scholarly journals Anti-crisis program of airline companies in the conditions of an unstable financial and information environment

2020 ◽  
pp. 93-98
Author(s):  
Nadiia Solovei ◽  
Olena Rybak ◽  
Liudmyla Petrusenko

Purpose. The aim of the article is systematization and analysis of the causes and consequences of bankruptcy of airline companies in the Ukrainian air transport market, and on this basis – creation of a unified anti-crisis program for Ukrainian airlines, which will take into account the peculiarities of the unstable financial and information environment. Methodology of research. Methods of analysis, synthesis, sampling, graphic, etc. are used in the study of the genesis of the aviation sector of Ukraine. The abstract and logical method, methods of theoretical generalization, dialectics and logic are used in order to substantiate the basic provisions of the concept of crisis management. The airline's structural, process, balance and situational approaches as well as the method of expert judgment are used to develop an adapted anti-crisis program for the airline company. Findings. It has been determined that in today's world financial and economic system, crises that aggravate problems in different sectors of the economy are difficult to predict and dynamic phenomenon. The problems of the Ukrainian air carriers have been analysed and the results of the activity of the latter are found to be low, the situation is complicated by the signs of future and consequences of past crises. An adapted anti-crisis program for Ukrainian airline companies is proposed, based on identifying the nature of the destructive factors and choosing the measures that will be appropriate for them. Originality. An adapted anti-crisis program for Ukrainian airline companies has been developed, which, unlike the existing ones, takes into account the peculiarities of the aviation industry and determines measures depending on the level and nature of the destructive factor influencing the activity of the air carrier. Practical value. The proposed adapted anti-crisis program, taking into account these recommendations for application, will allow Ukrainian airline companies to quickly mobilize resources and become accustomed to new conditions of activity, stabilize the main financial and economic indicators, accelerate the speed of response to crisis phenomena. Key words: financial crisis; bankruptcy; anti-crisis management; anti-crisis program; airline company; information environment; extraordinary events.

2017 ◽  
Vol 12 (2) ◽  
Author(s):  
Ivan Mišetić ◽  
Mirko Tatalović ◽  
Andrej Bajić

Objective forecasting of the aviation development dynamics is one of the most sensitive, unpredictable and critical points in the airline management activities. Forecasts and projections of the airline industry are very complex since they include a lot of market micro-macro elements influencing future demand and supply. High depending correlation of the aviation industry with economy growth is followed by the cyclical and seasonal changes on the air transport market. It emphasize the importance of the choice of adequate forecasting method in the projections quantification. Air carriers dominantly use three groups of forecasting methods-qualitative, causal and time series projections. ICAO and IATA forecasts are the most recognized worldwide, followed by the forecasts of aircraft manufacturers. European aviation forecasts use very often Eurocontrol predictions. Croatian air transport market is not covered by the adequate passenger and cargo forecasts. The contribution to the relevant forecasting factors will be supplemented by the selective mathematics modelling. Conclusions of the paper give directions to the activities for better understanding of cohesive and synchronized image of driving forces and constraints on global and regional air transport markets.


2017 ◽  
Vol 8 (2) ◽  
pp. 134-147
Author(s):  
Vaman Bajnath

The worsening state of affairs in the Caribbean Community (Caricom) aviation industry is undeserved. Philosophical blunders perpetuate the foremost regional state air carriers. The Regulatory Authorities lack the leadership zest to drive change. There is urgent need to revisit the 1996 Multilateral Air Service Agreement (MASA) and re-engage Caricom Governments, State Air Carriers, and Regulatory Aviation Authorities to relight the region’s aviation industry vision. Leaders must focus their collective effort towards a viable and dependable air transport industry infrastructure. The leadership miscalculations are causing weighty financial losses while adding to the air network deterioration.


2017 ◽  
Vol 2017 (1) ◽  
pp. 35-44
Author(s):  
Dawid Zadura

Abstract In the review below the author presents a general overview of the selected contemporary legal issues related to the present growth of the aviation industry and the development of aviation technologies. The review is focused on the questions at the intersection of aviation law and personal data protection law. Massive processing of passenger data (Passenger Name Record, PNR) in IT systems is a daily activity for the contemporary aviation industry. Simultaneously, since the mid- 1990s we can observe the rapid growth of personal data protection law as a very new branch of the law. The importance of this new branch of the law for the aviation industry is however still questionable and unclear. This article includes the summary of the author’s own research conducted between 2011 and 2017, in particular his audits in LOT Polish Airlines (June 2011-April 2013) and Lublin Airport (July - September 2013) and the author’s analyses of public information shared by International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), Association of European Airlines (AEA), Civil Aviation Authority (ULC) and (GIODO). The purpose of the author’s research was to determine the applicability of the implementation of technical and organizational measures established by personal data protection law in aviation industry entities.


2012 ◽  
pp. 14-22 ◽  
Author(s):  
А. Богоявленский ◽  
A. Bogoyavlenskiy ◽  
А. Боков ◽  
A. Bokov

In order to implement the provisions of the Federal law No. 102-FZ and the regulations of the state system of ensuring the unity of measurements on the basis of the metrological service in the Federal state unitary Enterprise GosNII GA test laboratory software SI and information and measurement systems (IIS). In terms of software testing, the scope of authority of the laboratory includes algorithms and software (standalone and embedded) MI and IIS used in air transport and in the aviation industry. The article describes the main tasks solved by the laboratory in the process of certification of the SYSTEM software.


