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. • <br /> . , . <br /> • . ' • .. •• • <br /> .M41.6 <br /> • <br /> . - <br /> In 1979, the Port of Portland (Oregon) conducted a study of the economic <br /> . _impact of the various air facilities under its jurisdiction, including three <br /> • .ygeneral aviation airports. There- were- an estimated 557 locally. <br /> • . based, general aviation aircraft-at the three facilities. The study found <br /> _ <br /> that total impact (direct and induced) of the general aviation facilities <br /> • ' during 1978 was $58 million (value added by individuals and firms in the <br /> "area) , 1,343 jobs and $19 million in payroll. • <br /> It would be virtually impossible for any particular enterprise to <br /> specify what percentage of the company's profits, growth, stock apprecia- <br /> tion, etc. could be attributed to that use of aviation. Many factors help <br /> influence success. Since there is such diversity between aviation users, <br /> it also seems likely that the success story for one would be hard to repli- <br /> cate for another.. However, there is revealing information about the rela- <br /> tionship of corporate aircraft ownership and other components of business <br /> - success among. the leading 1,000 manufacturing firms in the nation. <br /> . . <br /> From 1969 to 1977, the number of Fortune 1000 companies owning <br /> aircraft has risen from 420 to 502 and grows each year, reaching 514 in <br /> late-1978. Moreover, those companies owning an airplane have a much higher <br /> percentage of sales and profit that those who do not: The National Business <br /> Aircraft Association found that the 502 Fortune businesses owned 1,648 <br /> aircraft in 1977 and represented: <br /> . 79 percent of the Fortune 1000 employees • <br /> . 83 percent of the Fortune 1000 net sales <br /> . 84 percent of the Fortune 1000 assets <br /> . 84 percent of the Fortune 1000 stockholders equity <br /> . 86 percent of the Fortune 1000 net income <br /> Net income as a percentage of sales averages 5.2 percent for those <br /> companies owning their own aircraft as against 4.1 percent for non-owners. ' <br /> 1 Net income as a percentage of stockholder equity is 13.7 percent for the <br /> -7- <br /> AsioeuATE: - <br />