LGMT 331 Transportation Principles
3
BUSW 352 Business Quantitative Methods
3
BSAS 350 Aircraft Crash and Emergency Management
3
LGMT 410 Management of Air Cargo
3
MGMT 415 Airline Management
3
MGMT 408 Airport Management
3
MKTG 450 Aviation/Airport Marketing
3
LGMT 411 Logistics Management for Aviation/Aerospace
3
Any Minor Listed Below
18
Electives not used as part of minor
9
ASCI 301 Introduction to Air Traffic Control
3
ASCI 303 Tower and Radar for Air Traffic Control and Management
3
WEAX 301 Aviation Weather
3
ASCI 403 Air Traffic Management
3
ASCI 411 Human Factors in ATM
3
ASCI 426 Airport Management in ATM
3
BSAS 210 Introduction to Aerospace Safety
3
BSAS 330 Aircraft Accident Investigation
3
BSAS 335 Mechanical and Structural Factors in Aviation Safety
3
BSAS 345 Aviation Safety Program Management
3
ASCI 411 Human Factors in ATM
3
UNSY 431 Uncrewed Unmanned Systems Human Factors Considerations
3
HRMD 314 Human Resource Management
3
HRMD 482 Human Resources Training and Development
3
HRMD 483 Compensation and Benefits
3
OBLD 317 Organizational Behavior
3
MGMT 426 International Aviation Management
3
OBLD 427 Management of the Multicultural Workforce
3
ECON 225 Engineering Economics
3
ECON 312 Money and Banking
3
ECON 315 Managerial Economics
3
ECON 411 International Economics
3
ECON 420 Economics of Air Transportation
3
MGMT 426 International Aviation Management
3
* The following modules may be required based on placement examination results in mathematics and English:
The following are the minimum academic requirements for Embry-Riddle Aeronautical University undergraduate applicants:
Students applying from Singapore
Polytechnic Students:
A-Level Students:
Students applying from outside Singapore
Embry-Riddle Aeronautical University requires that all international students meet the university's minimum requirements for admission. These requirements vary from country to country, and each application to Embry-Riddle Aeronautical University is reviewed individually.
International students should visit Singapore's Immigration and Checkpoints Authority (ICA) FAQ website for information on issuing a student pass/student visa. All student pass requirements will be shared with students when an admission decision is made.
Official/Attested copies of the documents listed above should be mailed to ERAU Asia Institute, Office of Admissions, 75 Bukit Timah Road, #02-01 Boon Siew Building, Singapore 229833. Alternatively, students may make an appointment to bring original documents in so that an official copy can be made.
Only upon submission of the documents listed above will the ERAU Asia Institute be able to process your application. If you are ready to apply, begin the application process today.
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Two to three year diploma or certificate programs and graduation certificate from colleges, institutes, professional schools and universities |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Hong Kong Diploma Of Secondary Education (HKDSE) |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Secondary School Certificate (Level X) with Higher Secondary School Certificate (Level XII) | Bachelor of Arts, Science or Commerce |
Secondary School Certificate (Level X) with All India Secondary School Certificate (Level XII) | Diploma in Engineering |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Surat Tanda Tamat Belajar (STTB) from Sekolah Menengah Unum Tingkat Atas (SMA) - Grade12 equivalent | Diploma (D1) - Equivalent to Associate Degree and must be awarded by a recognized college or university |
Surat Tanda Tanat Belajar (STTB) from Sekolah Menengah Unum Tingkat Atas (SMA) and entrance examination. |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Sijil Pelajarn Malaysia (SPM) Certificate of Education with Grade I or II results | Sijil Tinggi Persekolahan Malaysia (STPM) Higher School Certificate |
General Certificate Education | Cambridge GCE Advanced Level |
United Examination Certificate for Independent Chinese Schools in Malaysia(UEC) |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Matriculation Certificate | Institute of Education Certificate, Bachelor’s degrees in Science / B Science with Honours, Technology, Commerce |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
High School Diploma and Academic transcript (Form137A) prior to education system reform of2013 | Associate Degrees CHED accredited |
High School Diploma and Academic Transcript New System, first graduates in2018 (Katibayan)- Grade12 | Post-graduate Diploma consisting of Undergraduate work |
High School transcript and Diploma academic program with vocational track (Katunayan) | Contact us at . |
Diploma or transcript with graduation from full-time Madrasah Thanawi (Muslim Education Institution) | Contact us at . |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Academic High School or vocational high school graduation certificate (Inmungye Kodung Hakkyo) | Junior College Graduation certificate (Chogup Taehak) |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Sri Lankan Certificate of General Education | Advanced Diploma, Higher National Diploma, General Bachelor’s degrees |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Diploma from Senior High School or Senior Vocational High School | Diploma from Junior Colleges, earned 5 years after Jr. Middle School (grade 9) or 3 years after Senior Middle School |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Matayom VI Certificate |
Minimum Entry Requirement(s) | Possible Credit Exemption Requirement(s) |
---|---|
Bằng Tốt nghiệp Trung học Phổ Thông (Graduation Diploma for General Upper Secondary Education- awarded since2003) |
For all documents listed above Embry-Riddle Aeronautical University requires a record of courses/subjects taken and grades / marks earned, examination results and certified certificates, diplomas, degrees with certified English translations.
If you have questions about requirements or exemptions, please email us at [email protected] .
The BSABA degree program is offered in both part-time and full-time options by ERAU Asia Institute.
Intakes occur throughout the year, starting in the July, October, January and April terms. The deadline for application is 60 days before the start of any term. International applications should plan to have all documents submitted 90 days before the start of the term.
Classes are scheduled in three-hour blocks from Monday-Friday between 9 a.m. and 7 p.m. Students can expect classes to meet five days per week. Schedules will vary from term to term depending on the modules being taken. In this full-time program, students must pursue three modules per term and complete the degree program within 48 months 1 . All modules have either a final examination or a final project due in week 9 of the term.
Students can also pursue undergraduate degrees part-time, which is suitable for working professionals looking to take their careers to the next level. Classes are scheduled in three-hour blocks from Monday - Friday during the evenings. Students can expect classes to meet three days per week. Students pursuing the program at a part-time pace will take two modules per term and are expected to complete the degree program within 60 months 1 .
Visit the Academic Calendar page for ERAU Asia Institute. The average teacher-to-student ratio in either full-time or part-time modalities is 1:15.
1 Time required to complete all degree program requirements may be less based on credit exemptions received through prior learning. The average time to complete all degree program requirements for a polytechnic diploma holder is 30 months.
Credit exemptions allow students to be exempted from specific course modules or requirements based on their previous academic achievements or professional experience. These exemptions acknowledge that students have already acquired the necessary knowledge or skills in a particular subject area, allowing them to focus on more advanced or specialized coursework. Credit exemptions involve a thorough evaluation of a student's transcripts, certificates, or other supporting documentation. Embry-Riddle will review these materials to determine if the prior learning or professional experience aligns with the degree requirements the student is pursuing. Credit exemptions are made on a case-by-case basis.
Polytechnic Diploma Holders
Most students holding a polytechnic diploma will receive at least 30 credit exemptions; however, many are eligible for more. The average number of exemptions a polytechnic diploma holder receives at Embry-Riddle is 45 credits.
Embry-Riddle has established articulation agreements with several institutes of higher learning in Singapore and the surrounding region. Visit Polytechnic Credit Exemptions page for an idea of how many exemptions are possible.
IB Diploma / GCE "A" Level Students
Pilots and Aircraft Engineers
Holders of a Pilot License and/or Licensed Aircraft Engineer License (A&P) are eligible for credit exemptions.
The cost of any degree program depends on how many credits a student must take to complete the degree requirements. In addition, ERAU-Asia Institute offers various scholarships and financial assistance options. Visit our Scholarships page for more information.
