AVIATION FINANCE - 2017/8

Module code: MANM333

Module provider

Hospitality & Tourism Management

Module Leader

LEI Z Dr (Hosp & Tour)

Number of Credits

15

ECT Credits

7.5

Framework

FHEQ Level 7

JACs code

N853

Module cap (Maximum number of students)

N/A

Module Availability

Semester 2

Overall student workload

Independent Study Hours: 117

Lecture Hours: 39

Assessment pattern

Assessment type Unit of assessment Weighting
Coursework INDIVIDUAL ASSIGNMENT (2000 WORDS) 50
Examination 2 HOUR CLOSED BOOK EXAM 50

Alternative Assessment

Not applicable

Prerequisites / Co-requisites

None.

Module overview

Provide students with an understanding of how financial concepts are integrated and applied to decision making in the air transport industry.

Module aims

To provide students with fundamental knowledge of financial tools and financial modelling techniques relevant to airline management

To equip students with necessary knowledge to evaluate the decisions of buying vs. leasing aircraft

To provide students with a solid understanding of airport finance with particular focus on airport financing methods

Learning outcomes

Attributes Developed
Assess the financial performance of airlines and airports; KCT
Construct an airline's financial plan given an understanding of airline financial management; KCT
Evaluate the alternative ways of financing an airline and its operating assets; KCP
Analyse the relationships between airline financial management and the underlying economic drivers of the airline business; KCT
Understand key issues in airport finance and airport financing methods; KPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Module content

Indicative content includes:


Airline finance

Airline revenue analysis
Airline cost analysis
Airline balance sheet,asset statement and cash flow statement analysis
Airline financing analysis


Aircraft financing & Leasing

aircraft residual value analysis
aircraft financing methods
aircraft leasing methods


Airport finance

Airport revenue analysis
Airport cost analysis
Airport financing methods



Methods of Teaching / Learning

The teaching and learning strategy is designed to provide a framework of contemporary knowledge and theories supported by examples from industry. The current issues and debates will be highlighted so that the students are able to apply critical thinking to the literature. The teaching and learning methods are based on a series of lectures and, where appropriate case studies and guest lectures.

The learning and teaching methods include:


Lectures (2 hours x 11 sessions)
Seminars and/or class discussion (1 hours x 11 sessions)

Assessment Strategy

The assessment strategy is aimed at giving students the opportunity to gradually build up their knowledge and understanding of aviation finance and is designed to allow students to evidence their achievement of the learning outcomes. The assessment comprises an individual assignment and a group presentation.

Thus, the summative assessment for this module consists of:


As part of the first assessment component (i.e., the individual assignment), students are examined based on critically reviewing the literature, theories and techniques related to aviation finance. This report has a target length of 2000 words.
For the second assessment (i.e., the closed book exam) students are assessed of their understanding of relevant financial ratios and modelling techniques and their application in the air transport industry.


Formative feedback


During the first seminar, the assignments and the feedback process is explained
Feedback is also provided during and after in-class discussions
An assignment workshop will be arranged for students.  As part of the formative feedback, students are provided with good and bad practice examples and in group discussion will discuss the key components of good reports and less good reports
After submission, students are provided with initial feedback on what went well and not so well, hence outlining key learning issues deriving from the assignment
Once marking is completed, students are able to access a report online which contains detailed generic feedback as well as a breakdown of marks. This enables students to assess their own performance compared to their peer students.


Summative feedback


For the first assessment, students receive written feedback together with their returned reports. Apart from comments on the scripts, a formal sheet outlines students’ strengths, areas for improvements and suggestions on how to improve students’ performance for other assignments.
A post-assignment feedback session is designed to help students to fully understand the feedback given, which is particularly important at this stage as the report is one of the first assignments that students submit.


Marking will be undertaken electronically and returned to students within students.

Reading list

Reading list for AVIATION FINANCE : http://aspire.surrey.ac.uk/modules/manm333

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Air Transport Management MSc 2 Compulsory A weighted aggregate mark of 50% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2017/8 academic year.