Regina airport takes off: with a renovated passenger terminal and a new study that shows the Regina International Airport is a major economic contributor, things are really looking up (... and up, and up) for the six-year-old Regina Airport Authority, Inc., (RAA).The Regina airport terminal expansion, completed in 2005, marked a major facelift with significant functionality improvements. The renovations and additions allowed for entirely new passenger and customs arrivals areas, with three luggage carousels, and another jetway bridge (almost doubling the amount of space for public areas), and making the arrivals experience much more open, bright and welcoming.[ILLUSTRATION OMITTED] "That expansion was really needed, as further proven by the economic impact survey," explains Rick Erickson, international aviation consultant. "This airport is one of the top 10 centres of employment in Regina. Every time an average full Boeing 737 lands and takes off, it supports 18 person months of employment." The economic impact study (conducted in spring 2006 and available at www.yqr.ca/economicimpact) found that last year, the Regina International Airport Regina International Airport (IATA: YQR, ICAO: CYQR) is an airport located in Regina, Saskatchewan, Canada, about seven kilometres WSW of the city centre. It is run by the Regina Airport Authority. It is, as of 2006, the second busiest airport in Saskatchewan. generated more than $350 million of GDP GDP (guanosine diphosphate): see guanine. activity, or over 5 per cent of Regina's GDP. There are 743 full-time equivalent Full-time equivalent (FTE) is a way to measure a worker's involvement in a project, or a student's enrollment at an educational institution. An FTE of 1.0 means that the person is equivalent to a full-time worker, while an FTE of 0.5 signals that the worker is only half-time. jobs located on the airport. Statistics like that are one of the reasons airport authorities An airport authority is an independent entity charged with the operation and oversight of an airport (or group of airports). These authorities are often governed by a group of airport commissioners, who are appointed to lead the authority by a government official. are coming full circle from the days when the local airport was just another government institution. Most have now evolved into fully commercial operations, including Regina, and since control was transferred from the federal government to local airport authorities in 1999, Regina's airport has really taken off. "Airports are important economic drivers in most cities," says Erickson. "I think the community can see the true potential that having a thriving airport brings not just to Regina, but to all of Saskatchewan." 2005 was a record year for passenger numbers for RAA RAA Residential Accredited Appraiser (National Association of Realtors) RAA Reinsurance Association of America RAA Reeve Aleutian Airways RAA Regional Airline Association RAA Royal Australian Artillery , with the total number of passengers through the airport coming to 826,506, which is 13.5 per cent more passenger traffic than 2004. The rise in numbers in numbered parts; as, a book published in numbers. See also: Number was due in part to Regina hosting the Jeux du Canada Summer Games This article is about the Epyx video game series. For the international multi-sport event, see Summer Olympic Games. Summer Games is a sports video game developed by Epyx and released by U.S. Gold based on sports featured in the Summer Olympic Games. , and Saskatchewan Centennial events. Rob Slinger, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of RAA, says that airport activity levels are reflective of the overall provincial economy. "When the economy is growing, people are flying." Slinger also says the economic impact study will be very useful in educating more people about their airport as a centre of commerce, and much more than just "A place to get on and off airplanes. An attractive, functional and even remarkable airport encourages a sense of success, or pride of place, as well as being a welcoming venue for national and international visitors." RAA will be working to increase awareness of commercial value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. as the non-profit corporation goes forward. The recent completion of the cargo runway expansion and noise abatement study, looking an unparalleled 80 years into the future, helped clear the debate over Regina's southwest sector development plans. The study confirms that as aerospace technology changes and airplanes become more efficient and quieter, noise impacts on businesses or residential areas are well under recommended Transport Canada Transport Canada is the department within the government of Canada which is responsible for developing regulations, policies and services of transportation in Canada. History guidelines, and will only get better. "We are looking forward to a new era of very successful endeavours through RAA and airport tenants and stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. ," says Slinger. "And we have only been at this for six years ... imagine what we can build in the next six ... or 60." RELATED ARTICLE Regina International Airport Economic Impact Study Fact Sheet * In 2005, the Regina International Airport generated $350 million of GDP activity, which is more than five per cent of Regina's total GDP. * An average full Boeing 737 landing and taking off at Regina International Airport supports 18 person months of employment. * 743 full-time jobs are located on the airport. * The airport is one of the top 10 centres for employment in the Regina area; 743 full-time jobs are located on the airport (including RAA employees, airline staff, maintenance crews, baggage handlers In the airline industry, a baggage handler is a person who loads and unloads baggage (suitcases or luggage), and other cargo (airfreight, mail, counter-to-counter packages) for transport via aircraft. , customs, and associated airport services, i.e. car rentals and food concessions) * Each 1,000 enplaned and deplaned (departing and arriving) passengers supports 5.8 full-time jobs * Each 1,000 enplaned and deplaned passengers supports $160,000 of annual labour income (or $160 of income generated per passenger) * Each 1,000 enplaned and deplaned passengers supports $424,000 of total GDP activity (or $424 of GDP generated per passenger) * The Regina International Airport generated about $137 million in tax revenues, divided as: Federal Government: $68.7 million Provincial Government: $49.6 million Regina Area Municipal Governments: $18.7 million * Survey conducted and written by Rick Erickson of RP Erickson & Associates, a Calgary-based aviation consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . The questionnaires and data were gathered in late 2005 and early 2006. * This study was undertaken because although the Regina International Airport is a major economic engine for Regina and area, the exact scope of its impact on the economy has never before been measured. * The study results have been shared with the volunteer board of RAA and will be applied in future strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and development discussions. * There are no direct implications or changes as a result of this study. Aircraft and Passenger numbers for 2005 Regina International Airport * Final statistics for the year 2005 show that last year was a record-breaker for the Regina International Airport, with more passengers through the airport than ever before. * The total number of passengers through the airport in 2005 was 826,506 - which is a 13.5 per cent increase over passenger traffic in 2004 (or 98,500 more passengers through the airport in 2005.), and beating the previous high for the airport of 791,000 passengers in 1998. * August 2005 was a record month for the airport in passenger traffic, due in part to the Jeux du Canada Games The Canada Games are a strictly amateur multi-sport event held in Canada biannually. There are Winter and Summer editions, alternating every two years, so that every four years there is a winter games, and every four years there is a summer games. , which saw 81,771 passengers move through the airport. * The Regina International Airport saw the highest overall aircraft traffic increase of any airport in Canada through 2005, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Statistics Canada data released in early February 2006. * The Regina International Airport also saw a nine per cent overall increase in aircraft movements in 2005 (when compared to 2004) according to Statistics Canada data. |
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