Pitt-Greenville Airport

What Pitt-Greenville Airport does

Pitt-Greenville Airport (PGV) is a public airport authority operating a 1,000-acre regional commercial service airport in Greenville, North Carolina, under North Carolina legislation (SL 1967-571). Founded in 1946 and governed by the Pitt-Greenville Airport Authority Board of Directors, the airport serves Eastern North Carolina with two runways capable of accommodating aircraft up to the size of a Boeing 757. It operates a unified service offering centered on scheduled commercial passenger flights operated exclusively by American Airlines to the Charlotte Douglas International Airport hub, supplemented by general aviation facilities serving approximately 70 based private aircraft. Core technology consists of conventional airport infrastructure, including LED runway lighting (reducing energy consumption 75%), advanced runway resurfacing extending pavement life by 35%, a TSA-installed CT scanner at the security checkpoint, and sophisticated all-weather navigation systems. Adjacent offerings include on-site concessions (First Class Bistro and Flight Cafe), business meeting facilities with teleconferencing, and ground transportation services. PGV processes approximately 91,000 passengers annually across five daily commercial flights and contributes an estimated $280.7 million in annual regional economic output (NCDOT Division of Aviation), supporting 1,650 jobs and $59.6 million in personal income.

The business model rests on five revenue streams: commercial airline fees from American Airlines (landing fees, terminal use, facility access), general aviation transaction revenue (hangar rentals, aircraft storage, fuel sales, servicing), terminal concessions (food and beverage), FAA Airport Improvement Program and NCDOT Division of Aviation grants for capital projects, and passenger facility charges. Pricing is quote-based and not publicly disclosed. Approximately $36 million in federal- and state-funded capital improvements were deployed across 2018-2019 (runway resurfacing, terminal expansion, apron rehabilitation), with a $3,406,185 FAA grant in September 2019 and a new North 24 Development Project advancing through environmental assessment in 2026. The airport has 14 employees and an operating budget of approximately $3 million for FY 2020-2021, reflecting its status as a small government entity rather than a revenue-maximizing commercial operator.

Name

Pitt-Greenville Airport

Legal name

Pitt-Greenville Airport Authority

Website

https://flypgv.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Pitt-Greenville Airport (PGV) is a public regional airport authority in Greenville, North Carolina, serving Eastern North Carolina with scheduled American Airlines commercial service to Charlotte and general aviation facilities for approximately 70 based private aircraft.

Ownership category

akta.pro rank

Product category

Regional Airport Services

NAICS

Airport Operations (48811)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Aviation Infrastructure Agencies (Public Airports, Airfield Ops, Ground Access) (BPAIALAE)

Keywords

• Commercial airport services
• General aviation facilities
• Aircraft hangar rentals
• Passenger terminal services
• Regional air transportation

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Airline Fees: Fees charged to American Airlines for commercial airline operations including landing fees, terminal use, and facility access
2. General Aviation Services: Revenue from private aircraft operations including hangar rentals, aircraft storage, fuel sales, and servicing
3. Terminal Concessions: Revenue from on-site food and beverage services including First Class Bistro and Flight Cafe restaurants
4. Federal and State Grants: FAA Airport Improvement Program grants and North Carolina Department of Transportation Division of Aviation funding for infrastructure projects
5. Passenger Facility Charges: PFC revenue from approved passenger facility charge applications for eligible airport improvements

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Pitt-Greenville Airport operates as a regional commercial service airport providing scheduled passenger flights via American Airlines to the Charlotte hub, supported by general aviation infrastructure including hangar rentals, aircraft storage, fueling, and maintenance for private aircraft. The airport additionally provides on-site terminal amenities such as restaurants, rental cars, business meeting facilities with teleconferencing, and TSA security screening.