It is advisable to speak with an enrollment counselor to understand how to calculate the total cost of attendance based on your academic and professional experience. Please get in touch with us at [email protected] or WhatsApp +65 9825 8569 to learn more.
Current fees for the degree program can be found on our tuition page.
Phone +65 6933 9580
Email [email protected]
Address 75 Bukit Timah Road; #02-01/02 Boon Siew Building Singapore, 229833
© ERAU Asia Institute. All Rights Reserved. CPE Registration No. : 201940397D. Period of Registration: 02 Feb 2021 to 01 Feb 2025
Protection Policy | Terms of Use & Accessibility
Flight training aviation companies can work to expand their venture's training services and marketing efforts for owners and pilots with this free, printable business plan.
Sample text from Flight Training Aviation Business Plan:
1.0 Executive Summary
Introduction
COMPANY NAME is seeking funding in order to expand the training services and marketing efforts of a 12-year old airline pilot training service. The firm trains pilots in Boeing 737, Boeing 757/767, Airbus 320, and Boeing 777/787 (proposed offering). The firm has very strong relationships with both the airlines that hire these pilots as well as the FAA, the federal agency that oversees the airline industry. COMPANY NAME is a FAA-approved training company.
COMPANY NAME is located in [CITY], [STATE].
The Organization
The business is a C-CORP and is owned 51/49 by INSERT NAME(S)(a married couple who reside in Seattle, WA).
The firm is a Part 142 Training Center that is certified by the FAA to offer training for pilots who are seeking certifications for:
Boeing 737/300-900 New Generation
Boeing 757/767
Boeing 777/787 (proposed Offering)
The school markets to students interested in becoming pilots and as well as to airlines that are looking to hire pilots. The firm offers training for the Boeing 737 and Boeing 757/767 aircrafts. The firm plans to expand its training by adding certification training in the new Boeing 777/787. COMPANY NAME is located in [CITY], [STATE] and was established in 1994. The firm plans to expand by opening small, 200 offices as well as increasing its marketshare from China, India, Central America, and South America.
Financial Considerations
COMPANY NAME is projecting $549,729 in sales during year 1 and a net profit after taxes of $16,470. COMPANY NAME is requesting $280,000 in grant funding in order to hire the personnel and purchase assets needed to expand the firm's training offerings as well as expand the firm's market presence in the U.S., China, India, Central America, and South America.
The major focus for grant funding is as follows:
1. The firm is minority-owned.
2. Hire employees; the property manager will look to hire veterans, minorities, and the unemployed.
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Start your own aircraft rental instruction business plan
Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">.
Introduction
Lansing Aviation is being formed as a private company offering services to student pilots. Lansing Aviation will offer well-maintained aircraft for individual rental and for flight training. Lansing Aviation will also provide primary and advanced flight instruction through the use of independent flight instructors possessing corporate and airline backgrounds. Lansing Aviation will offer professional aviation consulting for corporate, airline, and individual aviation needs.
The Company
Lansing Aviation, LLC has been created and legally organized as a Michigan Limited Liability Company based in Lansing, Michigan. The principle investors and operators will be responsible for all airplane acquisitions and company decisions.
Lansing Aviation will operate its aircraft out of Capital City Airport (LAN) in Lansing, Michigan. The aircraft records, scheduling, and office will be located at an off-airport location 15 miles north of Capital City Airport.
Lansing Aviation offers services in three primary areas; aircraft rental, flight instruction, and aviation consulting. In order to do so, Lansing Aviation will maintain a Cessna 172 Skyhawk updated with the latest avionics.
Our competitive differences include professionally maintained aircraft, renter/instructor insurance, and our 24-hour scheduling service that will allow greater flexibility of our aircraft flight times.
In the future, Lansing Aviation plans to enhance their aircraft rental position by acquiring complex, high-performance, single and multi-engine aircraft for commercial and airline transport pilot training and rental. We also plan to conduct up-to-the-minute aircraft scheduling through the use of the Internet and an online business website.
The airline pilot shortage has created an immense demand for increased pilot training. The previous aircraft rental company in Lansing ended up needing additional aircraft to meet the increased demands of new students in the area. Mackinac-Great Lakes Airlines Systems is the largest employer in Lansing, with 19,000 employees, and we feel that these employees are aware of the excellent careers held by M-GLAS pilots. We hope this awareness will generate interest in flying. Additionally, many M-GLAS pilots and M-GLAS mechanics fly small airplanes for fun and to transport their families to vacation spots.
There are several students currently flying at Capital City Airport that are unhappy with either the quality of their current instruction or the poorly maintained aircraft they are renting. A flight with our instructors in our well-equipped Cessna 172 Skyhawk will confirm their displeasure with our competition and generate new business for us.
Lansing Aviation will be focusing initially on students interested in obtaining their private pilot certificate. These students will primarily come from word-of-mouth-advertising from our instructors, students, and other contacts at Mackinac-Great Lakes Airlines System (M-GLAS). We will attempt to continue teaching these students through their instrument rating course with us, upon completion of their private pilot package.
Lansing Aviation offers an affordable, professionally-maintained aircraft for rental and flight instruction. We will provide a safe and effective learning situation for our students while adhering to safe practice and to applicable federal and state aviation regulations. Lansing Aviation will provide students with an excellent aircraft for flight training and an aircraft to fly upon successful completion of their training.
Lansing Aviation is a new company that provides aircraft rental for general aviation enthusiasts, flight instruction, and a dependable aircraft to build flight hours. We will focus on aircraft rental for registered pilots and rental for beginning and advanced flight training. Initially we will be marketing our new business with aircraft specifications which include:
2.2 start-up summary.
The start-up costs of Lansing Aviation, LLC include:
These are detailed on the following chart and table.
Start-up | |
Requirements | |
Start-up Expenses | |
Legal — Attorney Fees | $400 |
Office Supplies / Expenses | $200 |
Consultants | $0 |
Aircraft Insurance Down Payment | $925 |
Expensed Equipment | $0 |
Hanger Down Payment + 1st Mo. Rent | $600 |
New ADF Radio | $575 |
Aircraft 10% Down Payment | $3,600 |
MBNA Loan Origination Fee | $250 |
Total Start-up Expenses | $6,550 |
Start-up Assets | |
Cash Required | $300 |
Other Current Assets | $0 |
Long-term Assets | $36,000 |
Total Assets | $36,300 |
Total Requirements | $42,850 |
Start-up Funding | |
Start-up Expenses to Fund | $6,550 |
Start-up Assets to Fund | $36,300 |
Total Funding Required | $42,850 |
Assets | |
Non-cash Assets from Start-up | $36,000 |
Cash Requirements from Start-up | $300 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $300 |
Total Assets | $36,300 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $32,400 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $32,400 |
Capital | |
Planned Investment | |
Michael J. Zorn – president | $10,450 |
Investor | $0 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $10,450 |
Loss at Start-up (Start-up Expenses) | ($6,550) |
Total Capital | $3,900 |
Total Capital and Liabilities | $36,300 |
Total Funding | $42,850 |
Lansing Aviation will operate its aircraft out of Capital City Airport (LAN) in Lansing, Michigan. The aircraft will be hangared on the airport located just north of the I-96 Expressway and Airport Road exit. Students, renters, and instructors will be given full access to the hangar facilities. The aircraft records, scheduling, and office will be located at an off-airport location 15 miles north of Capital City Airport.
Lansing Aviation will provide students, instructors, and pilots with a well-maintained aircraft for individual rental and instruction. Additionally, we will provide professional and accurate aviation consulting.
The competitive differences are:
Lansing Aviation will maintain an updated Cessna 172 Skyhawk.
In the future, Lansing Aviation will enhance their aircraft rental position by acquiring complex, high-performance, single and multi-engine aircraft for commercial and airline transport pilot training and rental.
