AER 114 Aviation Management

Lecture: 3 Lab: 0 Clinic: 0 Credits: 3

This course covers operation of a flight department on a cost-effective basis and analysis of profit and loss statements. Topics include flight operations costs, aircraft acquisition analysis and cost comparisons, costs versus revenue, and break-even points. Upon completion, students should be able to calculate cost of flight operations and apply monthly and annual budget analysis.

Course is typically offered in Spring.
Student Learning Outcomes (SLOs)
At successful completion of the course, the student should be able to do the following:

Assess the contribution that General Aviation has made to the economy.
Evaluate the four major areas of investigation in a business aircraft travel analysis.
Determine the principal services provided by an FBO.
Characterize internal and external customers.
Differentiate the purchase of a new versus used aircraft.
Depict differences between balance sheet, income statement, and ratio analysis including examples of each.