <br />It is estimated that general aviation aircraft used for commercial purposes make up <br />approximately 53% of the 26 million hours flown by General Aviation aircraft each <br />year. The commercial segment of the market is typically value oriented, seeking the <br />best combination of service and price. <br /> Government: The government aviation segment is the smallest segment of General <br />Aviation. There are only approximately 2,000 government aircraft (excluding military <br />aircraft) that are operated by federal, state, county, and municipal government <br />agencies. Government use of General Aviation aircraft include transportation of <br />government personnel, non-government personnel, prisoners, and cargo; supporting <br />law enforcement, emergency preparedness, disaster relief, wildlife, and forest <br />management, fighting forest fires, border patrol, surveillance, and counterterrorism; <br />and a host of other applications.