We also hope to conduct up-to-the-minute aircraft scheduling through the use of the Internet and an online business website.
Lansing Aviation will be focusing initially on students interested in obtaining their private pilot certificate. These students will primarily come from word-of-mouth-advertising from our instructors, students, and other contacts at Mackinac-Great Lakes Airlines System. We will attempt to continue teaching these students through their instrument rating course with us, upon completion of their private pilot package.
We feel that our well-maintained aircraft, combined with our personable and enthusiastic flight instructors, will generate repeat business from our private pilot students returning for their instrument ratings.
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
Curious / Interested Future Pilots | 20% | 15 | 18 | 22 | 26 | 31 | 19.90% |
M-GLAS Pilots, Friends, Neighbors | 30% | 10 | 13 | 17 | 22 | 29 | 30.50% |
Other Schools Unhappy Students | 1% | 1 | 1 | 1 | 1 | 1 | 0.00% |
Other Flights / Misc. Rentals | 15% | 5 | 6 | 7 | 8 | 9 | 15.83% |
Total | 22.58% | 31 | 38 | 47 | 57 | 70 | 22.58% |
We will focus our marketing to prospective students that are looking for fun, qualified instructors and a well-maintained and well-equipped aircraft. The aircraft must fly several hours each month, so we will continuously urge interested students to call our list of qualified instructors. Each prospective pilot that contacts Lansing Aviation for information will be sent a private pilot price sheet with approximate costs and a free 6-month subscription to AOPA Flight Training magazine.
The airline shortage has created an immense demand for increased pilot training. The previous aircraft rental company in Lansing ended up needing additional aircraft to meet the increased demands of new students in the area.
There are rising numbers of students and renters that are looking for a professionally-maintained and well-equipped aircraft for training and renting.
Mackinac-Great Lakes Airlines Systems is the largest employer in Lansing, with 19,000 employees, and we feel that these employees are aware of the excellent careers held by M-GLAS pilots. We hope this awareness will generate interest in flying. Additionally, many M-GLAS pilots and M-GLAS mechanics fly small airplanes for fun and to transport their families to vacation spots.
The rental aircraft in the Lansing area are averaging over 50 hours of revenue flying per month. This indicates a very solid number of new students, additional ratings for current students, and more disposable income being used to obtain the long-time personal dream of obtaining a pilot’s license. Lugnut Flying Aviation, a flight school that ceased operation, was averaging over 70 hours of revenue flying per month and produced a net profit in the first year of operation.
Our consulting will be a very valuable asset to people of the community who are interested in flying or choosing flying as a career. Many parents have questions regarding the “correct” path for their children with regard to a career as a pilot in the airline industry. These would include flight training, colleges and college curricula, and most importantly, costs. Our goal is to advise them of the best possible options to their questions, using our own personal experience.
In the flight instruction business, word-of-mouth advertising and personal marketing are the main reason that students choose one flight school over another. Many students begin flying after coincidentally meeting a certified flight instructor and discussing their dream of flying. Through these discussions, students participate in an introductory flight and decide whether or not they enjoyed the experience and whether or not the training will be affordable.
Occassionally, a student will have a personality conflict with his or her instructor and may choose to try a new instructor. We intend to capitalize on some of these unfortunate conflicts at Capital City Airport and attract their business with our professional, enthusiastic, and qualified instructor group.
Our reputation of maintaining a nice-looking and well-maintained aircraft at an affordable price will be our final and most respected selling medium.
Spartan Wings :
Strengths: They have several different rental aircraft from which to choose, and excellent marketing in the field. Because of an all-female management team and ownership, their exposure to women in aviation is enormous.
Weaknesses: Their flight instructors are only instructing to build flight time in order to obtain an airline or corporate job. Male students have complained of special treatment and training for female students. Aircraft are not well-maintained, and the pilot-product of their school has not been strong.
Wolverine Aviation :
Strengths: They provide competition to Spartan Wings, which gives an alternative for unhappy students at Spartan Wings. They have several rental airplanes to choose from for instruction, and ample room for teaching.
Weaknesses: They have poor community exposure and advertising, poor reputation of flight instructors, and high aircraft rental rates.
There are currently two flight schools operating at Capital City Airport. These schools will be our competition; however, we will not be a “formal” flight school. Lansing Aviation will have several independent flight instructors that will bring in their own students and will work independently from Lansing Aviation, while renting our aircraft. All instructors from the defunct Lugnut Flying Aviation have verbally committed to bringing all of their business to Lansing Aviation upon its acquisition of an aircraft.
5.1 sales forecast.
Our Sales Forecast tables shows our estimated aircraft rental revenue. This monthly breakdown can be seen in the appendix. Estimated operating expenses and other charges are listed in the Profit and Loss table.
Sales Forecast | |||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Sales | |||||
Aircraft Rental | $49,068 | $54,007 | $55,392 | $50,776 | $60,931 |
Other | $0 | $0 | $0 | $0 | $0 |
Total Sales | $49,068 | $54,007 | $55,392 | $50,776 | $60,931 |
Direct Cost of Sales | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
Aircraft Rental | $0 | $0 | $0 | $0 | $0 |
Other | $0 | $0 | $0 | $0 | $0 |
Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 |
Sample Milestones topic text.
The milestones table and chart show the specific detail about actual program activities that should be taking place during the year. Each one has its manager, starting date, ending date, and budget. During the year we will be keeping track of implementation against plan, with reports on the timely completion of these activities as planned.
Milestones | |||||
Milestone | Start Date | End Date | Budget | Manager | Department |
Sample Milestones | 1/4/2008 | 1/4/2008 | $0 | ABC | Department |
Finish Business Plan | 4/29/2009 | 5/29/2009 | $100 | Dude | Boss |
Acquire Financing | 5/9/2009 | 6/28/2009 | $200 | Dudette | Legumers |
Ah HA! Event | 5/19/2009 | 5/24/2009 | $60 | Marianne | Bosses |
Ah Merde Alors! Event | 6/18/2009 | 6/23/2009 | $250 | Marionette | Bouc émissaire |
Grande Opening | 6/28/2009 | 7/3/2009 | $500 | Gloworm | Nobs |
Marketing Program Starts | 5/29/2009 | 6/23/2009 | $1,000 | Glower | Marketeers |
Plan vs. Actual Review | 10/24/2009 | 10/31/2009 | $0 | Galore | Alles |
First Break-even Month | 2/25/2010 | 3/27/2010 | $0 | Bouys | Salers |
Hire Employees | 1/24/2010 | 2/23/2010 | $150 | Gulls | HRM |
Upgrade Business Plan Pro | 4/14/2010 | 4/16/2010 | $100 | Brass | Bossies |
Totals | $2,360 |
The initial organizer of Lansing Aviation, LLC is Michael J. Zorn. In order to maintain legal requirements of an LLC, there is one other member of the company. At the current time, there is only the need for two members in the organizational structure.
Lansing Aviation will rely on the member(s) of the LLC for decision making and financial investing when needed. The ultimate responsibilities of the entire LLC will be given to the member(s).
Lansing Aviation is not departmentalized. The owner and organizer, Michael J. Zorn, is also the CEO, CFO, and planner. All decisions will be based upon the company mission statement.
The collegiate advertising and marketing background, combined with the current airline pilot experience of the CEO, will provide for timely, accurate, and professional decisions.
Lansing Aviation will employ no one. All flight instructors will be independent contractors responsible for their own payroll. The company will not collect any funds from the instructors for their time, but solely from the rental of the company’s aircraft. The owner will be paid a nominal stipend.
