Economic Considerations
Economic Climate Impacting Logan & Massport
Friday, October 31st, 2008Logan International Airport is seeing 5% YTD decline in passenger traffic due to airline cost cutting & passenger belt tightening.
Growth has been slowing year-over-year since 2005. But this slide is expected to continue through 2009 and likely into 2010.
Massport operating budget of $364.6m has been reduced by 5% or $18m.
Travel expenses have been cut by 20% and [...]
Where Are The Aerospace Companies in Massachusetts?
Saturday, August 16th, 2008People are often surprised to hear how many aerospace companies there are here in Massachusetts. I tell them, “yes, there are over 2300 companies directly involved in the industry and thousands more that indirectly provide products & services!”
Most folks know Raytheon, General Electric Aircraft Engines and Draper Labs are based here. I’m happy to remind [...]
Snapshot of Massachusetts Aerospace & Aviation Industry (2001)
Wednesday, May 7th, 2008AIA’s 2001 report titled “Commission on the Future of the US Aerospace Industry” is a bit dated, but the latest I could find that provides state-by-state comparisons of the economic impact of aerospace/aviation industries.
Though published in Oct 2002 it does not include the significant downturn in the industry resulting from 9/11. On the flip side, [...]