Approximately 255 public use airports were abandoned from 1995 to 2001 jeopardizing the $150 billion economic boost the general aviation industry provides for the U.S. economy each year. In 1994 when the Schaumburg Airport was put up for sale, the FAA approached the Village and suggested that they consider preserving the airport and its benefit to the aviation community and the economy.
The purchase price for the airport was subsidized significantly by both the State and Federal Governments with the local share for many of the grants being as low as five percent. The current operations of the airport are covered solely by revenues generated at the airport and no general fund revenues are used for airport purposes.
In September 2013 alone, 176 guests flew into the Schaumburg Regional Airport; 15 for business, 71 to dine at Pilot Pete's, 36 purchased fuel, 7 rented cars, 26 to deliver or pick up goods, 5 for charter and 17 stayed at least one night. Guests flew in from 24 different states. This is in addition to the 80 flyers that currently base their aircraft at the facility.
Schaumburg Regional Airport generates an annual economic impact of $18.9 million
Industry and Commerce
The Schaumburg Regional Airport estimates over 60% of the flights in and out of the airport are for business purposes. It is estimated nationally that 65% of general aviation flights are conducted from business and public services that need transportation more flexible than the airlines can offer.
News & Entertainment
US Helicopters provides helicopter service to CBS, ABC, NBC, WGN and FOX daily in order to bring thousands of commuters up to date information for their daily commute.
The Civil Air Patrol, Woodfield Composite Squadron has been in operation since 1992 and is based out of the Schaumburg Regional Airport. The Civil Air Patrol, the official Air Force Auxiliary, is a nonprofit organization performing more than 95% of inland search and rescue missions in the continental U.S. as tasked by the Air Force Rescue Coordination Center.