Personnel Plan | |||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Owner | $7,833 | $12,000 | $0 | $0 | $0 |
Name or title | $0 | $0 | $0 | $0 | $0 |
Name or title | $0 | $0 | $0 | $0 | $0 |
Other | $0 | $0 | $0 | $0 | $0 |
Total People | 0 | 0 | 0 | 0 | 0 |
Total Payroll | $7,833 | $12,000 | $0 | $0 | $0 |
The financial plan depends on the number of revenue hours flown each month in our aircraft.
The most important assumptions crucial to our success are:
General Assumptions | |||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Plan Month | 1 | 2 | 3 | 4 | 5 |
Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% |
Tax Rate | 28.17% | 28.00% | 28.17% | 28.00% | 28.17% |
Other | 0 | 0 | 0 | 0 | 0 |
Breaking down our monthly fixed costs enables us to calculate how much the aircraft needs to be flown each month to maintain profitability. Our monthly fixed costs include:
The following chart and table summarizes our break-even analysis.
Break-even Analysis | |
Monthly Revenue Break-even | $3,447 |
Assumptions: | |
Average Percent Variable Cost | 0% |
Estimated Monthly Fixed Cost | $3,447 |
With monthly fixed costs of hangar rent, renter and instructor insurance, an engine overhaul fund, aircraft loan, planned maintenance and inspections, and fuel, we can actively market our aircraft to obtain the correct number of students to exceed our expenses while making the aircraft convenient for the students to schedule for training and rental.
A loss is expected for the first few months while a student base is carefully chosen and constructed. We hope to increase our number of flight hours flown each month by 25% until the break-even point is reached. At that time, we will assess the number of students and the number of hours being flown to determine how many more students and renters we want to increase our profits and maintain good aircraft availability.
NOTE: You will notice in the year 2003 that the company is showing a net loss for the year. This is the year that we estimate the aircraft engine will require a factory overhaul. This expense ranges from $13,000 to $20,000, depending on several variables. Therefore, we have chosen to show an overhaul expense of $15,000 for that year. However, this was only shown to demonstrate the effect of not properly saving for the overhaul expense. We have allocated a certain percentage of each flight hour toward the engine overhaul savings fund which will cover all of our expenses, thus, hopefully returning Lansing Aviation to a net profit for 2003.
Pro Forma Profit and Loss | |||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Sales | $49,068 | $54,007 | $55,392 | $50,776 | $60,931 |
Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 |
Other | $0 | $0 | $0 | $0 | $0 |
Total Cost of Sales | $0 | $0 | $0 | $0 | $0 |
Gross Margin | $49,068 | $54,007 | $55,392 | $50,776 | $60,931 |
Gross Margin % | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Expenses | |||||
Payroll | $7,833 | $12,000 | $0 | $0 | $0 |
Sales and Marketing and Other Expenses | $0 | $0 | $0 | $0 | $0 |
Depreciation | $3,300 | $3,600 | $3,600 | $3,600 | $3,600 |
Fixed Operations Costs | $27,530 | $27,530 | $27,530 | $27,530 | $27,530 |
Leased Equipment | $0 | $0 | $0 | $0 | $0 |
Utilities | $0 | $0 | $0 | $0 | $0 |
Insurance | $0 | $0 | $0 | $0 | $0 |
Payroll Taxes | $0 | $0 | $0 | $0 | $0 |
Aircraft Upgrades | $1,500 | $0 | $0 | $0 | $0 |
Mainenance and Repairs | $1,200 | $0 | $0 | $15,000 | $0 |
Total Operating Expenses | $41,363 | $43,130 | $31,130 | $46,130 | $31,130 |
Profit Before Interest and Taxes | $7,705 | $10,877 | $24,262 | $4,646 | $29,801 |
EBITDA | $11,005 | $14,477 | $27,862 | $8,246 | $33,401 |
Interest Expense | $3,188 | $2,791 | $2,413 | $2,035 | $1,657 |
Taxes Incurred | $1,273 | $2,264 | $6,154 | $731 | $7,927 |
Net Profit | $3,244 | $5,822 | $15,695 | $1,880 | $20,217 |
Net Profit/Sales | 6.61% | 10.78% | 28.33% | 3.70% | 33.18% |
The following cash flow projections show the amounts anticipated from the first few months during the student accumulation period through the company’s rental saturation.
Cash flow is critical to our success, for payment of the insurance and aircraft loan payments as well as the fuel costs required to operate and the hangar to house the airplane.
Pro Forma Cash Flow | |||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Cash Received | |||||
Cash from Operations | |||||
Cash Sales | $49,068 | $54,007 | $55,392 | $50,776 | $60,931 |
Subtotal Cash from Operations | $49,068 | $54,007 | $55,392 | $50,776 | $60,931 |
Additional Cash Received | |||||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 | $0 | $0 |
Subtotal Cash Received | $49,068 | $54,007 | $55,392 | $50,776 | $60,931 |
Expenditures | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
Expenditures from Operations | |||||
Cash Spending | $7,833 | $12,000 | $0 | $0 | $0 |
Bill Payments | $31,725 | $32,873 | $35,808 | $44,540 | $37,787 |
Subtotal Spent on Operations | $39,558 | $44,873 | $35,808 | $44,540 | $37,787 |
Additional Cash Spent | |||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $2,600 | $3,780 | $3,780 | $3,780 | $3,780 |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 | $0 | $0 |
Subtotal Cash Spent | $42,158 | $48,653 | $39,588 | $48,320 | $41,567 |
Net Cash Flow | $6,910 | $5,354 | $15,804 | $2,456 | $19,364 |
Cash Balance | $7,210 | $12,564 | $28,367 | $30,823 | $50,188 |
The balance sheet in the following table shows some very important information regarding our short-term and long-term financial goals.
Pro Forma Balance Sheet | |||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Assets | |||||
Current Assets | |||||
Cash | $7,210 | $12,564 | $28,367 | $30,823 | $50,188 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $7,210 | $12,564 | $28,367 | $30,823 | $50,188 |
Long-term Assets | |||||
Long-term Assets | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 |
Accumulated Depreciation | $3,300 | $6,900 | $10,500 | $14,100 | $17,700 |
Total Long-term Assets | $32,700 | $29,100 | $25,500 | $21,900 | $18,300 |
Total Assets | $39,910 | $41,664 | $53,867 | $52,723 | $68,488 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
Current Liabilities | |||||
Accounts Payable | $2,966 | $2,678 | $2,967 | $3,723 | $3,050 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $2,966 | $2,678 | $2,967 | $3,723 | $3,050 |
Long-term Liabilities | $29,800 | $26,020 | $22,240 | $18,460 | $14,680 |
Total Liabilities | $32,766 | $28,698 | $25,207 | $22,183 | $17,730 |
Paid-in Capital | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 |
Retained Earnings | ($6,550) | ($3,306) | $2,515 | $18,210 | $20,090 |
Earnings | $3,244 | $5,822 | $15,695 | $1,880 | $20,217 |
Total Capital | $7,144 | $12,965 | $28,660 | $30,540 | $50,757 |
Total Liabilities and Capital | $39,910 | $41,664 | $53,867 | $52,723 | $68,488 |
Net Worth | $7,144 | $12,965 | $28,660 | $30,540 | $50,757 |
We expect to see flat ratios of profitability during the first year while we build our customer base. We expect these ratios to improve in the second and succeeding years. The following table shows the projected ratios for Lansing Aviation. The Industry Profile comes from Standard Industry Code #8299, Schools and Educational Services.
