AVIATION FINANCE - 2020/1

Module Overview

Provide students with an understanding of how financial concepts are integrated and applied to decision making in the air transport industry.

Module provider

Hospitality, Tourism & Events Management

Module Leader

O'CONNELL Frankie (Hosp & Tour)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 7

Module cap (Maximum number of students): N/A

Module Availability

Semester 2

Prerequisites / Co-requisites

None.

Module content

Indicative content includes:

• Airline finance
  
  
  
  • 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 finance
  
  
  
  • Airport revenue analysis
  
  
  • Airport cost analysis
  
  
  • Airport financing methods
  
  
  
  

Assessment pattern

Alternative Assessment

Not applicable

Assessment Strategy

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.

Module aims

• 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

Learning outcomes

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

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: MANM333

Programmes this module appears in

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 2020/1 academic year.