While there are a multitude of publications on corporate finance and financial management, only a few address the complexity of air transport industry finance and scant attention has been given to airport financial management. This book deals exclusively with airport issues to rectify this. It does this with an analysis of the theoretical concepts relevant to the subject area combined with a detailed investigation of current practice within the industry. Airport Finance and Investment in the Global Economy bridges the gap between much academic research on airports published in recent years - lacking much managerial relevance - and real-world airport financial management. This is achieved by featuring expert analysis of contemporary issues specific to airport finance and funding strategies, illustrated by worked examples from a wide range of different countries to enhance understanding and create a global perspective. The book is designed to appeal to both practitioners and academics. Airport-specific topics include: performance measurement and benchmarking, valuation, tools for financial control and management, alternatives of financing, privatisation, competition and implications of economic regulation.

As aviation is celebrated as one of the world's fastest growing industries, with passenger numbers and cargo volumes projected to double in the next 20 years, Plane Truth sounds a note of caution. In addition to the environmental impact of airport expansion, devouring farmland and wildlife habitats, and aviation's impact of noise and air pollution on communities, Rose Bridger reveals the extraordinary government subsidies for the aviation industry, encompassing government expenditure on infrastructure to tax breaks, all of which serve to support the industry in the face of rising oil prices and global economic downturn. Disavowing 'greenwashing' claims of fuel-efficient aircraft and alternative fuels that will enable growth without climate change, from British Airways to American Airlines, the symbiotic relationship between aviation and the wider socio-economic problems facing humanity is manifest.

In 2009, cabin crew in the BASSA union embarked on a historic, two-year battle against British Airways which was seeking to impose reduced crew levels and to transform working conditions. In the face of employer hostility, legal obstruction, government opposition and adverse media coverage, this workforce, diverse in terms of gender, sexuality, race and nationality undertook determined resistance against this offensive. Notably, their action included twenty-two days of strike action that saw mass participation in rallies and on picket lines. The dispute cost British Airways 150 million in lost revenue and its main outcome was the cabin crew's successful defence of their union and core conditions. Here, in their own words, Cabin Crew Conflict tells the strikers' story, focusing on cabin crew responses, perceptions of events, and their lived experiences of taking industrial action in a hostile climate. Foregrounding questions of class, gender and identity, and how these were manifest in the course of the dispute, the authors highlight the strike's significance for contemporary employment relations in and beyond the aviation industry. Lively and insightful, Cabin Crew Conflict explores the organisational and ideological role of the trade union, and shows how a 'non-traditional' workforce can organise and take effective action.

Space policy is at the cutting edge of current EU policy developments and is a fascinating object of study, involving multiple and diverse actors. It is also an original and contemporary lens for studying European policy-making. This book explores advances in European space policy and their significance for European integration. Using a 'framing' methodology, it addresses central questions in European studies in order to form an interdisciplinary bridge between current research in space policy and contemporary European political studies. It assesses the interests of EU institutions in space and how these institutions perceive space policy. Furthermore, it demonstrates that space is a cross-cutting policy domain affecting a diverse range of EU policy fields, such as security, transport and migration, and underpinning the 21st century European and global economy. In doing so, this volume firmly locates space policy in the field of European Studies. This innovative volume will be of key interest to students and scholars of a range of policy areas including common foreign and security policy, technology policy, transport policy, internal market policies, environmental policy, development aid and disaster-risk management, as well as the EU institutions.

As a barefoot lad in the Outer Hebrides, Bill Innes dreamed the impossible dream of becoming a pilot and this book tells how that dream came to pass. The author's career of over forty years spanned a period of incredible advances in the air - now regarded as a golden era in aviation. After gaining his RAF wings in Canada he really started to learn his trade by flying pre-war Dakotas for British European Airways around the Highlands and Islands of Scotland - one of the most testing aviation-operating areas in the world. The experience was to stand him in good stead as he moved to London to fly classic 20th century British aircraft such as the Viscount, Comet, Vanguard and Trident. The narrative comes alive through tales of the many characters encountered in a time before flight recorders. There are authentic versions of some of the most famous anecdotes in the folklore of the sky, but also reflections on training philosophy and techniques which have a relevance outwith aviation. Along the way he explored his limits, barnstorming vintage aircraft in Tiger Club displays - surviving one breach of those limits which should have proved fatal! Progressing to being a training captain, Bill was happy to pass on his experience to colleagues. As one of the team that introduced the Boeing 757 to British Airways, post-retirement, he was privileged to be the trainer on the first flights of charter airlines such as Air 2000 and Canada 3000 before his swansong, flying long range Boeing 767s for Alitalia. Technical background is lightened by the thread of humour which runs throughout and there are also some sage words of comfort for the nervous passenger.