Ratio Analysis | ||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Industry Profile | |
Sales Growth | 0.00% | 10.07% | 2.56% | -8.33% | 20.00% | 9.50% |
Percent of Total Assets | ||||||
Other Current Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 45.60% |
Total Current Assets | 18.06% | 30.16% | 52.66% | 58.46% | 73.28% | 62.40% |
Long-term Assets | 81.94% | 69.84% | 47.34% | 41.54% | 26.72% | 37.60% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 7.43% | 6.43% | 5.51% | 7.06% | 4.45% | 43.30% |
Long-term Liabilities | 74.67% | 62.45% | 41.29% | 35.01% | 21.43% | 17.30% |
Total Liabilities | 82.10% | 68.88% | 46.79% | 42.07% | 25.89% | 60.60% |
Net Worth | 17.90% | 31.12% | 53.21% | 57.93% | 74.11% | 39.40% |
Percent of Sales | ||||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% |
Selling, General & Administrative Expenses | 81.12% | 75.41% | 73.39% | 102.00% | 72.25% | 73.80% |
Advertising Expenses | 60.14% | 58.82% | 57.35% | 62.57% | 57.35% | 5.00% |
Profit Before Interest and Taxes | 15.70% | 20.14% | 43.80% | 9.15% | 48.91% | 3.20% |
Main Ratios | ||||||
Current | 2.43 | 4.69 | 9.56 | 8.28 | 16.45 | 1.33 |
Quick | 2.43 | 4.69 | 9.56 | 8.28 | 16.45 | 1.11 |
Total Debt to Total Assets | 82.10% | 68.88% | 46.79% | 42.07% | 25.89% | 60.60% |
Pre-tax Return on Net Worth | 63.23% | 62.37% | 76.23% | 8.55% | 55.45% | 5.50% |
Pre-tax Return on Assets | 11.32% | 19.41% | 40.56% | 4.95% | 41.09% | 14.00% |
Additional Ratios | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Net Profit Margin | 6.61% | 10.78% | 28.33% | 3.70% | 33.18% | n.a |
Return on Equity | 45.41% | 44.90% | 54.76% | 6.16% | 39.83% | n.a |
Activity Ratios | ||||||
Accounts Payable Turnover | 11.70 | 12.17 | 12.17 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 32 | 29 | 27 | 33 | n.a |
Total Asset Turnover | 1.23 | 1.30 | 1.03 | 0.96 | 0.89 | n.a |
Debt Ratios | ||||||
Debt to Net Worth | 4.59 | 2.21 | 0.88 | 0.73 | 0.35 | n.a |
Current Liab. to Liab. | 0.09 | 0.09 | 0.12 | 0.17 | 0.17 | n.a |
Liquidity Ratios | ||||||
Net Working Capital | $4,244 | $9,885 | $25,400 | $27,100 | $47,137 | n.a |
Interest Coverage | 2.42 | 3.90 | 10.05 | 2.28 | 17.98 | n.a |
Additional Ratios | ||||||
Assets to Sales | 0.81 | 0.77 | 0.97 | 1.04 | 1.12 | n.a |
Current Debt/Total Assets | 7% | 6% | 6% | 7% | 4% | n.a |
Acid Test | 2.43 | 4.69 | 9.56 | 8.28 | 16.45 | n.a |
Sales/Net Worth | 6.87 | 4.17 | 1.93 | 1.66 | 1.20 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n.a |
Our long-term plan is based primarily on the short-term future of the business. If the aircraft is able to support its expenses, then the future of Lansing Aviation and our long-term goal plan can be successfully accomplished.
Our long-term plan contains the following elements:
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | |||||||||||||
Aircraft Rental | 0% | $693 | $1,500 | $3,000 | $3,750 | $4,500 | $5,625 | $5,625 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Sales | $693 | $1,500 | $3,000 | $3,750 | $4,500 | $5,625 | $5,625 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Aircraft Rental | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Owner | 0% | $0 | $0 | $0 | $0 | $833 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
Name or title | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Name or title | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total People | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Total Payroll | $0 | $0 | $0 | $0 | $833 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
General Assumptions | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Tax Rate | 30.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $693 | $1,500 | $3,000 | $3,750 | $4,500 | $5,625 | $5,625 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | |
Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Gross Margin | $693 | $1,500 | $3,000 | $3,750 | $4,500 | $5,625 | $5,625 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | |
Gross Margin % | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
Expenses | |||||||||||||
Payroll | $0 | $0 | $0 | $0 | $833 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
Sales and Marketing and Other Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Depreciation | $0 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
Fixed Operations Costs | $0 | $1,300 | $2,623 | $2,623 | $2,623 | $2,623 | $2,623 | $2,623 | $2,623 | $2,623 | $2,623 | $2,623 | |
Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Insurance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Payroll Taxes | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Aircraft Upgrades | 15% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500 | $0 | $1,000 | $0 |
Mainenance and Repairs | $0 | $0 | $0 | $200 | $0 | $500 | $0 | $500 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $0 | $1,600 | $2,923 | $3,123 | $3,756 | $4,423 | $3,923 | $4,423 | $4,423 | $3,923 | $4,923 | $3,923 | |
Profit Before Interest and Taxes | $693 | ($100) | $77 | $627 | $744 | $1,202 | $1,702 | $452 | $452 | $952 | ($48) | $952 | |
EBITDA | $693 | $200 | $377 | $927 | $1,044 | $1,502 | $2,002 | $752 | $752 | $1,252 | $252 | $1,252 | |
Interest Expense | $270 | $270 | $270 | $270 | $270 | $270 | $270 | $270 | $265 | $260 | $255 | $248 | |
Taxes Incurred | $127 | ($104) | ($54) | $100 | $133 | $261 | $401 | $51 | $52 | $194 | ($85) | $197 | |
Net Profit | $296 | ($266) | ($139) | $257 | $341 | $671 | $1,031 | $131 | $135 | $498 | ($218) | $507 | |
Net Profit/Sales | 42.73% | -17.76% | -4.63% | 6.85% | 7.58% | 11.93% | 18.33% | 2.69% | 2.76% | 10.22% | -4.48% | 10.39% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $693 | $1,500 | $3,000 | $3,750 | $4,500 | $5,625 | $5,625 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | |
Subtotal Cash from Operations | $693 | $1,500 | $3,000 | $3,750 | $4,500 | $5,625 | $5,625 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $693 | $1,500 | $3,000 | $3,750 | $4,500 | $5,625 | $5,625 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $0 | $0 | $0 | $0 | $833 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
Bill Payments | $13 | $433 | $1,512 | $2,851 | $3,187 | $3,047 | $3,642 | $3,299 | $3,444 | $3,428 | $3,101 | $3,769 | |
Subtotal Spent on Operations | $13 | $433 | $1,512 | $2,851 | $4,020 | $4,047 | $4,642 | $4,299 | $4,444 | $4,428 | $4,101 | $4,769 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $600 | $600 | $600 | $800 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $13 | $433 | $1,512 | $2,851 | $4,020 | $4,047 | $4,642 | $4,299 | $5,044 | $5,028 | $4,701 | $5,569 | |
Net Cash Flow | $680 | $1,067 | $1,488 | $899 | $480 | $1,578 | $983 | $576 | ($169) | ($153) | $174 | ($694) | |
Cash Balance | $980 | $2,047 | $3,535 | $4,434 | $4,914 | $6,492 | $7,475 | $8,051 | $7,883 | $7,729 | $7,904 | $7,210 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $300 | $980 | $2,047 | $3,535 | $4,434 | $4,914 | $6,492 | $7,475 | $8,051 | $7,883 | $7,729 | $7,904 | $7,210 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $300 | $980 | $2,047 | $3,535 | $4,434 | $4,914 | $6,492 | $7,475 | $8,051 | $7,883 | $7,729 | $7,904 | $7,210 |
Long-term Assets | |||||||||||||
Long-term Assets | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 |
Accumulated Depreciation | $0 | $0 | $300 | $600 | $900 | $1,200 | $1,500 | $1,800 | $2,100 | $2,400 | $2,700 | $3,000 | $3,300 |
Total Long-term Assets | $36,000 | $36,000 | $35,700 | $35,400 | $35,100 | $34,800 | $34,500 | $34,200 | $33,900 | $33,600 | $33,300 | $33,000 | $32,700 |
Total Assets | $36,300 | $36,980 | $37,747 | $38,935 | $39,534 | $39,714 | $40,992 | $41,675 | $41,951 | $41,483 | $41,029 | $40,904 | $39,910 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $384 | $1,418 | $2,744 | $3,087 | $2,925 | $3,532 | $3,184 | $3,329 | $3,326 | $2,974 | $3,667 | $2,966 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $0 | $384 | $1,418 | $2,744 | $3,087 | $2,925 | $3,532 | $3,184 | $3,329 | $3,326 | $2,974 | $3,667 | $2,966 |
Long-term Liabilities | $32,400 | $32,400 | $32,400 | $32,400 | $32,400 | $32,400 | $32,400 | $32,400 | $32,400 | $31,800 | $31,200 | $30,600 | $29,800 |
Total Liabilities | $32,400 | $32,784 | $33,818 | $35,144 | $35,487 | $35,325 | $35,932 | $35,584 | $35,729 | $35,126 | $34,174 | $34,267 | $32,766 |
Paid-in Capital | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 |
Retained Earnings | ($6,550) | ($6,550) | ($6,550) | ($6,550) | ($6,550) | ($6,550) | ($6,550) | ($6,550) | ($6,550) | ($6,550) | ($6,550) | ($6,550) | ($6,550) |
Earnings | $0 | $296 | $30 | ($109) | $148 | $489 | $1,160 | $2,191 | $2,322 | $2,457 | $2,955 | $2,737 | $3,244 |
Total Capital | $3,900 | $4,196 | $3,930 | $3,791 | $4,048 | $4,389 | $5,060 | $6,091 | $6,222 | $6,357 | $6,855 | $6,637 | $7,144 |
Total Liabilities and Capital | $36,300 | $36,980 | $37,747 | $38,935 | $39,534 | $39,714 | $40,992 | $41,675 | $41,951 | $41,483 | $41,029 | $40,904 | $39,910 |
Net Worth | $3,900 | $4,196 | $3,930 | $3,791 | $4,048 | $4,389 | $5,060 | $6,091 | $6,222 | $6,357 | $6,855 | $6,637 | $7,144 |
Fill-in-the-blanks and automatic financials make it easy.
