scholarly journals External Economic Effects of Air Transport Development due to the Liberalization

2021 ◽  
Vol 23 (3) ◽  
pp. A158-A173
Author(s):  
Oksana Ovsak ◽  
Maryna Vysotsʹka
Keyword(s):  
Strong Dependence ◽  
Economic Effects ◽  
Air Transport ◽  
Transport Sector ◽  
Transport Services ◽  
Air Transport Industry ◽  
Transport Industry ◽  
The Impact ◽  
The Relationship ◽  
Further Development

The paper is devoted to research of the impact of gradual liberalization of aviation market on the country’s air transport industry development and on formation of external economic components of the country's GDP connected to it directly: export and import of air transport services. The study of the relationship between the operation indicators of air transport and formed external economic effects has been conducted using comparative, correlative and regression analysis based on the statistical data of Ukraine, which has its own air transport industry and is on the path of aviation liberalization. A strong dependence of the export of air transport services on the total number of international flights and its passengers was revealed. This determines the feasibility of tracking the external economic effects in the design of changes on directions and means of further development of country's air transport sector.

scholarly journals Digitalization of The Transport Industry in The Context of Globalization of The World Economy

2021 ◽  
Vol 92 ◽  
pp. 05020
Author(s):  
Natalya A. Mashkina ◽  
Elena S. Belyaeva ◽  
Anna S. Obukhova ◽  
Olga V. Belyaeva
Keyword(s):  
Economic Effect ◽  
Digital Technologies ◽  
Value Added ◽  
Transport Sector ◽  
The World ◽  
Transport Industry ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship ◽  
Further Development

Research background: The article reveals the nature and mechanisms of the influence of the digital economy on the development of the transport industry in the world. The prerequisites for researching the problems of digitalization in the transport sector are determined by several factors. Firstly, the use of digital technologies is especially evident in the transport sector. Secondly, it is the efficiency of using the latest technological achievements that determines the competitiveness of transport companies. Purpose of the article: The aim of the study of this topic is to identify the most significant manifestations of the impact of digitalization on the transport sector, trends and the nature of this impact. Methods: The methodology of the work is to use the method of scientific abstraction, analysis of facts and observation of the real existing picture, as well as induction and deduction to determine the relationship of concepts in general to individual cases. The authors of the study identified the key components of the digitalization process of the economy, and identified those that have the greatest impact on the transport sector. The article contains an analysis of the existing experience of transport digitalization, the consequences of this process. Also in this article, the authors made their forecast for the further development of transport digitalization processes. Findings & Value added: The main result of the study was the conclusion that the objective need of the transport industry for new innovative developments is very high. The economic effect, that the introduction of transport sector digital technologies, brings, is obvious and tangible.

scholarly journals Determinants of financial distress in the European air transport industry: The moderating effect of being a flag-carrier

PLoS ONE ◽  
2021 ◽  
Vol 16 (11) ◽  
pp. e0259149
Author(s):  
Yin Shi ◽  
Xiaoni Li
Keyword(s):  
Financial Distress ◽  
Financial Stability ◽  
Negative Influence ◽  
Air Transport ◽  
Transport Sector ◽  
Aviation Industry ◽  
Air Transport Industry ◽  
Low Efficiency ◽  
And Performance ◽  
The Impact

Due to the COVID-induced global collapse in demand for air travel, the year 2020 was a catastrophic one for the aviation industry. A dramatic drop in operating revenues along with continuing fixed expenses drained the cash reserves of airlines, with consequent risks of financial distress and, potentially, even of bankruptcy. Flag-carriers are a special group in the airline business—they are considered to have privileges in terms of the support given by governments while, on the other hand, are often viewed as having low efficiency and performance. This study aims to estimate for European airlines the interaction effect of being a flag-carrier (flagship) with the relationship between leverage, liquidity, profitability, and the degree of financial distress. Findings obtained from analysing 99 European airlines over a period of ten years, indicate that the negative influence of leverage on financial stability is higher in the case of flag carriers (flagship). The impact of liquidity and profitability on financial health is more positive for flagship than for non-flagship carriers. These findings are not limited to contributing to the existing literature, but also have significant practical implications for executives, managers, and policy makers in the European air transport sector.

scholarly journals FORECASTS OF THE AIR TRANSPORT INDUSTRY AFTER THE COVID-19 CRISIS

2020 ◽  
pp. 42-46
Author(s):  
І.-С. Popa ◽  
І. Cetină
Keyword(s):  
European Countries ◽  
Air Transport ◽  
Global Crisis ◽  
Return Policies ◽  
Sustained Growth ◽  
Transport Services ◽  
Global Pandemic ◽  
Air Transport Industry ◽  
Transport Industry ◽  
Services Industry

The air transport services industry is one of the most affected branches of the global crisis industry caused by the new COVID- 19 coronavirus. After a sustained growth in the last decade, this industry came to report declines of almost 50% at the end of the first quarter of 2020. Given that no one can approximate how long the global pandemic will end, it is very difficult to predict how long the air transport services will return to January 2020, as well as how many operators will declare insolvency or how many they will be able to adapt their strategies so that they can make a profit. Part of global airline operators have managed to adapt their activity by operating mainly cargo flights, but even so, a very large part of the fleet remained on the ground. Through this article to followed highlighting the situation in which air transport services are found, almost half a year after the outbreak of the COVID-19 pandemic by highlighting the amounts that some European countries have not received while issuing forecasts on how in which the staged resumption of flights will take place and how the air operators will manage to follow common return policies or will develop their strategies.

scholarly journals The Impact of Deregulation and Liberalization in the Nigerian Air Transport Industry: An Overview

