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AIR TRANSPORT (WK2) Flashcards

1
Q

Two industries of aviation

A

Aerospace Industry

Air Transportation Industry

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2
Q

They became the world’s largest producer of
civil aircrafts and equipment

A

US FEDERAL GOVERNMENT

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3
Q

Principal developer and producer of defense, space and other government required systems.

A

Aerospace Industry

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4
Q

What/ how much of the Aerospace industry has the US Federal Government bought in the 21st century?

A

2/3 (74%)

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5
Q

Why is the Aerospace industry vital?

A
  • Research and Development
  • Trade Balance
  • Employment
  • Impact on other industries
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6
Q

What industry represents the nation’s largest employers

A

Aerospace Industry

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7
Q

How many workers and jobs are there in the Aerospace Industry?

A

646,000 workers
2 Million US jobs

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8
Q

TRUE OR FALSE: Aviation Industry suppliers do note assemble finish product.

A

TRUE

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9
Q

TRUE OR FALSE: Airplanes are complex and costly to manufacture.

A

TRUE

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10
Q

TRUE OR FALSE: Aircraft manufacturer will use over 10,000 suppliers

A

FALSE: 15,000

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11
Q

What are the important Commodities in manufacturing and Airplane?

A
  • Primary nonferrous metals
  • Radio
  • TV & communications equipment and
    scientific and controlling instruments
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12
Q

Market Segments of the Aerospace Industry

A
  • The Government
  • Civil Aviation
  • General Aviation
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13
Q

MARKET SEGMENTS: Defense Contractors

A

The Government

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14
Q

MARKET SEGMENTS: Dominated by the Department of Defense & National Aeronautics and Space Administration

A

The Government

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15
Q

MARKET SEGMENTS: Approx. $110B Sales in 2013

A

The Government

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16
Q

MARKET SEGMENTS: Principal Product: Air Transport

A

Civil Aviation

17
Q

MARKET SEGMENTS: Internationally Inclined

A

Civil Aviation

18
Q

MARKET SEGMENTS: Civil Aircraft Manufacturers

A

Civil Aviation

19
Q

MARKET SEGMENTS: Deals with Airline Operators

A

Civil Aviation

20
Q

MARKET SEGMENTS: Sales depend on the financial health of the world’s airlines

A

Civil Aviation

21
Q

Factors Affecting Commercial Transport Sales

A
  • Economic Growth
  • Inflation
  • Replacement aircraft
  • Airline profitability
  • Cyclical Industry
  • Future Trends in Airline Transport
22
Q

MARKET SEGMENTS: Manufactures light aircraft and components

A

General Aviation

23
Q

MARKET SEGMENTS:
Light aircrafts and helicopters

A

General Aviation

24
Q

Two industries under the Air Transport Industry

A
  • Certified Air Carriers
  • General Aviation
25
Two Certified Air Carriers
- Commercial Airlines - Common Air Carriers
26
Non- commercial or private use industry
General Aviation
27
Two types of General Aviation
- Business Aviation - Commercial Aviation
28
GENERAL AVIATION: ”Used to conduct businesses”
Business Aviation
29
GENERAL AVIATION: ”People carried for compensation or hire but not as a common carrier”
Commercial Aviation
30
Essentially all civil aviation except that which carried out by the certificated airlines
General Aviation
31
Air Transport's Contribution to the economy
- Aviation employs thousands of people as well as its support industries - Optimization of just-in-time shipping, providing expanded services at lower cost - Helps industries to participate in competition - Provides integrated services air-land-air delivery services
32
Air Transport's contribution to efficient conduct of business:
It is now a part of our way of life. - Speed - Efficiency - Comfort - Safety - Economy Values associated with timeliness: - Less fatigue - Quicker on-the-spot decisions and actions - Expand market areas
33
Speed, Efficiency, Comfort, Safety, and Economy is a symbol of?
modern society and modern air transportation
34
These carriers provide regularly scheduled passenger or cargo service on aircraft predominantly seating fewer than 60 passengers or holding cargo with an 18,000-pound or less payload.
Regional Carriers
35
A typical regional flight operates over a trip distance of ____________and at lower altitudes than flights of the long-haul carriers.
100 to 400 miles
36
regional/commuter airline passengers connect to or from major airlines, saving passengers both time and money, as a result of tight marketing partnerships between regionals and majors known as _________
code sharing

1ST YEAR PRELIM (10 decks)

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