Aviation Investment

Economic Appraisal for Airports, Air Traffic Management, Airlines and Aeronautics

Doramas Jorge-Calderón (Autor)

Buch | Hardcover

276 Seiten

2020 | 2nd edition
Routledge (Verlag)
978-1-138-03663-5 (ISBN)

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Aviation Investment uniquely addresses investment appraisal methods across the key industries that make up the aviation sector, including the airports, air traffic management, airline and aircraft manufacturing – or aeronautic – industries. This practice-oriented book presents methods through realistic case studies. It covers both economic appraisal, or cost-benefit analysis, measuring the value of projects to society, and financial appraisal, valuing projects as cash generators.

This substantially expanded second edition covers in greater detail the treatment of environmental emissions, paying particular attention to climate change. It addresses the treatment of Market-Based Mechanisms (MBMs), including cap and trade systems like ETS and offset systems like CORSIA, and compares them to environmental taxes. It also addresses the adjustments needed to measure the foreign exchange generating value of projects, relevant in the presence of trade barriers. The new edition includes two new project types. One is airport relocations, perhaps the most complex type of airport projects, where the economic case is often more nuanced than may be apparent. The second is the re-introduction of supersonic travel.

Aviation Investment offers all aviation sub-sectors a single-source reference, bringing together the theoretical background of the economic appraisal literature and aviation investment in practice. It is written in a style that is accessible to non-academic professionals, using formulae only where strictly necessary to enable practical applications, and benefits from the substantial practical experience of the author.

Doramas Jorge-Calderón is an economist at the European Investment Bank, the EU project financing bank, based in Luxembourg. He appraises investment projects mostly in the aviation sector in Europe and in countries throughout the world with which the EU has development cooperation agreements. He was previously with economic consultants NERA in London working on regulatory and competition projects. He holds a PhD in transport economics from the University of Leeds and has written a number of papers in academic journals on air transport economics and investment appraisal.

Chapter 1. Introduction. Chapter 2. Identifying Benefits. Chapter 3. The Basic Framework. Chapter 4. Airports. Chapter 5. Air Traffic Management. Chapter 6. Airlines. Chapter 7. Aeronautics. Chapter 8. Concluding Remarks.

Erscheinungsdatum	15.01.2021
Zusatzinfo	32 Tables, black and white; 20 Line drawings, black and white
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	453 g
Themenwelt	Technik ► Fahrzeugbau / Schiffbau
	Technik ► Luft- / Raumfahrttechnik
	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	1-138-03663-3 / 1138036633
ISBN-13	978-1-138-03663-5 / 9781138036635
Zustand	Neuware