The core structure of the regulatory regime for international civil aviation (the 'Chicago System') is inter-national. The features of the Chicago System were designed in an era when the world's airlines were State-owned, and the most pressing international concerns were for navigation and safety regulation. Economic liberalization and intense globalization since the Second World War have impacted on the industry; today, it is global. This book observes the developing governance of global aviation, taking into account the concepts of sovereignty, jurisdiction and territoriality, and the proliferation of actors and participants as partners in a global public policy network, to posit that an upgraded system of global governance for civil aviation helps to explain the emerging complex landscape for global governance of civil aviation. As evidence of the emerging, complex matrix of governance of global aviation, this book identifies and reviews a selection of contemporary, transnational economic and environmental challenges facing the globalized aviation sector, e.g. fair competition safeguards, consumer protection, noise pollution and greenhouse gas emissions, and the respective 'legal' and policy actions taken at national level (United Arab Emirates, Qatar and People's Republic of China), regional level (the European Union) and international level (UN Framework Convention on Climate Change and International Civil Aviation Organization). The book concludes that economic and environmental regulation of international aviation, designed for an inter-national world of yesterday, evolves into global governance of aviation, which is more suited for today's global world. This book will be of particular interest to scholars and practitioners of aviation law, competition law and environmental law, as well as in the areas of transnational law, global governance and international relations.

This title was first published in 2003. The events of 11 September 2001 defy modern economic theory when addressed in aviation terms. Economic theory would suggest that, once the impact of such events are a thing of the past, and economies are restored to their status quo ante, a rise in the gross domestic product of States to earlier levels would almost inevitably result in increased consumption. This in turn would mean that the demand for air travel would rise to earlier proportions and consumption in terms of air transport services would be restored to normalcy. However, the September attacks on United States' property introduced a unique characteristic through the fear factor that directly impacts the future development of air transport. As a result, the grim task of restoration of passenger confidence stands in the way of economic revival of the air transport industry. Aviation was always in crisis. The air transport industry, even prior to 11 September 2001, although seemingly a glamorous, exciting and prosperous business, never enjoyed sustained periods of profitability. Even among the large carriers, a short bout of profitability would inevitably be followed by a period of downturn in real income. It is simply that this fluctuation in fortune is an ineluctable characteristic of air transport, whose fortunes are dictated by rigid regulation, competition and technological change. If a sustained analysis were to be made of air transport, plain economic theory would no longer be the exclusive discipline for consideration. Rather, all relevant factors have to be taken in context and emerging issues should be analyzed as possible threats to the economic well being of the air transport industry. This book addresses issues in a post-September 2001 context but also analyses issues past and present, with the intent of looking at the future. Four major areas are taken into consideration which were in crisis but are truly impacted by the events of September 2001. These areas relate to crises in the commercial, security, insurance and environmental protection fields. Of these the first and fourth areas are inextricably intertwined, as aircraft noise regulations in various States have a direct impact on aircraft financing, which in turn is linked to demand for air services. A drop in demand for air services would essentially mean that the demand for lease or purchase of new aircraft would drop. When this occurs, air transport enterprises would be more inclined to cut costs and therefore concentrate on using the aircraft already at hand, upgrading them to conform to the The purpose of this book is to view the overall picture of an aviation industry - comprising air transport and other aviation related industries - in crisis, through issues that continue to impact the economic viability of air transport, particularly as a result of the events of 11 September 2001.

Air Transport and Tourism: Interrelationship, Operations and Strategies is a comprehensive textbook covering all major aspects of air transport from operational and managerial perspectives, as well as exploring the intricate relationship that exists between the air transport and tourism industries.

The book introduces and provides in-depth coverage of the complexities of the airline industry and the tourism industry and the ways in which they are connected and impact on each other, for example, the destination–airport–airline nexus, and the roles of air transport and airlines in tourism and vice versa. Emphasis is placed on current and future trends, the impact of COVID-19, sustainability and environmental challenges throughout. Comprehensive coverage of airline operations, strategic management and planning, airport operations and air transport information technology is also provided, offering a practical viewpoint on these vital aspects of the subject.

This will be the ideal introductory textbook for students of tourism and hospitality studying courses in aviation and air travel.

