Product Description

The purpose of this book is to provide, as far as possible, a broad understanding of all areas of airline finance. It is intended to be suitable for both those in the industry without any financial background and newcomers to the industry who may have some knowledge of finance.

Product Details

• Amazon Sales Rank: #2412116 in Books
• Published on: 2002-07
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 240 pages

About the Author
Dr Peter S. Morrell is Director of Research in the Department of Air Transport, College of Aeronautics, Cranfield University, UK. He is currently European Editor of the Journal of Air Transport Management, and has a doctorate from Cranfield University and graduate degrees from the University of Cambridge, UK and Massachusetts Institute of Technology, USA. He has advised governments, airlines, airports and investment banks on aviation over the past 35 years. He has also lectured on airline economics and finance to universities and institutions around the world including Embry-Riddle Aeronautical University in the US, Instituto Aviacao Civil, Brazil, Ecole National de L'Aviation Civile (ENAC), France, the Universities of Westminster and Loughborough in the UK, Danube University, Austria, Chang Jung University, Taiwan, University of New South Wales, and is currently visiting lecturer to the Polytechnic University in Hong Kong.

Customer Reviews

A great outline for a book yet to be written
This book concentrates too much on accounting at the expense of economics. It also gives short shrift to some of the most important concepts in airline finance today, including EETCs (enhanced equipment trust certificates). It's not bad when it comes to discussing the difference in national accounting systems, but a better source for that is Airline Business magazine's study "Mind the GAAP". Morrell's book is pretty rudimentary when it considers things like buy vs leases analyses.

Airline finance can get reasonably involved, with all sorts of tax issues. This book barely scrapes the surface of the topic. Morrell is clearly not a practioner.

Time flies too fast
Basically the Book is good in terminology, genearal formula and methodology etc. The problems are (obviously) actual data. Major of them are coming from years 2003 - 2005. Can they be compared with those today (especially fuel) ? But different cost results completely changed the industry (just from the last week monitoring : XL, Alitalia . . . . , SAS, ... Brussels airlines). I do not wish to blame the author, just to recall everybody how fast time flies .... and how difficult is to be "in" with updated (completed) data in airline business. Solution can be online, elearning etc. Is Amazon thinking about such solution ? With kind regards Bohuslav

Haven't decided yet
For students of Air Transport this book is not worth the paper it is written on. It does not deal with crucial elements - where on earth is buy vs. lease? It is vague on all issues and as a result it is impossible to gain any significant depth of knowledge on any of the topics. It is also littered with numerous mistakes and the text seems to be lacking confidence and assurance.

On the other hand, if I pass my finance exam, it has been an invaluable and worthwhile source.