Alpha
The asset over which we usually exercise the least amount of control is _______. We use this asset to research, to plan, to react, to produce
Time
What single factor separates personal and business aviation?
PURPOSE
What method of on-demand aviation is most cost effective if your company intends to fly less than 100 hours per year?
Charter
This option involves an entity leasing an aircraft to another person in exchange for equal time, when needed, on that person’s aircraft.
Interchange
What was my job before teaching at FIT? What company did I work for?
Airport Planner at AVCON
What specific event in 1927 served as a watershed moment for all aviation, including providing a basis for corporate aviation as we know it today?
Lindbergh's transatlantic crossing
This type of transportation should be available "when requested or needed"
On-demand air transportation
What does LOS stand for in this class?
Level of Service
this method is when a company owns/leases aircraft and manages all operations (scheduling, crewing, maintenance, administration); maximum control; popular for corporate aviation.
In-house flight department
The company's personality (aggressiveness, risk behavior, employee relations, communication style, formality) significantly influences its approach to business aviation.
This is known as a companies what?
Corporate Culture
This type of analysis includes examining airline travel records from the past year. Can be obtained from travel agent or company travel department
city-pair analysis
Operating costs such as crew benefits/salaries, hangar leases, or other costs that accrue whether the aircraft flies or not are known as?
Fixed costs/expenses
In this arrangement, a company essentially leases an aircraft, with flight crew, to another person for the cost of operating the aircraft for that flight. The real advantage of this method is that it is not considered to be a commercial venture in the United States and other countries and therefore is not subject to air charter regulations.
Time share
A large-scale joint-ownership operation where an owner buys into a fleet of similar aircraft, with guaranteed availability
What on-demand aviation method of ownership is this?
Fractional
The pioneering fractional ownership program introduced by Executive Jets Aviation in 1986.
NetJets
Approximately how many airports can be accessed by business aircraft in the US?
4,500-5,500
Investments in long-term assets that provide future economic benefits are known as what?
Ex: cost of aircraft, upgrades such as winglets
Capital Expenditure (CapEx)
These are the broad-brush plans for coming events within a company. While lacking in detail, they provide a sense of direction for the company.
Ex: new products/services, strengths and weaknesses, resource availability
Strategic Plans
This is the entry level of on-demand air transportation; in many cases, a businessperson or individual discovers the advantages of on-demand air transportation through others and either learns to fly or uses an already qualified employee to fly an aircraft and manage its operation
Owner/employee flown
What type of lease is the following:
user receives many benefits of ownership while keeping associated financing costs off the balance sheet
Synthetic Lease
According to the International Civil Aviation Organization (ICAO), all civil aviation operations are divided into which 3 categories?
Commercial air transport, General aviation, and Aerial work
Non-scheduled Commercial Air Transportation is made up of what 3 elements?
Cargo
Business
Personal
Which 3 elements are MOST desired by users of on-demand air transportation providers
Safety
Service
Value
List 3 reasons a company might choose on-demand air transportation over other means of travel (airlines/car/etc)
save time
increased productivity
need to be face to face
maximized personal safety/security/confidentiality
reliable scheduling
minimizing nonbusiness hours away from home
reduced fatigue
What 3 elements should an air transportation analysis include?
1. Historical airline and on-demand travel data
2. Future planned travel based on strategic goals
3. Potential solutions balancing cost and convenience