Table of Contents

1. Air Transport and Tourism: An Introduction.

2. Air Transport.

3. Tourism: An Introduction.

4. Trends in Air Transport and the Influence on Tourism.

5. COVID-19: Impacts on Tourism and Air Transport.

6. Role of Air Transport in Tourism.

7. Air Transport Regulations and Tourism.

8. Airlines: A Key Service Provider in Tourism.

9. Airport.

10. Destination, Airport and Airline Nexus.

11. Aircraft, Spacecraft and Tourism.

12. Role of Tourism in Air Transport.

13. Airline Planning.

14. Airline Operations and Management.

15. Traveller Oriented Strategies and Practices of Airlines.

16. Airport Operations.

17. Air Transport Information Technology.

18. Air Transport and Tourism: Impacts, Challenges and the Future.

The Routledge Handbook of Transport Economics offers the first state of the art overview of the discipline of transport economics as it stands today, reflective of key research and policy. Transport is an important area of study and one which is problem rich, stimulating a great deal of debate in areas which impact on everyday lives. Much of this focuses on the practicalities of the modern-day phenomenon of mass movement and all of the issues which surround it. The discipline of economics is central to this debate, and consequently the study and application of transport economics has a chief role to play in seeking to address subjects relating to major transport issues. It can be argued that at the very heart of any transport issue or problem lies the underlying economics of the situation - understand that and you alleviate the problem. Featuring contributions from world-leading scholars and practitioners from across the globe, all of the chapters within this book are written from a practical perspective; theory is applied and developed using real-world examples. The book examines concepts, issues, ideas and practicalities of transport provision in five key topic areas: public transport public transport reform economic development and transport modelling transport and the environment freight transport. A real strength of the book is in linking theory to practice, and hence the 'economics' that are examined in this text are not the economics of the abstract, but rather the economics of everyday living. Practical and insightful, this volume is an essential reference for any student or researcher working in all areas of transport provision, ranging from planning, appraisal, regulation and freight; and for all practitioners looking to develop their professional knowledge and who are seeking professional accreditation.

This book reviews Operations Research theory, applications and practice in seven major areas of airline planning and operations. In each area, a team of academic and industry experts provides an overview of the business and technical landscape, a view of current best practices, a summary of open research questions and suggestions for relevant future research. There are several common themes in current airline Operations Research efforts. First is a growing focus on the customer in terms of: 1) what they want; 2) what they are willing to pay for services; and 3) how they are impacted by planning, marketing and operational decisions. Second, as algorithms improve and computing power increases, the scope of modeling applications expands, often re-integrating processes that had been broken into smaller parts in order to solve them in the past. Finally, there is a growing awareness of the uncertainty in many airline planning and operational processes and decisions. Airlines now recognize the need to develop 'robust' solutions that effectively cover many possible outcomes, not just the best case, "blue sky" scenario. Individual chapters cover: Customer Modeling methodologies, including current and emerging applications. Airline Planning and Schedule Development, with a look at many remaining open research questions. Revenue Management, including a view of current business and technical landscapes, as well as suggested areas for future research. Airline Distribution -- a comprehensive overview of this newly emerging area. Crew Management Information Systems, including a review of recent algorithmic advances, as well as the development of information systems that facilitate the integration of crew management modeling with airline planning and operations. Airline Operations, with consideration of recent advances and successes in solving the airline operations problem. Air Traffic Flow Management, including the modeling environment and opportunities for both Air Traffic Flow Management and the airlines.

Focusing on the consequences of Brexit for aviation law, this book presents the key legal issues for aviation business and administration, as well as all major stakeholders that could potentially be affected by Brexit. This will include airlines, airports, aerospace manufacturers, regulatory and judicial institutions, passengers and employees. The book will indicate groups of legal acts disturbed by Brexit and those few that will remain untouched, and develop on this basis a digest of regulatory and institutional problems that will arise in various areas of the discussed sector. Finally, the short title will deliberate on the directions of possible actions which may be undertaken to avoid post-Brexit legal incoherence. This review should give essential guidance to the industry and the authorities on both sides of the English Channel as to what to expect and how to prepare for the forthcoming legal earthquake.

The aviation industry is being transformed by the use of unmanned aerial vehicles, or drones - commercially, militarily, scientifically and recreationally. National regulations have generally failed to keep pace with the expansion of the fast-growing drone industry. Aviation Law and Drones: Unmanned Aircraft and the Future of Aviation traces the development of aviation laws and regulations, explains how aviation is regulated at an international and national level, considers the interrelationship between rapidly advancing technology and legislative attempts to keep pace, and reviews existing domestic and international drone laws and issues (including safety, security, privacy and airspace issues). Against this background, the book uniquely proposes a rationale for, and key provisions of, guiding principles for the regulation of drones internationally - provisions of which could also be implemented domestically. Finally, the book examines the changing shape of our increasingly busy skies - technology beyond drones and the regulation of that technology. The world is on the edge of major disruption in aviation - drones are just the beginning. Given the almost universal interest in drones, this book will be of interest to readers worldwide, from the academic sector and beyond.