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Launching an airline is challenging. Even harder is running it successfully. Starting with a new airline business and progressing to established market players requires ongoing learning and adaptability.
Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro!
Need help writing a business plan for your airline business? You’re at the right place. Our airline business plan template will help you get started.
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Writing an airline business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:
An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.
Here are a few key components to include in your executive summary:
Ensure your executive summary is clear, concise, easy to understand, and jargon-free.
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The business overview section of your business plan offers detailed information about your company. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:
Describe what kind of airline company you run and the name of it. You may specialize in one of the following airline businesses:
This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.
The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.
Here are a few tips for writing the market analysis section of your airline business plan:
The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:
In short, this section of your airline plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.
Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:
Overall, this section of your airline company business plan should focus on customer acquisition and retention.
Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your airline business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.
The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:
Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.
The management team section provides an overview of your airline business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.
This section should describe the key personnel for your airline business, highlighting how you have the perfect team to succeed.
Your financial plan section should summarize your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:
Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.
The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.
Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.
Remember, the appendix section of your airline business plan should only include relevant and important information supporting your plan’s main content.
The Quickest Way to turn a Business Idea into a Business Plan
Fill-in-the-blanks and automatic financials make it easy.
This sample airline business plan will provide an idea for writing a successful airline plan, including all the essential components of your business.
After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our airline business plan pdf .
Frequently asked questions, why do you need an airline business plan.
A business plan is an essential tool for anyone looking to start or run a successful airline business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.
Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your airline company.
There are several ways to get funding for your airline business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:
Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.
There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your airline business plan and outline your vision as you have in your mind.
A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any airline business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .
Market analysis is one of the key components of your business plan that requires deep research and a thorough understanding of your industry. We can categorize the process of writing a good market analysis section into the following steps:
Writing a marketing analysis section can be overwhelming, but using ChatGPT for market research can make things easier.
About the Author
Upmetrics Team
Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more
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P roject 2025, the policy agenda for Former President Trump’s potential first year back in the White House published by the far right conservative think tank the Heritage Foundation, has been making waves recently. Some of the many destructive proposals within the agenda include the elimination of the U.S. Department of Education —along with federal education funding and any civil rights protections—and the diversion of public money to private school voucher programs instead.
Make no mistake: The goal is to end public education. But dismantling our public schools isn’t just the plan if Trump is reelected—it is already happening.
We are on the brink of a new wave of public school closures , another step in the decades-long project to divest and dismantle the institution of public school. Disguised as “school choice,” federal, state, local, and private actors have prioritized paying for private and charter schools, hoarding educational resources for the haves and depleting resources for the have-nots.
The policies that Project 2025 plans to prioritize—government payments to families sending their children to private school and creation of new charter schools that are run like businesses—have expanded in the last few years, starving public school districts that serve all students of already insufficient resources. In the 2023-24 school year, at least 70 school districts, including in San Antonio, Texas , Jackson, Mississippi , and Wichita, Kansas , announced permanent closures of public schools, impacting millions of students. These districts are resorting to the harmful, discriminatory, and ineffective so-called ‘solution’ of closing schools in Black and Latine communities, stripping those communities of their local public schools.
Read More: Everything Biden and Trump Have Said About the Controversial Project 2025
Here’s how it works: Concerned about shrinking enrollments and budget crises, district leaders conclude that they must close schools, often without any evidence or analysis that it would save money—and, indeed, it hasn’t been shown to save money unless coupled with mass layoffs. They hire consultants who come up with “utilization” rates and then recommend closing schools with the lowest rates to “rightsize” the district—their euphemism for their misguided belief that school facility usage should be guided by arbitrary numbers instead of meeting communities where they are.
The problem is that “utilization”—a school’s enrollment over its supposed capacity—is stacked against schools that have experienced historic underfunding and disinvestment in facilities repairs, curricula, extracurricular opportunities, and staff. These same schools disproportionately serve Black and Latine students, English Learner students, students with disabilities, and students living in poverty.
Closing schools is demonstrably harmful—and has real-life impact. Research on the mass urban school closures from 2012 to 2014 overwhelmingly found that academic outcomes suffered , particularly for low-performing students. A May 2024 study from Brown University linked the experience of a school closure to “decreases in post-secondary education attainment, employment, and earnings at ages 25–27.” Additionally, closures force families to travel farther to get to schools that are not in their communities, making it harder to form relationships with staff, join extracurriculars, or get involved in parent organizations.
These communities are also often the first to lose access to the benefits of neighborhood public schools, which act as essential gathering places for social services and community resources like adult education, polling locations, a place to hold community meetings, and access to democratic community control through school board elections.
There are more equitable and educationally sound approaches than the lazy, unjust, self-sabotaging—and all too common—approach of spending money on consultants to tell districts what they have already decided to do: close the schools they value least, relying on metrics that target symptoms of their systemic neglect, and playing into the conservative agenda to make public schools obsolete.
Districts have better options to address budget woes. They can start a community-driven process to reshape the budget, wherein multiple stakeholders—rather than a selected few—play an active role in setting district budget priorities. Districts can also employ community-led assessments of how they use buildings, allowing school communities, particularly those historically marginalized, to request the resources, support, and spaces they need.
At the very least, districts should integrate equity requirements into school closure proposals, for instance, by incorporating community-based equity audits into decision-making. States can also follow California’s lead by requiring and robustly enforcing equity safeguards for any decisions to close schools.
