AVIATION FINANCE - 2018/9
Module code: MANM333
Provide students with an understanding of how financial concepts are integrated and applied to decision making in the air transport industry.
Hospitality, Tourism & Events Management
O'CONNELL John (Hosp & Tour)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
JACs code: N853
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
Indicative content includes:
Airline revenue analysis
Airline cost analysis
Airline balance sheet,asset statement and cash flow statement analysis
Airline financing analysis
Aircraft financing & Leasing
aircraft residual value analysis
aircraft financing methods
aircraft leasing methods
Airport revenue analysis
Airport cost analysis
Airport financing methods
|Assessment type||Unit of assessment||Weighting|
|Coursework||INDIVIDUAL ASSIGNMENT (2000 WORDS)||50|
|Examination||2 HOUR CLOSED BOOK EXAM||50|
The assessment strategy is aimed at giving students the opportunity to gradually build up their knowledge and understanding of aviation finance and is designed to allow students to evidence their achievement of the learning outcomes. The assessment comprises an individual assignment and a group presentation.
Thus, the summative assessment for this module consists of:
As part of the first assessment component (i.e., the individual assignment), students are examined based on critically reviewing the literature, theories and techniques related to aviation finance. This report has a target length of 2000 words.
For the second assessment (i.e., the closed book exam) students are assessed of their understanding of relevant financial ratios and modelling techniques and their application in the air transport industry.
During the first seminar, the assignments and the feedback process is explained
Feedback is also provided during and after in-class discussions
An assignment workshop will be arranged for students. As part of the formative feedback, students are provided with good and bad practice examples and in group discussion will discuss the key components of good reports and less good reports
After submission, students are provided with initial feedback on what went well and not so well, hence outlining key learning issues deriving from the assignment
Once marking is completed, students are able to access a report online which contains detailed generic feedback as well as a breakdown of marks. This enables students to assess their own performance compared to their peer students.
For the first assessment, students receive written feedback together with their returned reports. Apart from comments on the scripts, a formal sheet outlines students’ strengths, areas for improvements and suggestions on how to improve students’ performance for other assignments.
A post-assignment feedback session is designed to help students to fully understand the feedback given, which is particularly important at this stage as the report is one of the first assignments that students submit.
Marking will be undertaken electronically and returned to students within students.
- To provide students with fundamental knowledge of financial tools and financial modelling techniques relevant to airline management
- To equip students with necessary knowledge to evaluate the decisions of buying vs. leasing aircraft
- To provide students with a solid understanding of airport finance with particular focus on airport financing methods
|1||Assess the financial performance of airlines and airports;||KCT|
|2||Construct an airline's financial plan given an understanding of airline financial management;||KCT|
|3||Evaluate the alternative ways of financing an airline and its operating assets;||KCP|
|4||Analyse the relationships between airline financial management and the underlying economic drivers of the airline business;||KCT|
|5||Understand key issues in airport finance and airport financing methods;||KPT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Overall student workload
Independent Study Hours: 117
Lecture Hours: 33
Methods of Teaching / Learning
The teaching and learning strategy is designed to provide a framework of contemporary knowledge and theories supported by examples from industry. The current issues and debates will be highlighted so that the students are able to apply critical thinking to the literature. The teaching and learning methods are based on a series of lectures and, where appropriate case studies and guest lectures.
The learning and teaching methods include:
Lectures (2 hours x 11 sessions)
Seminars and/or class discussion (1 hours x 11 sessions)
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Reading list for AVIATION FINANCE : http://aspire.surrey.ac.uk/modules/manm333
Programmes this module appears in
|Air Transport Management MSc||2||Compulsory||A weighted aggregate mark of 50% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2018/9 academic year.