This book aims to illustrate the impact of COVID-19 on the global aviation industry and its many facets and disruptive innovations this crisis is bringing to the industry, triggering a new phase of development for air transportation. As a result, there has been increased attention on the green aviation industry using new sustainable fuels (including hydrogen). The aviation industry is also moving towards operating electric aircraft. The book emphasizes a new concept of air travel and an entirely new type of aircraft called eVTOL, which is to say - electric Vertical take-off and landing aircraft. This new reality is already taking place with the development of prototypes. However, the road to its implementation is full of challenges.The later part of the book focuses on how China has opened doors to the private aviation sector as the country foresees an enormous opportunity to push its internal economy and aviation industry further.

The Routledge Handbook of Transport Economics offers the first state of the art overview of the discipline of transport economics as it stands today, reflective of key research and policy. Transport is an important area of study and one which is problem rich, stimulating a great deal of debate in areas which impact on everyday lives. Much of this focuses on the practicalities of the modern-day phenomenon of mass movement and all of the issues which surround it. The discipline of economics is central to this debate, and consequently the study and application of transport economics has a chief role to play in seeking to address subjects relating to major transport issues. It can be argued that at the very heart of any transport issue or problem lies the underlying economics of the situation - understand that and you alleviate the problem. Featuring contributions from world-leading scholars and practitioners from across the globe, all of the chapters within this book are written from a practical perspective; theory is applied and developed using real-world examples. The book examines concepts, issues, ideas and practicalities of transport provision in five key topic areas: public transport public transport reform economic development and transport modelling transport and the environment freight transport. A real strength of the book is in linking theory to practice, and hence the 'economics' that are examined in this text are not the economics of the abstract, but rather the economics of everyday living. Practical and insightful, this volume is an essential reference for any student or researcher working in all areas of transport provision, ranging from planning, appraisal, regulation and freight; and for all practitioners looking to develop their professional knowledge and who are seeking professional accreditation.

The story of the Royal Aircraft Factory at Farnborough, forerunner of the World’s premier aeronautical research establishment wherein were designed a diversity of aircraft including many of those that equipped the RFC, RNAS and RAF during the First World War. Originally established to build observation balloons for the Victorian British Army, the Factory later expanded to employ over 3500 people by mid-1916, at which time it became the subject of a political controversy that ended in a judicial enquiry. In 1918 its title was changed to the Royal Aircraft Establishment, not only to avoid a clash of initials with the newly formed Royal Air Force but to better define its changing role. Each of the many designs for airships and aeroplanes that were produced by the Factory between 1908 and 1918 is described in detail, illustrated by photographs, and with three-view drawings provided for the more prominent designs.

The number of airplane flights worldwide continues to grow and is one of the many drivers of climate change. This book examines the aviation industry from an anthropological perspective, focusing on the sector's environmental impact and the challenges facing attempts to shift to more sustainable solutions. Hans Baer outlines how airplanes have become a key component of modern cultural and social life, and how the world system has become increasingly dependent on them to function. He critically examines current efforts to mitigate the climatic impact of the air travel and argues for a significant move away from air transport, suggesting that such a shift may only be achieved through a more fundamental change in the world system.

Human error is now the main cause of aircraft accidents. However, in many cases the pilot simply falls into a trap that has been left for him/her by the poor design of the flight deck. This book addresses the human factors issues pertinent to the design of modern flight decks. Comprising of invited chapters from internationally recognised experts in human factors and flight deck design, contributions span the world of industry, government research establishments and academia. The book brings together the practical experience of professionals across the human factors and flight deck design disciplines to provide a single, all-encompassing volume. Divided into two main parts, part one of the book examines: the benefits of human engineering; flight deck design process; head down display design; head-up display design; auditory warning systems; flight control systems, control inceptors and aircraft handling qualities; flight deck automation; and human-computer interaction on the flight deck and anthropometrics for flight deck design. Part two is concerned with flight deck evaluation - the human factors evaluation of flight decks; human factors in flight test and the regulatory viewpoint Of interest to all human factors professionals operating in high technology, high-risk dynamic industries as well as those engaged directly in aerospace activities, the book will also be of key importance to engineers with an interest in human factors for flight deck design, academics and third year and post-graduate human factors/ergonomics and psychology students.

