Strategic Business Plans

Camden County Airport Acquisition Feasibility Study, Camden, NJ: 2008

R.A. Wiedemann & Associates, Inc. was retained to help determine whether or not the Camden County Improvement Authority should acquire a privately owned, public-use airport. To perform this study, R.A. Wiedemann & Associates developed financial pro formas for the facility along with an in-depth economic impact assessment. Potential management structures were examined as well. Given the fact that the airport could not be expanded and that it served only a small portion of the existing businesses in the County the analysis had to rely upon the financial pro forma estimates to determine the viability of the facility. In this regard, it was determined that the airport could break even within five years, however, it would not be able to generate enough revenue to cover the local hare of capital improvements. The County was looking for a scenario that would permit them to own the airport, yet not have to contribute toward its operation and improvement. Because this could not be met, the County called off its bid to buy the airport, ultimately saving money in the long term.

R.A. Wiedemann & Associates, Inc., performed an Airport Business Plan for Watertown International Airport in 2008. The Business Plan examined potential development and optimal operations that would provide increased benefits to Watertown, Jefferson County, and aviation users. Watertown International Airport is a designated Essential Air Service (EAS) airport, which means that the Airport can receive federal subsidy for the support of scheduled commercial airline service. Until January of 2008, the Airport was served by Big Sky Airlines and were on its way to reach the 10,000 annual passengers necessary to receive $1 million in FAA entitlement funds for Primary commercial airport facilities. Under the new Essential Air Service agreement with Cape Air, scheduled service to Albany International began in September 2008. With the smaller nine passenger aircraft that Cape Air operates, it will be difficult to reach the 10,000 annual passengers. The Business Plan suggests ways that the Airport can partner with Cape Air to reach the 10,000 annual passengers needed in order to be eligible for the $1 million in FAA entitlement funds. The Business Plan also addressed the Airport’s competitive setting, the ability of the Airport and local market to sustain scheduled airline service volumes, the potential for partnering with Ft. Drum on aviation matters, the desire of the County to examine lease terms for the existing FBO, the potential for non-aeronautical revenue development at the Airport, and the potential for hangar development.

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