Aviation Investment: Economic Appraisal for Airports, Air Traffic Management, Airlines and Aeronautics

Aviation Investment is a practice-oriented book that presents investment appraisal methods across the aviation sector, including airports, air traffic management, airline, and aircraft manufacturing industries. It covers economic appraisal, financial appraisal, and environmental emissions, and addresses market-based mechanisms and foreign exchange generating value. The second edition includes two new project types: airport relocations and supersonic travel. It is written in a style accessible to non-academic professionals and benefits from the author's practical experience.

Format: Hardback
Length: 276 pages
Publication date: 29 December 2020
Publisher: Taylor & Francis Ltd

Aviation Investment is a comprehensive guide that delves into the diverse range of investment appraisal methods employed across the aviation sector, encompassing key industries such as airports, air traffic management, airline and aircraft manufacturing, also known as the aeronautic industries. This practice-oriented book presents practical methodologies through realistic case studies, covering both economic appraisal, which assesses the societal value of projects, and financial appraisal, which evaluates projects' cash generation potential.

In this extensively revised and expanded second edition, the authors have dedicated greater attention to the treatment of environmental emissions, particularly in the context of climate change. The book addresses the use of Market-Based Mechanisms (MBMs), including cap and trade systems like the European Emissions Trading System (ETS) and offset systems like the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), and compares them to environmental taxes. It also explores the adjustments required to measure the foreign exchange generating value of projects, particularly in the presence of trade barriers.

To enhance the practicality of the content, the new edition introduces two additional project types. One is airport relocations, which are considered one of the most complex types of airport projects due to their intricate economic considerations. The second is the re-introduction of supersonic travel, a topic that has garnered renewed interest in recent years.

Aviation Investment serves as a valuable resource for all aviation sub-sectors, providing a comprehensive and single-source reference that combines the theoretical foundations of economic appraisal literature with the practical aspects of aviation investment. Written in a user-friendly style, the book employs formulae only when necessary to facilitate practical applications, benefiting from the author's extensive practical experience in the field. Whether you are an investor, policymaker, or industry professional, this book offers valuable insights and methodologies to navigate the complex world of aviation investment.

Weight: 588g
Dimension: 160 x 241 x 24 (mm)
ISBN-13: 9781138036635
Edition number: 2 New edition