History[ edit ] After World War Ithe idea of opening an airport to serve the Roanoke Valley became a priority for local leaders. The intended purpose of the facility was to provide for a landing strip, aircraft storage, as well as serving as a flight school for local residents. The location for the airport was secured on July 1,when the city of Roanoke signed the lease on the land to operate the Roanoke Municipal Airport.
As the MENA region economies boomed after the millennium, significant investment was put into developing transport infrastructure and connectivity as countries increasingly opened to international markets and visitors.
Evidence of this investment can be seen now across the region, with many gateway airports either fully operational and driving economic and tourism traffic growth, or in the final stages of implementation.
With this rush to update infrastructure to meet growing passenger and economic demand, aviation in the region has become very competitive. However, there is still more airport expansion to come: Capacity is so constrained in Kuwait, with nearly three times the passenger traffic than design capacity should allow, that a temporary passenger terminal has been implemented to deal with short term demand, until the new terminal 2 is completed in One of the most significant of the airport projects will be the multi-phase implementation of the overall masterplan of Al Maktoum International airport, planned to be the biggest airport in the world and will carry million passengers per year when complete.
The current wave of investment in airports is not going towards the large, international airports of the last wave: For example, Saudi Arabia is leveraging its increased use of the PPP model to fund the construction of airports mainly targeted at domestic travel, with 12 planned and three confirmed.
With the PPP model generally seen as commercially viable for airports, and the Saudi government guaranteeing revenue projections, we can expect to see significant growth in the domestic aviation market in Saudi Arabia over the next decade.
This model has not, however, been adopted by the wider region, with use of PPP for building airports still relatively modest. Similarly, the domestic and regional market is being developed with the introduction and maturing of low cost airlines such as Air Arabia. The project includes numerous facilities as well as the expansion of the passenger terminal building, and increasing surface access capacity to and from the airport to alleviate current vehicle traffic constraints.
Bahrain and Iraq are expected to be among the most active other markets in the short to medium term. Do mixed growth results support the level of planned expansion? With overall passenger traffic growth across the MENA region dropping slightly inand some targets not being met inwill some of the additional capacity being brought on stream go under-used in the short term?
Airports across the region are registering mixed growth, with some seeing double-digit expansion in passenger traffic, such as Kuwait Given many of the airport expansion plans were drawn up in a more positive economic environment, and airports have since missed passenger growth targets, there are concerns across the region about under-utilisation of infrastructure, and of commercial viability challenges where PPP models, predicated on incremental growth, are used.
Shifting business models as the industry adjusts to a new economic reality As the international travel market in the region becomes increasingly mature, opportunities for returns and growth will increasingly come from regional and domestic travel instead, and we are beginning to see investment in airports follow this trend.
In spite of the undeniable long-term growth prospects for aviation in the region, Middle Eastern carriers do face some short term challenges. Events of the last year have added to pressures faced by the industry, from challenging US policies to regional political issues.
The developments coincided with a new economic reality in the MENA region, of low oil prices and unpredictable USA policies towards the region.
However, the region is innovating and collaborating to respond to these challenges. The Emirates and FlyDubai collaboration for example has seen them come together to codeshare across their combined networks, and allowed them to begin rationalisation of their destinations.
FlyDubai will now provide reduced capacity on previous Emirates routes with low load factors. This will allow Emirates to better utilise their wide bodied fleet on high load factor routes and their premium travel product.
This increased traffic will be split by an ever busier market: With the codesharing deal, FlyDubai are also seeking to consolidate their position in this market.
Outside the difficult macroeconomic realities, there are also some challengers to the MENA airlines super connector status. Turkish Airlines have made it an explicit ambition to become a super connector airline, directly challenging MENA airlines with both a geographic advantage over GCC carriers and a more versatile business model.
Despite these challenges the largest GCC carriers are likely to continue dominating the sector for the foreseeable future, playing off their economies of scale, super connector status and reputation for luxury.
New aircraft orders, often the most reliable indication of growth in this sector, support this, with these carriers seeing the most planes on order. The last 20 years have seen rapid growth that puts MENA aviation truly on the map and has raised the global aviation game in a way that no other region could contemplate.
But the growth model developed to date is changing. Airlines, airports and all those involved in the aviation and aerospace industry need to adapt to survive, and adopt a more commercially astute outlook to thrive over the next twenty years and beyond.
Ciara Walker is an economist at MACE and leads the international market intelligence and strategic research functions. She has previously worked as a senior strategic research analyst at Arcadis and an Innovation Consultant at Mintel.Oct 21, · Officials at Manhattan Regional Airport in Kansas are taking the first steps toward expanding the airport's passenger terminal.
Fayetteville Regional Airport (IATA: FAY, ICAO: KFAY, FAA LID: FAY), also known as Grannis Field, is a public use airport in Cumberland County, North Carolina, United urbanagricultureinitiative.com is owned by the city of Fayetteville and located three nautical miles (6 km) south of its central business district.. The airport has two runways and is served by a two-concourse terminal for commercial aviation and one. The Helena Regional Airport Authority is currently underway with planning on a project to expand the passenger holding and gate areas in the Airport Terminal. Alongside the passenger waiting area, the area where Transportation Security Administration (TSA) screening takes place will also receive an update. Manchester-Boston Regional Airport Expansion Serves As Catalyst For Growth Heightened activity at New Hampshire’s Manchester Regional Airport creates greater occupancy, spurring the construction, renovation, and expansion of Manchester hotels.
Officials are looking for . An investigation into the practicality and constraints of Bournemouth Airport’s proposed expansion plans in the current economic environment. In a letter to Patrick McLoughlin, transport secretary, the Regional and Business Airport Group argues that the expansion of Heathrow is the best option for UK regional growth.
The support comes as the battle between Heathrow and Gatwick over where London’s next runway will be built continues to heat up. On Monday, the chief executives of both airports put forward their cases separately at a two-day .
Cotton Belt Draft Environmental Impact Statement (DEIS) The Federal Transit Administration (FTA) as the federal lead agency, in cooperation with DART as the local project sponsor, provides this Draft Environmental Impact Statement (DEIS) for the Cotton Belt Corridor Regional Rail Project (Project) in Tarrant, Dallas and Collin counties, Texas.
Gainesville Regional Airport Expansion Construction Set To Begin In of Florida, flies through the Gainesville Regional Airport frequently. the current budget for Phase I of the. FasTracks is RTD's voter-approved transit expansion program -- the largest in the nation -- transforming transportation through the Denver metro area.