Risk Management Bachelor Essay Example | Topics and Well Written Essays - 2750 words

Risk Management Bachelor - Essay exemplification( europiuman Airline industry-strategies for the new Millenium-sky Tech Solutions accessed from the website www.skytechsolutions.com and Global Market Forecast, The future of flying, 2006-2025, (2006), November, Accessed from the website www.airbus.com). Now it has been evident that aviation foodstuff in atomic number 63 has been increasing especially for low-cost carriers and therefore our airlines voluptuous Star ordain be started as soon as possible to take the advantage of booming air travel market. The proposed airlines dark-skinned Star is willing to start operations from Vienna (Austria), whose location is more central to east Europe and have the potential to cover Baltic nations (Estonia, Latvia & Lithuania), Poland, Czech & Slovakia, Hungary, Italy, Croatia, Germany etc. The next important fact that creative activity partners of the Airlines argon from three nationalities and around 45 years of age with 15 years of exper ience in managing an airlines which will prove successful in the long run. A nonher important fact that airline is jump with 10 same size/carrying capacity and most probably the same type of planes. It becomes easy to negociate / upkeep the same type of plans for pilots and other staffs. It any reduce turnaround time and reduce sustentation expenses and training costs. An important fact in starting Blue star is that it is leasing those airports and concentrating on those destinations which atomic number 18 not expensive due to their landing fee or heavy traffic and where national carriers make aspiration more intense. The most important fact that airlines proposed that its starting capital of $ 100 million consists of only 50% from borrowing in which bank borrowing/short term is only $ 25 million and breathe 25% is through long-term bonds. By adopting this method, airline ensures that instant debt-service has to be kept at minimum. These are the above five important facts, whic h Blue star kept in its mind to start with and will prove to be successful in the long run.The next important step is to choose the get-go 10 destinations, where the passengers flow is maximum and risk of bad weather security or political stability is at minimum. In Europe Most of the airlines are trying to operate in the east. Due to integrating of Europe, Vienna is the place / hub for most of the airlines in central Europe joining West Europe and Eastern Europe. The Baltic nations, Russia, Ukraine and Belarus are the new found destinations where low-cost airlines trying to reach out. Most of the passengers from Western Europe are (Businessman) moving in the Eastern Europe market exploring new opportunities where as persons living in Eastern Europe moving Western Europe to find new job oppourtunities. So Blue star has to choose its all the ten destinations keeping in mind the passengers availability. Three Baltic nations are at first place. They have to start with three airports namely Parnu in the Estonia, Liepaja in Latvia and Kaunas in Lithuania. In choosing the three airports we had not taken the respective countries main airports i.e. Tallinum, Riga and vilnius due to airline indemnity to lease those airports have low leasing costs and potential competition from major carriers as well as more waiting time.