The number of airplane flights worldwide continues to grow and is one of the many drivers of climate change. This book examines the aviation industry from an anthropological perspective, focusing on the sector's environmental impact and the challenges facing attempts to shift to more sustainable solutions. Hans Baer outlines how airplanes have become a key component of modern cultural and social life, and how the world system has become increasingly dependent on them to function. He critically examines current efforts to mitigate the climatic impact of the air travel and argues for a significant move away from air transport, suggesting that such a shift may only be achieved through a more fundamental change in the world system.

This book provides indispensable knowledge for practitioners in aircraft financing. It presents an innovative framework that treats valuation analysis as a systematic effort in problem-solving directed at rational financial decision-making. It incorporates much of the modern approach to financial investment decision-making. It proposes essential tools of flexibility, adaptability, and commonality of aircraft financial analyses that apply to an almost infinite variety of valuation problem situations. Once these connections have been introduced, the reader will be equipped with an understanding of the underlying concepts of aircraft valuation processes and techniques and the subsequent financing alternatives available to fund aircraft assets. This is an essential book for airline professionals, aircraft leasing companies, consultants, bankers, government officials, and students of aircraft finance. It is an approachable resource for those without a formal background in finance.

The history of Japanese aviation offers countless stories of heroic achievements and dismal failures, passionate enthusiasm and sheer terror, brilliant ideas and fatally flawed strategies. In Wings for the Rising Sun, scholar and former airline pilot Jurgen Melzer connects the intense drama of flight with a global history of international cooperation, competition, and conflict. He details how Japanese strategists, diplomats, and industrialists skillfully exploited a series of major geopolitical changes to expand Japanese airpower and develop a domestic aviation industry. At the same time, the military and media orchestrated air shows, transcontinental goodwill flights, and press campaigns to stir popular interest in the national aviation project. Melzer analyzes the French, British, German, and American influence on Japan's aviation, revealing in unprecedented detail how Japanese aeronautical experts absorbed foreign technologies at breathtaking speed. Yet they also designed and built boldly original flying machines that, in many respects, surpassed those of their mentors. Wings for the Rising Sun compellingly links Japan's aeronautical advancement with public mobilization, international relations, and the transnational flow of people and ideas, offering a fresh perspective on modern Japanese history.

The Routledge Companion to Air Transport Management provides a comprehensive, up-to-date review of air transport management research and literature. This exciting new handbook provides a unique repository of current knowledge and critical debate with an international focus, considering both developed and emerging markets, and covering key sectors of the air transport industry. The companion consists of 25 chapters that are written by 39 leading researchers, scholars and industry experts based at universities, research institutes, and air transport companies and organisations in 12 different countries in Africa, Asia-Pacific, Europe and North America to provide a definitive, trustworthy resource. The international team of contributors have proven experience of research and publication in their specialist areas, and contribute to this companion by drawing upon research published mainly in academic, industry and government sources. This seminal companion is a vital resource for researchers, scholars and students of air transport management. It is organised into three parts: current state of the air transport sectors (Part I); application of management disciplines to airlines and airports (Part II); and key selected themes (Part III).

Gatwick's very first jetliner touched down on 16 November 1958, and over the next fifty years the airport grew to become Britain's second busiest airport, as well as the busiest single-runway airport in the world. Classic Gatwick Jetliners is the much-awaited follow-up to Classic Gatwick Propliners, with over 200 colour images alongside comprehensive captions that describe the early jetliner visits through to the bustling years of the late 1980s. Featuring such iconic liners as the de Havilland Comet, the Boeing 707 and the 747 'Jumbo Jet', this is an enthusiastic and fond tribute to the most colourful period of Gatwick's aviation history.

As commercial flight is changing dramatically and its future remains unclear, a look at how we got here Grounded: Perpetual Flight . . . and Then the Pandemic considers the time leading up to the COVID-19 pandemic and the ensuing global plummet in commercial flight. Mobility studies scholar Christopher Schaberg tours the newly opened airport terminal outside of New Orleans (MSY) in late 2019, and goes on to survey the broad cultural landscape of empty airports and grounded planes in the early months of the novel coronavirus's spread in 2020. The book culminates in a reflection on the future of air travel: what may unfold, and what parts of commercial flight are almost certainly relics of the past. Grounded blends journalistic reportage with cultural theory and philosophical inquiry in order to offer graspable insights as well as a stinging critique of contemporary air travel.