Despite the volume, Marcy says the airport is not currently pursuing new hangar construction. “We have more than enough hangars,” he details.“We’ve got almost 600 aircraft here. I’m not looking to add capacity; I want to maintain and support the base of customers that we have. It’s important for us to balance different lines of commercial service, general aviation, aerospace manufacturing, and our real estate portfolio, because there are ebbs and flows in aviation.” That diversified model is what kept Paine Field financially stable during the pandemic. “For COVID, it was commercial service that took a hit, but the airport was able to remain in the black because we have that diverse portfolio,” he recounts.“My goal is really to continue to maintain that presence as we go forward.” ECONOMIC ENGINE OF SNOHOMISH COUNTY When it comes to economic impact, the numbers speak for themselves. “Because of Boeing and all the partners that Boeing has, they have about a $60 billion economic impact to the region,” Marcy discloses, noting that that activity supports roughly 204 BUSINESS VIEW MAGAZINE VOLUME 12, ISSUE 11
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