air service development navigating through turbulent times 1 houston association of realtors...
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Air Service DevelopmentNavigating Through Turbulent Times
Houston Association of RealtorsSeptember 2012
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Agenda• Evolution of Air Service (past +/- 15 years)
• Jet Fuel’s Impact on Air Service
• Houston Air Service Development
• Houston Airport System (HAS) Real Estate
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Evolution of Air Service in U.S.
<2001
2008
Present
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Three Airline TypesUltra-Low Cost
CarrierLow Cost Carrier Legacy Carrier
Fully decouple product Hybrid model Business traffic focus
Single fleet type Single fleet type Multiple fleet types
Minimal infrastructure Growing infrastructure to meet hybrid model
Infrastructure to meet multiple client base
Examples
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United Airlines (United – Continental)Atlantic Immunized Joint Venture• Air Canada• LufthansaPacific Immunized Joint Venture• All Nippon Airways
Continental Airlines• Newark• Houston• Cleveland
Mega Carriers Systems
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Airlines Highest Cost
$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
2012
2011
2010
Dollars
Per
Gallon
Sources:US Energy Information Agency
2011 peakApr 08, 2011
$3.38
Sept to Sept, change, 6.9%
Sept 18, 2012$3.18
2012 PeakFeb 24, 2012
$3.33
Jet Fuel Price
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New Technologies Impact on ASD
• Composite materials
– Interior
– Exterior
• B787
• A380 / B747-8
• B737 MAX / A320 NEO
Pratt & Whitney geared turbofan
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Hobby International
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ASD Top Targets
Passenger Service• Asia• Europe
Cargo Service• Asia• Europe• South
America
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IAH-DFWIAH-ORDIAH-LASStarts: Sep-12
IAH-LOSStarted: Nov-11
IAH-ACC-LOSStarted: Oct-11
IAH-MANStarted: Mar-12
IAH-ISTStarts: Apr-13
IAH-DOHStarted: Nov-11
Cargo
A Few Recent Wins
IAH-MIA-MAO-VCP-GIG-BOG-BAQ-IAHStarts: Sep-12
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HAS Real Estate• Houston Airport properties
– Intercontinental Airport Houston
– Hobby Airport
– Ellington Airport
– West Side environment mitigation (Katy area)
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Regulatory Oversight
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Most Common Question #1• How can I buy or sell
airport property?
– No direct sales
• Offer to other city departments
• Offer to other governmental agencies
• Issue a bid invitation
– Not very common
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Most Common Question #2• Can I get a 99 year lease?
– Lease term maximum is 40 years• Must be approved by City Council
– Required to be fare market value– City charter requires city property appraisals
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Most Common Question #3
• Airport Concessions / Restaurants / Retails
– Currently full
– Request for Proposal (RFP) process
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Ellington Pipeline Corridor• Neighboring pipeline corridor
is at capacity
• HAS is creating and managing a new 50-foot wide, non-exclusive pipeline corridor along SH- 3 to accommodate market needs
• Common carrier pipelines destined for Gulf Coast refineries may locate within this corridor
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Thank You
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