Personal Aircraft Business at Airports - 1st Edition - ISBN: 9780080187426, 9781483187495

Personal Aircraft Business at Airports

1st Edition

Authors: Lynn L. Bollinger Arthur H. Tully
eBook ISBN: 9781483187495
Imprint: Pergamon
Published Date: 1st January 1948
Page Count: 362
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Description

Personal Aircraft Business at Airports is part of a program of aviation research that has been under way at the Harvard Business School. This book particularly reports personal flying activities. This text is divided into three parts; the first of which discusses the aviation business, including its and its product’s essential characteristics. In this part, the effects of World War I and government controls on the business are tackled. This book also explains the genesis and nature of the fixed-base operator, which is followed by a discussion on financing and management of fixed-base operations. The public ownership of airports is then examined in the latter part of the book. This book will be invaluable to those in aviation business, research, or both.

Table of Contents


Introduction

Part I. The Essential Characteristics of the Business and Its Product

I. The Basic Problem - The Product

Trend in Demand

Product Inadequacies

Safety and Its Influence

Product Appeals

Success of Product in Various Areas

Location of Landing Areas

Possibilities for Product Improvement

II. The Continuing Influence of War and Its Aftermath

Effect of World War I Surplus Disposal

Interim Progress

Aftermath of World War II

III. The Regulatory Environment

Effect of Government Controls

Impediments to Progress

Changes Needed

A Suggestion

IV. The Genesis and Nature of the Fixed-base Operator

Development of the Business

Present Day Operations

Part II. Financing and Management of Fixed-base 0perations

V. The Characteristic Financial Position

Current Position

Capital Structure

Interests and Responsibilities of Outsiders

VI. Determination of Capital Requirements

Estimate of Revenue

Example of Estimate of 1947 Revenue for an Operation

Assets Needed

Example of an Operator's Capital Structure

Practical Difficulties

Objectives of Proprietor

Investors Point of View

VII. Capital Required for Operational Assets

"Normal" Proportion of Assets

Variations from the Norm

Capital Requirements for New Operations

Proprietorship Investment Required

Landing Area Cost

Flexibility

VIII. The Profitability of Fixed-base Operations

Earning Power

Experience during 1946 and 1947

Effect of Size

Location

Managerial Skill

Profitability of Component Activities

Return to the Investor

IX. Problems of Expansion and Sales Promotion

Integration of Capacities and Activities

Specialization V. Diversification

Indications of Managerial Balance

Relative Opportunity

Customer Motives

Promotion

Selection of Product Line

X. Operational and Shop Control

Operating Statements for Control

Data Needed

Costs and Control

Control of Flight Activity

Shop Control

Inventory Control

Part III. Fixed-base Operations at Publicly Owned Airports

XI. The Trend to Public Ownership of Airports

Objectives of Public Ownership

Community Benefits

Financial Objectives

Factors of "Prudent Investment" in Airports

XII. Relation of Airport Investment to Annual User Charges

Capital Costs as Basis for User Charges

An Example of Dollar Investment

Area Requirements

Value of Paved Runways

Local Airport Costs

Total Annual User Charges

XIII. Methods of Charging for Landing Area Use

User Charges under Prevailing Lease

Methods of Charging for Airport Use

Determining Rates for Landing Area Use

Departmental Method of User Charges

XIV. Ground Rents and Rental of Hangars

Ground Rents

Rental of Publicly Owned Hangars and Building

Depreciation

Maintenance Costs and Taxes

Fair Return on Municipal Investment

Special Types of Rentals

Effect of Rentals on Revenues

XV. Public Airport Leases and Administrative Organization

Duration of Leases

A Flexible Type of Long-term Lease

Exclusive Operating Privileges

Delegation of Responsibility for Administration

Selection of Airport Managers

Administrative Agencies for Public Airports

Appendix A. Selected Factors Affecting Use of Personal Aircraft

appendix B. Proportion of Typical Large Airport Needed for Personal Flying

Appendix C. Depreciation Charges by Municipalities and Facilities Provided by the Federal Government

Appendix D. Commonwealth of Massachusetts - Excerpt from General Laws: Chapter 90 as Amended through Legislative Session of 1947 re Airport Commissions

Index

Details

No. of pages:
362
Language:
English
Copyright:
© Pergamon 2048
Published:
Imprint:
Pergamon
eBook ISBN:
9781483187495

About the Author

Lynn L. Bollinger

Arthur H. Tully