Doramas Jorge-Calderón

Aviation Investment

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

• Broschiertes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: Routledge / Taylor & Francis
• 2. Aufl.
• Seitenzahl: 300
• Erscheinungstermin: 1. April 2021
• Englisch
• Abmessung: 234mm x 156mm x 16mm
• Gewicht: 453g
• ISBN-13: 9780367680930
• ISBN-10: 0367680939
• Artikelnr.: 69893082

Autorenporträt

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.

Inhaltsangabe

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.

Rezensionen

'There are many manuals and cookbooks for the evaluation of investments but surprisingly not one focusing on Aviation. Doramas Jorge-Calderón has made an impressive attempt to fill this gap. The book will be the natural reference guide for those evaluating aviation investments. In addition, the book will be useful for those teaching courses in applied welfare economics at universities and business schools.' Per-Olov Johansson, Stockholm School of Economics, Sweden 'This is an excellent book on aviation investment. The book is soundly and clearly written by an author with a thorough theoretical background and deep knowledge of the aviation industry. I have learned and enjoyed reading this book and highly recommend it to anyone interested in the aviation industry or in investment evaluation.' Ginés de Rus, University of Las Palmas de Gran Canaria and University Carlos III de Madrid, Spain