2011 ◽  
Vol 2 (1) ◽  
pp. 50-68
Author(s):  
Adeniyi Olufemi Oluwakoya
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Air Transport ◽  
Aviation Industry ◽  
Infrastructure Development ◽  
Air Transport Industry ◽  
Transport Industry ◽  
External Sources ◽  
And Control ◽  
The Impact

The effect of globalization is fast showing its attendant effects on the Nigerian aviation industry leading to an increase in passengers’ traffic movement in Nigeria’s airports. More importantly, there seems to be a paradigm shift which affects ownership and administration of operation in the Nigerian aviation industry. This study examines among others the impact of deregulation and liberalization in the Nigerian air transport industry; the effects of the latter on operation and control changes that affect operational efficiency in the airline business; and the impacts of liberalization on attracting foreign direct investment and foreign airline participation in the Nigerian aviation industry. The methodology used for this study is documentary research, which entails search of existing published and unpublished documents and databases of stakeholders in the Nigerian aviation industry and external sources with affinity to the sector. The results of this study reveal that an unprecedented growth has been recorded in Nigeria. It includes among others: healthy competition needed for growth and development; increased participation in the industry by foreign airlines; increased foreign direct investment in the airline business and airport infrastructure development.

GPS –An Airline User's View

1995 ◽  
Vol 48 (3) ◽  
pp. 319-334
Author(s):  
Andrew Shand
Keyword(s):  
Air Transport ◽  
Huge Amount ◽  
Air Transport Industry ◽  
Transport Industry ◽  
Near Term ◽  
The Impact ◽  
Multi Mode ◽  
Terminal Area ◽  
Critical Locations

This paper is intended to provide an operator's view of the impact of GPS on the air transport industry. The discussion centres on use of GPS for the en-route, oceanic, terminal area and precision approach phases of flight. In summary the author suggests the following:(i) Inefficient use of airspace is costing the airlines a huge amount of money. However, GPS is not a pre-requisite of a move towards more efficient use of that airspace, although it will be required as part of the eventual CNS/ATM package. In the near term, better usage of current equipment such as IRS and DME, together with the introduction of ADS can provide the required level of accuracy for reduced separation in en-route and oceanic airspace.(ii) There is a real need to provide navigation for non-precision approach worldwide, independent of ground-based infrastructure. This is the area in which GPS can provide the most immediate improvement to safety.(iii) There are still a large number of questions hanging over GPS for precision approach. This leads the author to believe that it will not be capable of replacing ILS for the more critical Cat 2 and 3 applications quickly enough to avoid the loss of these capabilities in some critical locations. For this reason, it is postulated that MLS will be required in Europe, at least. Even if MLS is not required, there will still need to be a means of dealing with the transition away from ILS and for this reason the concept of a multi-mode receiver has been developed.

scholarly journals An Empirical Study of the Socio-Economic Effects of Supporting Flag Carriers: The Case of the Caribbean community (Caricom)

2011 ◽  
Vol 2 (1) ◽  
pp. 1-26
Author(s):  
David Warnock-Smith ◽  
Peter Morrell
Keyword(s):  
Socioeconomic Development ◽  
Relative Size ◽  
Economic Effects ◽  
Air Transport ◽  
Transport Sector ◽  
Direct Impact ◽  
Relative Level ◽  
Relative Contribution ◽  
Transport Services ◽  
Positive Direct

Access to efficient and affordable air transport services is indispensable to economic communities made up of dispersed islands. It is often claimed that the contribution of the sector would be greatly debilitated however without the presence of national or regional flag carriers. A multi-method, net economic impact assessment indicates that the direct impact of the sector in terms of employment and contribution to GDP increases with the presence of local flag carriers. Yet the more significant indirect macroeconomic impacts of the sector, in terms of consumer surpluses, incoming visitor expenditures and business investments are all found to be better facilitated by foreign carriers. The magnitude of impact was primarily determined by exogenous factors namely, relative size of a state’s real GDP, relative contribution of other sectors, relative level of trade dependency and relative level of socioeconomic development, with larger impacts being noted in smaller, poorly diversified islands, chiefly dependent on sustaining a net surplus of air transport facilitated incoming visitor expenditure. Improvements to the performance of the sector are aligned with increases in aggregate incoming demand, thus far better supplied by cheaper, more frequent foreign carrier services providing a higher quality of service to and from the main source markets. Positive direct impact levels in those states with home carriers, low levels of service importing and an inverse relationship between local carrier absence and levels of connectivity show local carriers also play a significant facilitating role in the region’s air transport sector.

The New Employee-Relations Climate in Airlines

ILR Review ◽  
1983 ◽  
Vol 36 (2) ◽  
pp. 167-181 ◽  
Author(s):  
Herbert R. Northrup
Keyword(s):  
International Association ◽  
Air Transport ◽  
Employee Relations ◽  
Union Power ◽  
Air Transport Industry ◽  
Transport Industry ◽  
New Employee ◽  
Recent Developments ◽  
The Impact

This study examines recent developments in the air transport industry and assesses the extent to which deregulation has been a compelling factor of change. Among the problems examined are the entry of nonunion carriers into the market, the flight controllers' strike, the decline of traffic during the recent recession, and particularly the differing union approaches to the industry's problems, as exemplified by those of the Air Line Pilots Association and the International Association of Machinists and Aerospace Workers. The author concludes that the impact of deregulation has been significant and is likely to reduce union power permanently in this industry, but he is not certain that the recent ventures in union-management cooperation will survive the end of the recession and the lifting of competitive restrictions imposed as a result of the flight controllers' strike.

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