b'THE REPORTING ENTITY CapitalRegionAirportCommissionisanindependentpoliticalsubdivisionwhereallfourteen board members are appointed by local governmental jurisdictions and is comprised of the City, and the counties of Chesterfield, Hanover and Henrico. The Commission manages all the business activities of the Airport and produces the financial statements as well as being responsible for the Airports capital improvements.The Commission currently is comprised of 21 departments: Utilities/Ground Maintenance, Electrical Maintenance, BuildingMaintenance,BaggageHandlingSystems,ElectronicSystems,MaintenanceHVAC, EnvironmentalServices,Equipment/AutomotiveMaintenance,PoliceandCommunications, Aircraft Rescue and Fire Fighting (ARFF), Operations, Safety, Landside Operations, Finance and Procurement, Properties and Concessions, Capital Development, Information Systems, Executive Division, Human Capital, Marketing, and Customer Service Experience. AIRPORT OPERATIONS On October 15, 1927, Richard E. Byrd Airport, named after the Virginia explorer-aviator, Admiral RichardEvelynByrd,wasdedicated.PresentattheopeningceremonywasCol.Charles Lindbergh and his famous aircraft, The Spirit of St. Louis. The Airports construction was initiated earlier as the city purchased 100 acres of land for $30,000 and leased 300 more.Presently the Airport owns 3,078 acres. Today the Airport is called Richmond International Airport (RIC).The Airport has evolved into one of the most modern and well-equipped airports in the eastern United States. The Airport is currently served by nine major airlines, ten regional carriers, and occasional charter operations which serve the needs of the areas citizens with about 150 daily flights. The communitys air cargo needs are metbyfourall-cargocarriers;twofixedbaseoperatorsonthegroundsofferfueland maintenanceservicesforcorporateaircraftandtheAirporthasbeendesignatedas Foreign-TradeZone#207withtheCommissionservingasgrantee.Thetotalenplaned passengers in fiscal year 2025 (FY25) was 2.43 million which was a -0.7% decrease from the fiscal year 2024 (FY24) level of 2.44 million enplanements. The decrease in enplanements was due to consumer and business uncertainty, a decrease in international traveler volume, and reduced capacity in some price-sensitive leisure markets. The Airport also handled 206 million pounds of cargo in FY25, an annual record for RIC.The Airport also handled 198 million pounds of cargo in FY24, an annual record for RIC. According to the most recent evaluation by the Virginia Department of Aviation, the Airport is an economicenginewithactivitygeneratinganimpactofabout$2.1billionannually andapproximately 16,000 jobs across the Richmond region, including about 2,500 direct jobs at the facility. vii'