Business View Magazine | May 2020

52 BUSINESS VIEW MAGAZINE MAY 2020 National Air Transportation framework. “We are an enterprise fund, so as a general aviation airport we don’t have passenger / customer facility charges. We have to rely on aeronautical and non-aeronautical businesses that are primarily customer driven. Each business located on the Airport has its own marketing plan and we work to incorporate these plans into our overall strategy to propel the Airport forward. It’s refreshing to have these business and stakeholder relationships that work so well together. We collectively put our heads together to work on development, phasing construction, community relations, and promotion of the airport. We prioritize our projects and all of our operating revenues go back into airport development, infrastructure, safety related projects, and airport operations. Many of our 18 businesses have made significant contributions in infrastructure development at the Airport. We are seeing the many benefits in this effective partnership in the consistent positive reviews we receive daily from customers and clients.” The Airport is self-sufficient and operates like a business with the highest income generated from ground leases issued to aeronautical and non-aeronautical businesses. There is also landing traffic revenue, as well as fuel sales. Jet aircraft provide the primary revenue source for the Airport with landed traffic having increased more than 17 percent over last year alone. BVY currently has over 100 based aircraft, including seven jets, five helicopters, and eight multi- engine aircraft. According to Bouillon, “We’re considered a business use category airport because of the high number of corporate users we have. Our location, 14 nautical miles north of Logan, is a strength but also poses challenges because of the passenger service aspect. It’s a strength because we’re able to alleviate the general aviation needs from Boston. The corporate users can come into Beverly without any highway delays that are so common in the Boston metro area. Additionally, with our having International Customs and Border Patrol, we experience more than 65 international flights per year. And last year, a Dassault Falcon 8X came from England to Beverly Airport for a speed record, because of the no delay ability to come into the U.S.” The FAA has noted that business aviation has been one of the fastest growing segments of GA activity over the last 15 years, and the communities BVY serves, have certainly benefited from this business market. There are 18 businesses onsite and recently a large MRO that does maintenance on jet aircraft came on board. “We’re expanding our businesses and creating new leases, which is exciting,” says Bouillon. “We have a waiting list of businesses wanting to come onto the airfield because it’s such a strategic location. We are somewhat confined with residential and industrial use around the airport, but as we look at infrastructure development alternatives within our footprint, we can accommodate businesses that are waiting to relocate here.”