Aviation Regulatory Agencies
The FAA stands for?
Federal Aviation Administration
Where does an airport make a majority of its profit?
Rental Cars
What's probably the worst thing a manager can be bad at?
Communication
What is market research?
this is the process of understanding and finding trends in the market as well as the underlying factors that cause these trends
Passengers lose about 1/3 of their taste buds while eating during the flight. Why?
because of the high altitude, less air, the sense of smell drops and smell impacts taste.
NTSB is? and what do they do?
National Transportation Safety Board, this organization investigates every civil aviation accident in the U.S. and significant accidents in other modes of transportation.
What's a good way to be able to afford anything in Aviation?
Budgeting
What's a good rule to follow when delegating tasks to others?
The 80/20 rule
What are the steps in the marketing process?
1. Identifying Customer needs
2.Purchasing/producing good or services
3.Determining a price point
4.Prospecting
5.Promotion
6. Selling
Ever noticed the tiny hole in all the passenger windows? what's it for?
This helps regulate cabin pressure
When was the TSA established?Why?
2001, after the 9/11 attacks
Other than the terminal and major airlines what other ways could you get on a plane at a airport?
Charter companies, which would be at a FBO
What's the definition of management?
Getting things done through others
Name a big fractional aircraft ownership company
Net Jets
What do some airline manufacturers do to simulate a bird strike on the engine?
The Chicken Gun!, they literally shoot dead chickens into the engine
Which agency does all the others report to?
The NTSB
How much does a student pay for flight training for PPL-CFI on average?
75-100 thousand dollars
4 Basic functions of management are?
Planning, Organizing, Directing and Coordinating, Controlling
What is an event that negatively affects the aviation industry?
Terrorism
What's the highest price ever paid for an airline ticket?
$123,000, by a Australian millionaire on a flight from Singapore to Sydney in 2007.
What can the FAA not do?
mmm... they can basically do whatever they want.
How does the airline make most of their money?
from first class, and business
How often does a manager get interrupted on average?
every 8 mins
Three basic methods for pricing
Cost Based, Demand Based, Price Based
In 1987 what did American Airlines do to save $40,000 annually?
They removed 1 olive from the first class passengers salad