Business Plan for New Airline
HausAir
Mission Statement
HausAir fixed base operation will provide the highest quality of flight instruction and comfortable charter services to the public; without compromising an ounce of safety, at a price lower than the competition.
Human Resources/ Management Functions
Breakdown of initial staff to begin at HausAir.
(1) Manager/Owner Jason Bushouse
(1) Assistant Manager Jeff Doyle
(5) Receptionist/Clerical Jason Henderson (Full Time)
Julie Vanek (Full Time)
Roseanne Francis (Full Time)
Pamela Laurie (Full Time)
Art Wegner (Part Time)
(6) Flight Instructors (Chief) Adam MacDonald (Full Time)
Brent Ivey (Full Time)
Janessa Luncford (Full Time)
James Bushouse (Full Time)
Ron Hallaux (Full Time)
Randy Renolds (Full Time)
(4) Pilot (Chief) Jason Bushouse
Tim Dolenz
Trevor Blackmer
Dwayne Clemmens
(4) Mechanics (Chief) Greg Radd (IA; Full Time)
Lee Coss (A&P; Full Time)
Joan Laukner (A&P; Full Time)
Miguel Sanchez (A&P; Full Time)
(4) Line Attendents Josh Hodny (Full Time)
Mara Kennelly (Full Time)
Brett Carlson (Part Time)
Tommy Snellings (Part Time)
(1) Sales Personnel Mike Campea
FBO Organizational Chart
Flight Office Service Finance Sales
Job Description: Flight Instructor
The HausAir flight instructors will follow some basic guidelines. They will be responsible for:
- Student training for appropriate licenses
- Maintaining proficiency in maneuvers
- Proficiency required flight knowledge
- Proficiency instructional techniques
- Promoting a positive image of general aviation
- Perform duties assigned by chief pilot
- Maintaining safe and professional habits
The position requires a minimum commercial multi-engine land instrument airplane and CFI certificate and those without a CFII will be expected to obtain the certificate within 6 months of start date. Instructors must be able to train a student from wherever their current ability level is to proficiency to the practical test standards for the certificate desired. Instructors will be required to follow HausAir flight training syllabus unless there is prior approval from the chief flight instructor. Instructors will be expected to give biannual flight reviews, checkouts to customers planning to rent aircraft an...
... middle of paper ...
...n income of $5480 with a profit of 2200 a month.
Fuel will be stored and fueled by the fuel truck. Line service will fuel all incoming aircraft, regardless of size.
Supplies
HausAir will carry a wide selection of supplies and keep current with charts, approach plates, books and other aviation publications. We can make between 40-60% profit but will charge what competitors like sportys pilot shop charge. We will match their price and work prices around that range.
Insurance
Insurance is an important protection for this FBO. Due to the high amount of risk involved in aviation it will be important to hold monthly safety meetings, and have rotating safety officer schedule that will change every day. There are many different kinds of insurance that we must purchase.
Some of the insurance coverage that is required:
Aircraft hull
Aircraft liability
Passenger liability
Hangar liability
Product liability
Fire and Natural disaster coverage
Auto full coverage
Comprehensive public liability
Bibliography
http://www.airplane.com/be58.htm
Richardson, Rodwell, & Baty (1995) Essentials of Aviation Management. Dubuque, IA: Kendall/Hunt Publishing Company.
The pros of an airline implementing a policy that bigger customers need to buy a second seat is that the weight capacity regulations will be followed to. As well as the cons of an airline implementing a policy that larger customers need to buy a second seat would result in a bigger people who travelling will not uses that airlines anymore, airlines would be glowered on by family or relatives of larger customers, airline’s policies could be vigorously monitored for discriminatory actions against overweight persons. As mentioned in the book there are no federal laws prohibiting discrimination against obese individual, although there are some places such as Wisconsin, DC, and California provide legal protection. (Harvey & Allard , 2012, p. 234)
In a high competitive world market and with the increasing rational buyers a company can only win by creating and delivering the best customer value than the others competitors do. To succeed, a company needs to use the concepts of value chain.
