AVIATION FINANCE - 2022/3
Module code: MANM333
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 Management
Module Leader
ITANI Nadine (Hosp & Tour)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 115
Lecture Hours: 24
Seminar Hours: 11
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
| Assessment type | Unit of assessment | Weighting |
|---|---|---|
| Coursework | INDIVIDUAL ASSIGNMENT (3000 WORDS) | 100 |
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.
Thus, the summative assessment for this module consists of:
- The individual assignment: students are assessed based on their understanding of relevant financial ratios and modelling techniques and their application in the air transport industry. Students are also examined based on critically reviewing the literature, theories and techniques related to aviation finance. This report has a target length of 3000 words.
Formative feedback
- A session is dedicated for assignment briefing, where 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.
Summative feedback
- 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.
- Marking will be undertaken electronically and returned to students within standard time limit.
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
| Attributes Developed | ||
| 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 |
Attributes Developed
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
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 12 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
| Programme | Semester | Classification | Qualifying conditions |
|---|---|---|---|
| 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 2022/3 academic year.