Product overview

Pitt-Greenville Airport (PGV) is a regional commercial and general aviation airport serving Greenville, North Carolina. The airport operates a unified service offering centered on commercial passenger flights via American Airlines to Charlotte, supplemented by general aviation facilities including aircraft storage hangars and fueling services. Additional amenities include business meeting facilities with teleconferencing capabilities and on-site dining options. The airport encompasses 1,000 acres with two runways and can accommodate aircraft up to the size of a Boeing 757.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Passenger Service Scheduled commercial airline flights serving Greenville, NC with American Airlines connections to the Charlotte Douglas International Airport hub, providing five daily flights for business and leisure travelers.
• General Aviation Services Services for private aircraft including hangar rental, aircraft storage, fueling, and maintenance for approximately 70 based private craft and visiting aircraft operators.
• Business Facilities Meeting facility with complimentary Wi-Fi, teleconferencing phones, projection screens, and presentation equipment for remote office needs, meetings, presentations, and teleconferencing.
• Ground Transportation Rental car services and ground transportation options for passengers arriving at the airport.
• First Class Bistro On-site restaurant located at the main entrance of the Pitt-Greenville Airport Terminal offering casual dining, catering services, and planeside seating for travelers and visitors.
• Flight Cafe Homestyle cooking restaurant operating Monday through Friday with catering services available at the airport.

Quantifiable outcome

• Economic output of $280.7 million annually to local economy
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Free To Be Me FoundationminorStrategic or Co-development Partner · 8 May 2019Partnership with Free To Be Me foundation to host annual event for chronically and critically ill children, providing a day of family activities including airplane tours, bounce houses, and entertainment.
• McFarland Johnson, Inc.minorImplementation/ SI/ Consulting Partner · 28 January 2019Engineering and planning consulting firm engaged for environmental assessments and airport development planning services including North 24 Development Project.
• Experimental Aircraft Association (EAA)minorStrategic or Co-development Partner · 12 October 2018EAA hosted the Join the Flight event at PGV featuring the B17-G Flying Fortress Aluminum Overcast aircraft. Revenue from tours supports maintenance and operation costs for the historic aircraft.
• American AirlinescoreStrategic or Co-development Partner · 6 July 2018American Airlines is the primary commercial airline partner providing scheduled passenger service. The airline upgraded from Dash 8 twin-prop planes to all-jet service, significantly improving reliability. American provides five daily flights connecting Greenville to its Charlotte hub.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Raleigh-Durham International Airport: Larger North Carolina hub airport that serves as the primary competitive alternative for Eastern NC travelers willing to drive. Operates multiple major carriers with significantly broader route networks than PGV.
• Charlotte Douglas International Airport: American Airlines' primary southeastern hub and the destination for PGV's commercial service. Represents the larger incumbent that anchors PGV's route network and drives its connectivity value proposition.

Direct peers

• Elmira-Corning Regional Airport: Regional New York airport of similar scale where PGV's Executive Director Bill Hopper previously served. Provides direct comparable for operational scale, terminal project execution, and commercial carrier relationships.
• Wilmington International Airport: North Carolina coastal regional airport with American Airlines service among other carriers. Operates at a slightly larger scale than PGV but with similar public authority structure and regional tourism/business demand profile.
• Asheville Regional Airport: Non-hub primary commercial service airport in Western North Carolina. Similar public authority governance structure and reliance on a small number of commercial carriers for connectivity to major hubs.
• Fayetteville Regional Airport: Regional airport serving Fayetteville, NC with similar military community demand dynamics and limited commercial carrier mix. Comparable size and infrastructure footprint to PGV.
• Coastal Carolina Regional Airport: Public airport authority serving New Bern, NC with similar regional commercial service profile. Comparable scale, single-carrier model, and Eastern NC geographic context make it the closest operational peer to PGV.
• Albert J. Ellis Airport: Regional commercial service airport in Jacksonville, NC serving Eastern North Carolina. Similar passenger volumes, military community catchment, and reliance on a limited number of commercial carriers.
• Concord-Padgett Regional Airport: Regional North Carolina airport with strong general aviation focus, including corporate and charter operations. Comparable scale and proximity to larger hub airports (Charlotte) creates similar competitive dynamics to PGV.

Regional players

• Norfolk International Airport: Mid-sized commercial service airport in neighboring Virginia serving Hampton Roads region. Operates as a regional competitor for travelers in the broader Tidewater/Eastern NC corridor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pitt-greenville-airport

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pitt-Greenville Airport