Young people and their communities deserve better than districts repeatedly making the same mistakes. District leaders must stop listening to expensive consultants and closing much-loved and needed schools, and instead, must listen to the communities they serve and focus on solutions that put students first. Local, state and federal governments must fully and equitably fund public schools—schools obligated to take and educate everyone—and stop diverting money to a system of charter and private schools where students and families are forced to compete for a limited pool of high quality resources for a select few.
Project 2025 is not an inevitability—it is a call to action for anyone who cares about public education in this country. Our public school system requires more resources to create better school environments for everyone. We need investment in our public schools—not closures.
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Shares of Japan's Eisai tumbled 11% and were on track for their biggest one-day fall in three years on Monday, after the European Union's regulator rejected the drugmaker's Leqembi treatment for early Alzheimer's disease.
Company also anticipates a 3 percent increase in airplane deliveries over the next 20 years, stoking a demand for 44,000 new commercial aircraft., amelia walsh.
Boeing’s 2024 Pilot and Technician Outlook (PTO) noted that long-term demand for qualified aviation personnel remained strong with the need for some 674,000 pilots, 716,000 maintenance technicians, and 980,000 cabin crew members by 2043 to meet growing demands. [Credit: Adobe Stock]
OSHKOSH, Wisconsin—Commercial aviation will need 2.4 million new aviation professionals over the next 20 years, according to Boeing’s 2024 Pilot and Technician Outlook (PTO) announced Monday at EAA AirVenture.
The report noted that long-term demand for qualified aviation personnel remained strong with the need for some 674,000 pilots, 716,000 maintenance technicians, and 980,000 cabin crewmembers by 2043 to meet growing demands.
“Driven by aviation traffic trending above pre-pandemic levels, personnel attrition and commercial fleet growth, the demand for aviation personnel continues to rise,” said Chris Broom, vice president of commercial training solutions for Boeing Global Services. “We are focused on being a reliable and innovative partner in the lifecycle of aviation training. Our offerings are rooted in competency-based training and assessment programs to help ensure high quality aviation training starting in flight schools and in commercial operations while helping enhance aviation safety through immersive and virtual training solutions.”
Boeing also anticipated a 3 percent increase in airplane deliveries over the next 20 years, projecting a need for 44,000 new commercial aircraft. According to the company, single-aisle airplanes will make up 71 percent of the fleet with new deliveries primarily for short- to medium-haul routes.
Editor’s Note: This article first appeared on AVweb.
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By Jessie Pounds
Source News & Record, Greensboro, N.C. (TNS)
GTCC plans to start construction of the first phase of its new aviation center in the second half of 2025, according to college president Anthony Clarke.
It’s set to be located on the college’s Cameron Campus, which opened in 2014 just northwest of Greensboro, near Colfax, Oak Ridge and the Piedmont Triad Airport.
“With the needs of the current aviation companies already here in the Triad and needs of new companies like Boom (Supersonic) and Marshall (Aerospace), this new facility will allow GTCC to increase the capacity of our aviation programs by 40% going from 400 to 600 students,” Clarke said in a response to questions from the News & Record.
Clarke said the school is also in early discussions with Guilford County Schools to create an aviation-focused early or middle college institution on the Cameron Campus. Guilford County Schools currently operates other early and middle college programs, which allow high school students to take college classes and receive college credits, on the campuses of several local colleges, including other GTCC locations.
Overhead view, GTCC's planned new aviation center for its Cameron campus
Clarke said GTCC believes there are options to provide classroom and lab space to a portion of the projected high school students in classrooms and labs within the two conjoined buildings the school has plans to build.
Aviation campus
“However, given the projected size and purpose of the new GCS high school, we believe there will need to be a building dedicated to the high school needs,” he said.
Clarke said GTCC plans for the first of those two buildings to be 70,000 square feet and to cost $36.4 million. The state of North Carolina and Guilford County are the sources for that funding.
He said they have completed the schematic design phase, are about 50% done with the design development phase and anticipate completing the construction documents in the first quarter of 2025.
GTCC also wants to get started on the design phase for the second part of the project, which would add another 30,000 square feet. However, Clarke said that’s dependent on the county approving the budget for that phase of the project. The college, he said, is currently working with the county to seek funding for that portion.
School leaders said back in 2022 that they expect to continue to use the college’s T.H. Davis Aviation Center, which is attached to the runway at Piedmont Triad International Airport, for aviation programs. However, the new center would replace the school’s current Aviation II and Aviation III buildings, located off Stagecoach Road near PTI.
(c)2024 the News & Record (Greensboro, N.C.)
Visit the News & Record (Greensboro, N.C.) at www.news-record.com
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.ebm-content-item .title-wrapper .title-text-wrapper .title-text.items-with-images { font-size: 16px; @container (width > calc(400px + 145px)) { font-size: 22px; } @container (width > calc(600px + 145px)) { font-size: 24px; } @container (width > calc(750px + 145px)) { font-size: 26px; } } industry collaboration to launch hydrogen-fueled ground support equipment trials at exeter airport.
All Alan Pedrick wants is affordable monthly student-loan payments .
Pedrick, 41, has been making payments on his student loans since 2003 after receiving an associate degree to become an aircraft electronics technician. While he's now using that degree in his current career, he said it took him some time to land a well-paying job in his desired field, requiring him to put his payments on forbearance, during which he was not making payments, but interest was still accruing.
Throughout his repayment, Pedrick has been on an income-driven repayment plan, which calculated his payments based on his five-figure salary. When President Joe Biden's SAVE income-driven repayment plan rolled around last summer, Pedrick qualified for $0 payments, according to documents reviewed by Business Insider — and he was grateful for the relief.
"With inflation, it was harder and harder to pay bills," Pedrick told BI. "And I was really thankful not to have to pay my student loan payments at that point."
However, a series of lawsuits filed by GOP state attorneys general threw Pedrick and 8 million other student-loan borrowers on SAVE for a loop. Earlier this year, two separate groups of attorneys general filed lawsuits to block the SAVE plan. Federal courts initially blocked parts of the plan , an appeals court then allowed it to move forward, but a different appeals court most recently blocked the plan from moving forward in its entirety .
While a final decision from the court has yet to be made as the legal process continues, borrowers enrolled in SAVE have been placed on an interest-free forbearance. That means bills aren't due, and the months on forbearance won't count toward their loan forgiveness progress. Pedrick said the lack of certainty about the future of the SAVE plan is weighing on him and his finances.
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"I'm going to have to rebudget all over again," Pedrick said. "And this is probably the most difficult time of my life as far as finances go with the cost of housing, the cost of vehicles, gas, food has shot up and now they want to go back and make us start repaying. It's kind of depressing, really."
Pedrick said that if losing SAVE forces his monthly payments to be higher, he'll have to reconsider the amount of after-school programs he can afford for his two kids and adjust his everyday expenses to make ends meet. He's not feeling too optimistic.
"I've still got some hope, but it's dwindling just by how long they've been dragging this out," he said. "And with the elections coming up and Biden stepping out of the race, I don't see this getting much of a priority from any politicians."
Pedrick is waiting for the Education Department to evaluate his account to determine if he qualifies for student-loan forgiveness under his income-driven repayment plan. The department is still carrying out account adjustments , during which it brings borrowers' payments up to date to bring them closer to relief. In the meantime, Pedrick has benefited from the $0 SAVE payments.
Now that conservative groups are trying to block SAVE — with support from Republican lawmakers — Pedrick said he's frustrated that this program, in particular, is facing so many challenges.
"This is just one of many things that the government's trying to help out on," he said. "And it's one of the few things that directly affected me this time and that I was looking forward to. I was really looking forward to getting some kind of relief."
Top Republican on the Senate Education Committee, Bill Cassidy, said in a statement after the plan was most recently blocked that the ruling was "another rebuke to President Biden's illegal student loan schemes."
"This is an abuse of power before an election in an attempt to buy votes at the expense of American taxpayers," Cassidy said.
