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 ne