2021 ◽  
Vol 15 (1) ◽  
pp. 160-169
Author(s):  
Sarvar Khalikov ◽  
Wei Liu ◽  
Madina Turaeva ◽  
Liliya Achilova

The First President of Uzbekistan, Islam Karimov, continued to isolate the country for many years even after the collapse of the Soviet Union in 1991, which in turn worsened all the strategic sectors in the country, especially the aviation market and tourism industries. However, in the period 2017-2018, the skyrocket in the number of tourists, from 2.69 million to 5.34 million, became possible due to the coming of Shavkat Mirziyoyev to power as the new President. But the lack of air connectivity kept reducing aspiration of traveling from non-CIS countries. To solve the issue, the new President Mirziyoyev’s large-scale policy reforms concerned the air transport sector, too. The main objective of the study is to compare the development of the country under the leadership of various political reforms using the aviation industry of Uzbekistan as an example. To achieve the purposes, the authors examine reciprocal action/influence between airlines, airports and government. In addition, a significant amount of data was collected from Russian-language sources to enrich the content. Even though the paper was written before the COVID-19 pandemic, the authors' research is still important to nudge readers into a new perspective.


Author(s):  
Iryna Novakovska ◽  
Igor Slavin ◽  
Nataliia Ishchenko ◽  
Liliia Skrypnyk

The article analyses peculiarities and specific features of the use of alternative power and fuel capacities during its formation in the sphere of air transport land management. The following elements of the system for producing power-efficient resources comprises have been considered. It substantiates the necessity to involve the concepts of design and use of a modern power-efficient airport infrastructure and its connection with sound and efficient land management. The authors consider the experience of other countries and the perspectives of alternative power and fuel resources – the "green areas". Also It have been established that every new project of an airport or a reconstructed one, shall be focused on meeting the latest standards of minimization of the airport’s impact on the environment and on the reduction of climatic changes, connected with its infrastructure and activities. Within the studies of the experts in the sphere of the aviation industry, and the members of ICAO council, it have been considered the concept of development and use of a modern, power-efficient airport infrastructure. The authors have proposed a modification of the methodological calculation of resource conservation indicators by reducing fossil fuel emissions within the airport and surrounding areas.


2021 ◽  
Vol 27 (10) ◽  
pp. 2282-2313
Author(s):  
Dmitrii V. MANUSHIN

Subject. The article addresses approaches to understanding the economic and macroeconomic crisis. Objectives. The aim is to study and update the concepts of macroeconomic crisis and economic crisis, taking into account modern crisis phenomena and processes, for easier identification and timely anti-crisis measures. Methods. The study draws on the abstract-logical method. Results. The paper clarifies the terms "macroeconomic crisis" and "economic crisis", adds two approaches to the traditional general economic approach to understanding macroeconomic and economic crises, i.e. priority-economic (new approach) and institutional- economic (updated approach). I offer a new systemic grouping of signs of macroeconomic crises and examples that reveal the impact of new signs of these crises on macroeconomics. I formulated a new idea of the unity of intermittent and persistent crisis. Conclusions. The priority-economic approach indicates the priority areas of effort mobilization in the process of crisis management of macroeconomics. The institutional-economic approach broadens the perception of the crises and confirms the need to apply an updated institutional approach to all phenomena and processes studied in macroeconomics.


2020 ◽  
Vol 12 (23) ◽  
pp. 10202
Author(s):  
Jong Hae Choi ◽  
Yong Hwa Park

This study presents a paradigm shift in the air cargo market based on Korea and Incheon Airport’s empirical data. The air cargo market has traditionally handled expensive items and has been a supplier-oriented market. There has been little room for individual customers in this market. However, “value” gradually replaces “price” in this market. The value depending on consumer preferences significantly impact air cargo demand. Consequently, items transported by air cargo are changing, and airlines and other market participants are revising operation policy. Economic growth may be losing its dominant power as the main growth engine in the air cargo market. This study identifies the weakened link between air cargo increase and economic growth based on the Granger causality test. COVID-19 calls for a deeper understanding of the paradigm shift in the market for sustainable air transport because COVID-19 will further stimulate it. In this regard, the air cargo business, which maintains a stable trend even during COVID-19, is seen as a new opportunity for the aviation industry. Since sustainable air transport requires an accurate understanding of the paradigm shift in the air cargo market, this study enhances our knowledge of the paradigm shift and provides significant implications for sustainable air transport.


Author(s):  
Hayley Watson ◽  
Rachel L. Finn

In a relatively new area of research for crisis management, this article presents a discussion of some of the privacy and ethical implications surrounding the use of social media in the event of a crisis. The article uses the travel chaos caused by the eruptions of the Eyjafjallajokull volcano in 2010 to contextualise the analysis. It begins by providing an overview of the use of social media in crisis management, before continuing to present two case studies of the use of social media by members of the public and the aviation industry during the crisis caused by the ash plume. The article then proceeds to examine some select ethical and privacy implications stemming from the use of social media such as privacy infringements and inequality. The article concludes by briefly summarising the findings and considering next steps for future research in this area.


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