This book presents a selected number of international
aviation-specific cases, with an emphasis being placed on Greece,
as a number of investment opportunities arise and its economy is
recovering from a nine-year turmoil. Aviation has come a long way
since its inceptions and is regarded as the safest mode of
transport; an achievement that has been built on accumulated
experience. The incorporation of redundant systems is aimed at
eliminating potential failure causes. Indeed, the introduction of
sophisticated computers and cutting-edge technology has led to a
decrease in accidents per se. The paper by J.A. Richter though
suggests that the "safety-first" culture spearheaded by air
carriers may be at risk. Market insighters claim that the aviation
sector will continue to grow at a rate around 3% with the
Asia-Pacific area showing the highest increase. The latter may be
in part due to the introduction of policies that are fostering the
role of market forces in the aviation industry. The paper by M. A.
Abdullah et al using stochastic frontier analysis argues that
production inefficiencies have occurred, which may be the outcome
of global competition and suggest that air carriers ought to adjust
to a more competitive international market. In anticipation of a
constant rise in passenger numbers, aircraft manufacturers Boeing
and Airbus have opted for different approaches in terms of meeting
anticipated market demands. In doing so, Airbus introduced the
double-decker A380 aircraft, with Emirates being its main customer
followed by the leading European flag carriers. The marketing of
the A380 has inadvertently affected airport service providers,
Regulatory Bodies and Air carriers. As Greece is at the crossroads
of Europe, Asia and the Middle East, author S. Topouris examines
the possibility of the new Athens International Airport, AIA, to
serve as an A380 scheduled airport. Athens International Airport is
the successor of the former Hellinikon Airport, which terminated
operations on March 28th, 2001, as it had reached its saturation
point. Owing to Greece's geographical particularities and the
numerous scattered islands, aircraft and vessels are the primary
modes of transport showing an increased trend. The study by P.
Meimaris et al, provide preliminary data pertaining to the amount
of emitted greenhouse gases, GHG, from civil aircraft flying within
Hellenic Air Space, HAS. This work equally acknowledges the effect
of wildfires in amplifying the percentage of GHGs within a region.
Greece's geostrategic location amidst the crossroads of Europe,
Asia, Africa and the Middle-East is facilitating a higher amount of
passenger and freight movements to a number of European
metropolises. The cities of Athens and Piraeus act as European
gateways for both air carriers and maritime companies,
respectively. Acknowledging Europe's White Paper on Transport, this
work introduces a bold approach of minimizing greenhouse gases by
turning part of Greece's railway system into a high-speed network,
which is deemed to augment its economy in the long-term. The work
by V. M. Kafasis elaborates on the emerging opportunities in
Greece's aviation industry, resulting from the introduction of Law
4568/2018 pertaining to the licensing, operation and utilization of
waterdromes. The development and operation of seaplanes is expected
to offer a flexible alternative, which, in turn, may foster
inter-connectivity and enhance remote area accessibility, while
improving financial performance indicators. The successive European
Air Liberalisation Acts inadvertently affected a number of European
flag carriers. The 2008 financial crisis that spread across Europe
had a profound impact on Cypriot Economy, in particular during the
(2011-2012) period. Author C. Hailis discusses the effect of the
financial crisis in Cyprus' aviation market, while providing an
insight on Cyprus Airways.
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