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|Articles - July 2010|
|Friday, June 25, 2010|
Oregon’s regional airports have held steady against the poor economy, adding new airlines, destinations and expansions despite some lower passenger counts.
From 2008 to 2009, Redmond’s airport saw a 5.6% passenger decrease and Medford’s passengers decreased by 1.7%. But Eugene’s airport saw a 5.1% increase in passenger travel, and Medford airport director Bern Case says his airport is expecting passengers to increase by almost 11% this year.
Expansion plans include a longer runway at Prineville’s airport, which received a $690,135 grant from the Federal Aviation Administration in July for the project. Longer runways can accommodate larger aircraft, which means more passengers and more money.
Redmond’s airport opened its new facilities and terminal in February, the result of a $60 million expansion that enlarged the airport from 24,000 square feet to 140,000. Medford’s airport also has added another terminal.
And airports are adding airlines and destinations. Redmond instituted daily service to Denver and Phoenix, and increased the passenger size of flights to and from San Francisco from 30 to 50. (However, Horizon in late August will drop its daily flight from Redmond to Los Angeles.) Medford added nonstop service to Los Angeles, Las Vegas and Phoenix. Case says having multiple airlines serving an airport gives people choices in terms of cost and destination. That increases the likelihood they will use the airport.
Airlines serving small airports offer deep discounts because of lack of competition (the FAA says only Seaport, which serves Pendleton, gets a federal subsidy). Case says one-way tickets to Los Angeles and Las Vegas range between $59 and $89. “We’ve managed to stay competitive,” he says.
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When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.