Aviation Business Operations
What does FBO stand for?
Fixed-Base Operator.
What agency regulates aviation in the U.S.?
FAA
What is a major challenge in hiring for aviation?
High turnover.
What is an airline’s biggest expense?
Fuel.
Who runs an airport’s daily operations?
Airport manager.
What is a primary source of revenue for an FBO?
Fuel sales, hangar rentals, aircraft maintenance, and pilot services.
What is Part 135?
Rules for charter and commuter flights.
What is Crew Resource Management (CRM)?
Training to improve teamwork and communication.
What does RASM measure?
Revenue per available seat mile.
What is a Part 139 airport?
A commercial airport certified by the FAA.
Why do some companies lease aircraft instead of buying?
Lower costs, flexibility, tax benefits.
What does the NTSB do?
To investigate aviation accidents and recommend safety improvements.
What rule limits pilot duty hours?
FAR Part 117.
What is depreciation?
Loss of value in assets over time.
What is an airport master plan?
A long-term development plan.
What is the purpose of an airline operations center?
Manages flights, crews, and maintenance.
What is an SMS?
Safety Management System.
How do aviation companies keep employees?
Pay, benefits, training, and work environment.
What does CASM measure?
Cost per available seat mile.
What does NOTAM stand for?
Notice to Air Men.
How do airlines set ticket prices?
Demand, season, and seat availability.
What is strict liability?
Holding a manufacturer responsible for defects, even without proving fault.
What do aviation unions do?
Negotiate wages and working conditions.
What is a financial risk for aviation businesses?
Fuel price changes.
What is one environmental issue airports face?
Noise pollution.