The Earth was created roughly four point six billion years ago and since modern technology, is thought to have a carrying capacity, a limit that shows how many organisms can thrive under selected conditions. It is obvious that resource use has rapidly increased over the past hundreds of years. Which led to the theory of sustainability, this involves the preservation of resources for future generations. Green living is similar to this as it promotes the conservation and wise use of natural resources. Based on this information, it is very crucial for different governments to be involved and responsible for fostering green practices and sustainable.
According to Wrigley (2014), the company has adopted aggressive dividend policy which tends to enhance the number of investors interested in the actions that bring more resources to the company. In other word, Tesco Plc need resources for the investment in business and retained profit which is one of the cheaper forms of financing. It is examined that company reinvest through shares and distribute the less to shareholders. In the view of Brannen et. al (2013), the dividend policy of the company is a criterion of choice of assets where, many investors may be comfortable with the input money in their accounts. Thus, in accordance with the dividend policy adopted each entity will attract investors that it is pleasing. If investors find stocks that match preferences, equilibrium is reached and the value of the shares is unaffected by dividend policy. In accordance of the annual reports, it is examined that future excess cash must be going to the customers but not in the shareholders pockets. The interim dividend of the company is 75% which means
Air travel has grown in the past decade. Travel grew strongly for both leisure and business purposes. India will have nearly 800 to 1000 airplanes by 2023, it was estimated by Airbus. In spite of growth between 30 to 50 per cent in Indian aviation industry, losses of approximately 2200 crore is estimated for the current year.
... problem are under constant development and analysis, in a hope to avoid these situations. The civilian industry continues to lead in development due to commercialization, with the military not far behind. The only real deficiency in CRM program development seems to be the area of general aviation as described earlier. Until this problem is addressed, there will still be a glaring weakness in the general area of aviation safety. However, with the rate of technology increase and cheaper methods of instruction, we should begin to see this problem addressed in the near future. Until then, aviation will rely on civil commercial aviation the military to continue research and program development for the years to come, hopefully resulting in an increasingly safe method of travel and recreation.
There is no universal theory of the debt-equity choice, and no reason to expect one. In this essay I will critically assess the Pecking Order Theory of capital structure with reference and comparison of publicly listed companies. The pecking order theory says that the firm will borrow, rather than issuing equity, when internal cash flow is not sufficient to fund capital expenditures. This theory explains why firms prefer internal rather than external financing which is due to adverse selection, asymmetry of information, and agency costs (Frank & Goyal, 2003). The trade-off theory comes from the pecking order theory it is an unintentional outcome of companies following the pecking-order theory. This explains that firms strive to achieve an optimal capital structure by using a mixture debt and equity known to act as an advantage leverage. Modigliani and Miller (1958) showed that the decisions firms make when choosing between debt and equity financing has no material effects on the value of the firm or on the cost or availability of capital. They assumed perfect and frictionless capital markets, in which financial innovation would quickly extinguish any deviation from their predicted equilibrium.
Porter stated; “for an airline to succeed in the marketplace, it must have a sustainable competitive advantage” (Porter M. E., 2008). The airline industry is the highest competitive industry, and I believe a sustainable completive advantage is essential to succeed in the future of the aviation industry. The competitive advantages that an airline embrace, needs to be based on the airlines strategy and differentiation to competitors. Emirates displays how it has a strategy and how the airline gets ahead of its competitors through how unique it is.
Dividends are the distribution of profits in the company. It depends on the type of dividend policy made by companies. Dividend policy will affect the behaviours and attitudes of investors towards the company. Many economists or financial experts have constructed different theories to interpret the effects of a dividend policy to the society. But these theories are contestable since they are not tested in the real world. Managers’ decision on determining the size and time of a company’s next dividend payment is also important for both companies and shareholders. They will affect the company to distribute an appropriate amount of dividends in a right time. This essay will discuss whether theories of dividend payment, such as the dividend irrelevance and signalling effects are applicable in the real world. It will then describe some key factors that managers should consider on deciding the time and size of a company’s next dividend payment. Finally, it will conclude with the significance of a company’s decision on dividend payments.
