Corporate aviation requires a sizable financial investment in corporate aircraft, facilities and operations. Managers responsible for these resources are often challenged to show a return on invested capital, operating flexibly and efficiency. They must manage small teams with a diversity of responsibilities. Managing the Corporate Aviation Function emphasizes the management skills vital to executives and managers responsible for the corporate aircraft function.
Gain insight into:
- Speak the language of finance.
- Understand a company's annual report and basic financial statements.
- Analyze the business case for corporate aviation.
- Make an informed capital budgeting business case for new aircraft.
- Develop a successful fleet business case for a turboprop airplane, a jet airplane and a helicopter using net present value.
- Analyze various cost allocation techniques.
- Develop various charge-back methods to allocate operating costs to users.
- Analyze alternative financing methods.
- Understand chartering, leasing, fractional ownership and outright purchase of the equipment to provide the flight hours required by the business.
Organizational and Behavior Difficulties
- Manage interpersonal relations.
- Overcome behavioral challenges.