The Business of Aviation--Due Monday, March 30th

Throughout the semester we have had several speakers representative of the diverse businesses and business models found in the world of aviation.  Most aviation companies are facing the growing challenge of adapting to a changing market and the changing needs of a potential customer base.  .  Aviation businesses face numerous challenges that range from increased regulations, the addition of security requirements, unpredictable fuel costs, and ever advancing technology.   For this week’s blog, address the following issues.

1. What is the rationale behind the cliché, “How do you make a small fortune in aviation?  Start with a very large fortune.”  What are your thoughts on how this catchy little phrase came about, and why is this phrase increasingly relevant? Use pertinent information from aviation business plans, and examples of failed or struggling aviation business to address this question. 
2. Given the negative nature of question #1, identify some positive business strategies that upstart aviation business may employ.  Identify some successful companies in your discussion.  Why are these companies successful?

This blog is worth 40 points.  Remember to include at least 6 references and comment on at least three other blogs. 

 

Dr. D