Freshwater in the world makes up only a small portion of water on the planet. While the percentage of water in the world is nearly 70%, only 2.5% is consumable. Even further, only <1% is easily accessible to basic human needs. According to National Geographic, “by 2025, an estimated 1.8 billion people will live in areas plagued by water scarcity, with two-thirds of the world's population living in water-stressed regions as a result of use, growth, and climate change.” With this current trend, water will become more immersed in environmental, economic, political, and social changes. Many of these in later years shall need to be addressed as tension rises:
One fairly simple way that people can immediately contribute to the green movement is by recycling. “Recycling is the process of turning one products useful part or parts into a new product; this is done to conserve on the consumption of resources, energy and space used in landfills.” (Recycling Facts and Benefits) Most household paper, plastic, glass, aluminum, and cardboard products are recyclable. Many towns in the United States offer recycling services that will pick up your recyclables and transport them to a recycling facility. These facilities reuse the materials that the recyclables are made from and make new products. This process saves energy, and conserves resources by reducing the amount of renewable resources that would normally end up in a landfill or in an incinerator. These recycling plants “increase jobs in manufacturing while simultaneously increasing the Unite State’s competitiveness in industry.”(Recycling | Reduce, Reuse, Recycle | US EPA.)
The problem of water scarcity has increasingly spread throughout the world as of yet, The UN reports that within the next half- century up to 7 billion people in 60 countries which is more than the whole present population will face water scarcity (Sawin “Water Scarcity could Overwhelm the Next Generation”). As well the demand for freshwater has tripled over the past 50 years, and is continuing to rise as a result of population growth and economic development. 70% of this demand derives from agriculture which shows the influence of water on food supply globally as well not just drinking water (Sawin “Water Scarcity could overwhelm the Next Generation”). But increasing water use is not just a matter of the greater number of people needing it to drink and eat; it also comes from pollution and misuse of water supplies, by either dumping or runoff of bacteria or chemicals into water. This also “causes other pollutions as well such as soil and air pollution, accelerating wetland damage and human caused global warming” (Smith and Thomassey 25). According to UN report, recent estimates suggest that climate change will account for about 20 percent of the increase in global water scarcity in coming decades.
Freshwater is quite scarce, but it is even scarcer than one might think: about seventy percent of all freshwater is frozen in the icecaps of Antarctica and Greenland and is unavailable to humans. Most of the remainder is present as soil moisture or lies in deep underground aquifers as groundwater. It is not economically feasible to extract this waster for use as drinking water. This leaves less than one percent of the world’s fresh water that is available to humans. It includes the water found in lakes, reservoirs, groundwater that is shallow enough to be tapped at an affordable cost. These freshwater sources are the only sources that are frequently replenished by rain and snowfall, and therefore are renewable. At the current rates of consumption, however, this supply of fresh water will not last. Pollution and contamination of freshwater sources exacerbate the problem, further reducing the amount of freshwater available for human consumption. Something must be done if humans want to even survive in the near future: the lack of clean drinking water is already the number one cause of disease in the world today. The first step is worldwide awareness of the water crisis: governments and the citizens they govern worldwide need to know about this problem and be actively involved in solving this problem.
By showing the world the severity of our need for conservation, we will be able to save the earth and get the most out of our resources. We need to fix this problem before it becomes uncontrollable to the point of having no resources to supply our needs. By reducing our consumption of resources, we will be able to become closer to fixing the problem of global warming, high gasoline prices and pesticide filled meats. The outcome of respecting our world and “going green” will better how we live our lives, our communities and the environment. The concept of “going green” is a necessity for the future because “our children deserve cities as beautiful as they are.
Water is an integral part of not only human beings but all other creatures in the world. We use it every day for different purposes such as domestic, agricultural and industrial. Water has always been a prestigious resource. However, the majority of people do not appraise water’s worth since they do not face water scarcity; whereas, in third world countries it is one of the most serious problems. Nearly 2.4 billion people have a lack of water resources in the world, shows the investigation done by the Pacific Institute, an Oakland, California-based non-profit scientific research group. Moreover, every year this number is growing gradually and more people are suffering (Bloomberg News, 2010). There are certain causes which deteriorate current situation. The most influential reasons are global warming, pollution by human-beings and overpopulation. It is known that India is one of the countries which face water scarcity so this essay will consider the possible ways of solutions of water shortage in India.