What sound does a rubber airplane make?
What document should you create when "setting the scene" for on-demand air transportation within your company? Hint: it provides guidelines and support for managers/support personnel/ and passenger
Aircraft Use Policy
__________ comes from the realization that the job being performed is essential and adds value
motivation
The decreasing value of a capital asset is recognized over its life as a fixed
expense and is called?
Depreciation
Pilot/Crew Salaries, Insurance, hangar rentals, and depreciation are all what type of costs?
Fixed
SIFL
Standard Industry Fare Level
What are four elements that should be addressed in a simple Aircraft Use Policy?
HOW the A/C is to be used
WHO can use it
HOW it is scheduled
Operating restrictions
Special Cases
the financial expression of the department's short-term
goals, providing the detailed resources necessary to turn abstract plans into reality.
Budget
Give two types of basic financial processes
Planning
Budgeting
Recording
Controlling/tracking
Justifying
A
separate budget for
purchasing major, long-
term assets that create or
enhance value, such as
aircraft, hangars, or
significant equipment
upgrades
Capital budget
KPI
Key Performance Indicators
What are the two "E's" that are improved upon within a company when using on-demand air transportation?
Efficiency
Effectiveness
A control system required to compare expenses to estimates is known as what type of reporting?
"_____ do the right things; ______ do things right"
Leaders; Managers
Effective ________ can channel personnel efforts into an efficient team
that provide high-quality services for the company
leadership
SMS
Safety Management Systems
List three required details that should be submitted to an aircraft scheduler when submitting a schedule request?
Dates
Itinerary
Pax manifest
Purpose
A/C desired
Special Reqs
Ground transportation needs
Pilot judgement, Efficiency, interpersonal skills, communication skills, and resourcefulness may be factors rated in a what?
performance evaluation
When large variances occur or new items are requested, a
budget ________ statement is often required
justification
Facts that have been collated, analyzed, and presented are known as?
Information
IS-BAO
International Standard for Business Aircraft Operations
An internal charge levied on the user of a corporate
aircraft, used in an attempt to recover all or a portion of the cost of air transportation services from a corporate user
Chargeback
What are they four SMS Components?
Safety Policy
Safety Risk Management
Safety Assurance
Safety Promotion
Focuses on achieving the desired strategic outcome -
whether the right things are being done to meet business goals
Effectiveness in business aviation
What is the formula for an hourly chargeback rate?
Hourly rate =
Total Fixed Cost + Total annual Variable cost divided by Projected annual flying hours
CFBAA
Central Florida Business Aviation Association