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Author: Great Britain. Parliament House of Commons. Transport, Local Government and the Regions Committee
Publisher:
ISBN: 9780215004871
Category :
Languages : en
Pages : 82
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Book Description
National Air Traffic Services (NATS) was part privatised by a public-private partnership (PPP) in July 2001. The Committee's report examines the financial difficulties facing NATS amid concerns about their possible impact on the safe and efficient operation of UK air traffic services, and in particular it looks at the financial structure of the company created by the PPP. It also considers NATs' applications to the Civil Aviation Authority to revise the Eurocontrol Charge Control, as well at its new business plan. The Committee concludes that the Government failed to take sufficient account of the potential difficulties the financial structure created by the PPP would have on the viability of the company in the event of a downside demand shock. Although the reduction in international air transport caused by the September 11 terrorist attacks was more severe than previous downturns, it should have been considered within NATS contingency planning, and should have been assessed as part of the due diligence during the PPP sale process. The Committee finds that the PPP deal is inappropriate for NATS, and alternative funding models considered before terminal damage is done to the UK's aviation industry and vital national interests.
Author: Great Britain. Parliament House of Commons. Transport, Local Government and the Regions Committee
Publisher:
ISBN: 9780215004871
Category :
Languages : en
Pages : 82
Get Book Here
Book Description
National Air Traffic Services (NATS) was part privatised by a public-private partnership (PPP) in July 2001. The Committee's report examines the financial difficulties facing NATS amid concerns about their possible impact on the safe and efficient operation of UK air traffic services, and in particular it looks at the financial structure of the company created by the PPP. It also considers NATs' applications to the Civil Aviation Authority to revise the Eurocontrol Charge Control, as well at its new business plan. The Committee concludes that the Government failed to take sufficient account of the potential difficulties the financial structure created by the PPP would have on the viability of the company in the event of a downside demand shock. Although the reduction in international air transport caused by the September 11 terrorist attacks was more severe than previous downturns, it should have been considered within NATS contingency planning, and should have been assessed as part of the due diligence during the PPP sale process. The Committee finds that the PPP deal is inappropriate for NATS, and alternative funding models considered before terminal damage is done to the UK's aviation industry and vital national interests.
Author: David Leonard Lewis
Publisher:
ISBN:
Category : Aids to air navigation
Languages : en
Pages : 120
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Book Description
Author: Great Britain. National Audit Office
Publisher:
ISBN: 9780102926743
Category : Aeronautics and state
Languages : en
Pages : 38
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Book Description
The NAO's July 2002 report (HCP 1096, session 2001-02; ISBN 0102917450) concluded that the Public Private Partnership (PPP) which was due to take over the running of air traffic control in the UK (NATS), contained many positive elements, but the financial position of the company needed strengthening. This new NAO report concludes that the refinancing of the PPP, completed in 2003, has put the company on a much more robust financial footing, enabling it to make further vital investment to expand the capacity of air traffic control meet future growth and limit delays to flights. It includes future scenarios for ATC in Britain, for instance, the effects on air traffic of international events (e.g. wars) and trends (e.g. rates of air proximity incidents).
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Air traffic control
Languages : en
Pages : 32
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 300
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Book Description
Author: Bernice Steinhardt (au)
Publisher: DIANE Publishing
ISBN: 9781422307113
Category : Transportation
Languages : en
Pages : 62
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Book Description
Author: United States. Office of Management and Budget
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 1276
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Book Description
Author: Bijan Vasigh
Publisher: Routledge
ISBN: 1317802489
Category : Business & Economics
Languages : en
Pages : 802
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Book Description
In recent years the airline industry has experienced severe volatility in earnings, with airlines recording periods of substantial profits that are closely followed by periods of financial distress. This trend has continued into the new millennium, with numerous examples of airlines across the globe entering bankruptcy protection or liquidating. The text provides an introduction to both the basics of finance and the particular intricacies of airline finance where there can be significant fluctuations in both revenues and costs. This new edition also includes: capital budgeting management of current assets financial risk analysis fuel hedging aircraft leasing This textbook contains chapters that cover unique aspects of the aviation financial decision-making process. These include a rigorous and structured presentation of the buy versus lease decision that is prevalent in the industry, a valuation process for aviation assets, the recent trend toward privatization and the difficulty inherent in the valuation of a publicly-owned or semi-publicly owned asset. The Foundations of Airline Finance, now in its second edition, is an introductory text that can be used either as a general financial text or in a specialized class that deals with aviation finance in particular.
Author: Gerald Dillingham (au)
Publisher: DIANE Publishing
ISBN: 9781422300602
Category : Transportation
Languages : en
Pages : 48
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Book Description
In 1981, the FAA began a program to modernize the air traffic control (ATC) system by replacing aging equipment & accommodating predicted growth in air traffic. It has had difficulty for more than two decades in meeting cost, schedule, & performance targets. The performance-based Air Traffic Org. (ATO) was created in 2004 to improve the management of the modernization effort. In Oct. 2004, a panel discussed the factors that have affected FAA's ability to acquire new ATC systems. They identified steps that FAA's ATO could take in the short term to address these factors, as well as longer term steps that could be taken to improve the modernization program's chances of success & help the ATO achieve its mission.