Still, the Education Department has maintained it would continue to fight conservative groups in court seeking to block the plan. Education Sec. Miguel Cardona said in a statement following the ruling that blocking SAVE "could have devastating consequences for millions of student loan borrowers crushed by unaffordable monthly payments if it remains in effect."
"It's shameful that politically motivated lawsuits waged by Republican elected officials are once again standing in the way of lower payments for millions of borrowers," Cardona said.
Pedrick can't do much more than wait for the legal process to progress, and while he hopes he can continue to benefit from low payments on the SAVE plan, he's cautiously preparing for a scenario when that might no longer be possible.
"I know it's got to be even harder for younger people who aren't as established. So it would help other people a lot more than it would help me, but everybody would benefit from this," Pedrick said. "I'm not saying that everybody that took out student loans should get their loans wiped out, but I think we need to offer some help."
Are you on the SAVE plan? Are you concerned about the future of your student-loan payments? Share your story with this reporter at [email protected] .
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She wants to protect the right to abortion nationally. Here’s what else to know about her positions.
By Maggie Astor
Follow the latest news about the 2024 election, and the Trump and Harris campaigns.
With Vice President Kamala Harris poised to replace President Biden on the Democratic ticket, her stances on key issues will be scrutinized by both parties and the nation’s voters.
She has a long record in politics: as district attorney of San Francisco, as attorney general of California, as a senator, as a presidential candidate and as vice president.
Here is an overview of where she stands.
Ms. Harris supports legislation that would protect the right to abortion nationally, as Roe v. Wade did before it was overturned in 2022, in Dobbs v. Jackson Women’s Health Organization.
After the Dobbs ruling, she became central to the Biden campaign’s efforts to keep the spotlight on abortion, given that Mr. Biden — with his personal discomfort with abortion and his support for restrictions earlier in his career — was a flawed messenger. In March, she made what was believed to be the first official visit to an abortion clinic by a president or vice president.
She consistently supported abortion rights during her time in the Senate, including cosponsoring legislation that would have banned common state-level restrictions, like requiring doctors to perform specific tests or have hospital admitting privileges in order to provide abortions.
As a presidential candidate in 2019, she argued that states with a history of restricting abortion rights in violation of Roe should be subject to what is known as pre-clearance for new abortion laws — those laws would have to be federally approved before they could take effect. That proposal is not viable now that the Supreme Court has overturned Roe.
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Miscellaneous - $5,000. Going by the report from the market research and feasibility studies conducted, we will need about seven hundred and fifty thousand ( 750,000) U.S. dollars to successfully set up a medium scale but standard commercial flight school business in the United States of America.
Making a detailed business plan is a critical success factor for launching any new business, including a flight school. It helps you identify the risks, opportunities, and challenges and develop a roadmap for success. 3. Make Financial Model And Assess The Longterm Sustainability Of The Project.
In conclusion, (Flight School Ltd) presents a comprehensive business plan that outlines its vision, mission, and strategies to establish itself as a leading flight school. With a dedicated management team, quality training programs, and a robust financial forecast, the school is poised for success in the dynamic aviation industry.
Let's go through the content of each section in more detail! 1. The executive summary. In your flight school's business plan, the first section is the executive summary — a captivating overview of your plan that aims to pique the reader's interest and leave them eager to learn more about your business.
Writing a business plan for an aviation school can be a complex process, but by following these 9 steps, you can ensure that your plan is comprehensive and well-prepared. By defining your target market, conducting market research, and identifying necessary licenses and funding sources, you can set a strong foundation for your aviation school. ...
of general aviation. Trips can be monthly, seasonally, quarterly, semi-annually—whatever you think would be manageable and marketable for your school's unique situation. Plan trips well ahead of time and include as many aircraft as possible, whether they're from your own fleet or someone else's.
Business Plan Template for a Flight Training Business. 1. Executive Summary: Brief overview of the business concept. Mission, vision, and values. Key highlights of the business plan. 2. Company Description: Detailed explanation of the flight training business. Legal structure and ownership. Location and facilities description. Market and ...
Financial Plan. To achieve our ambitious growth goals, AeroWings Flight School is seeking $1.94 million in funding. This investment will be strategically allocated across both capital and non-capital needs, including facility buildout, equipment purchase, initial operating costs, and marketing initiatives.
Start a flight school by following these 10 steps: Plan your Flight School. Form your Flight School into a Legal Entity. Register your Flight School for Taxes. Open a Business Bank Account & Credit Card. Set up Accounting for your Flight School. Get the Necessary Permits & Licenses for your Flight School.
Download. Business in a Box templates are used by over 250,000 companies in United States, Canada, United Kingdom, Australia, South Africa and 190 countries worldwide. Download your Flight School Business Plan Template in MS Word (.docx). Everything you need to plan, manage, finance, and grow your business.
Flight School Business Plan. Get on the right track to starting a successful flight school business with this comprehensive plan example. Learn key elements of creating a profitable business plan, including valuable financial advice and guidance. Launch your business today with the help of our easy-to-follow resources and examples.
Here is the latest statistical information on how much it costs to start a flight school in terms of licensing and certification fees: Private Pilot License: $8,000 - $15,000. Commercial Pilot License: $30,000 - $40,000. Airline Transport Pilot License: $5,000 - $10,000.
Most schools start with grand ideas and then settle into a constant cycle of stress-then-relative-prosperity-then-stress. Small flight schools are like restaurants; they tend to be lifestyle choices, not great financial assets. 2. You're not in the flying business. You're in the training and education business. Let your CFIs focus on the ...
A flight school business plan should be developed and this document needs to include a three year profit and loss statement, cash analysis, balance sheet, breakeven analysis, and business ratios page. The industry research portion of the business plan typically showcases the flight school industry as a whole and this industry has 1,000 ...
3. Decide Which Niche to Concentrate On. It is important to state that there is no known niche area when it comes to the flight school business but on the average, these are the basic services that commercial flying schools offer; Airline Transport Pilot (ATP) certificate training. Private certificates training.
About the Bachelor of Science in Aviation Business Administration. The aviation industry contributes more than $150 billion annually to the U.S. economy and employs more than one million people across the country, according to the National Business Aviation Association (NBAA).Embry‑Riddle Aeronautical University's Bachelor of Science in Aviation Business Administration is designed for ...
Plan a Trip Embark on your next aviation adventure: Explore exciting destinations, read inspiring travel stories, plan your trip with our flight planner, and access exclusive discounts! ... The AOPA Flight School Business Network is a community of flight school owners and operators dedicated to the transfer of knowledge to increase business ...
The Aviation Business Administration program is designed for students seeking to lead and manage in the world of aviation. ... High School Diploma and Academic Transcript New System, first graduates in2018 (Katibayan)- Grade12 ... International applications should plan to have all documents submitted 90 days before the start of the term.
Sample text from Flight Training Aviation Business Plan: 1.0 Executive Summary. ... The school markets to students interested in becoming pilots and as well as to airlines that are looking to hire pilots. The firm offers training for the Boeing 737 and Boeing 757/767 aircrafts. The firm plans to expand its training by adding certification ...
Explore a real-world aircraft rental instruction business plan example and download a free template with this information to start writing your own business plan. Don't bother with copy and paste. ... Lugnut Flying Aviation, a flight school that ceased operation, was averaging over 70 hours of revenue flying per month and produced a net profit ...
Writing an airline business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan: 1. Executive Summary. An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and ...
Roxbury High School Aviation Academy partners with Morris County School of Technology to offer aviation program to students in Morris County.
In the 2023-24 school year, at least 70 school districts, including in San Antonio, Texas, Jackson, Mississippi, and Wichita, Kansas, announced permanent closures of public schools, impacting ...
Southwest Airlines and Archer Aviation said on Friday they have agreed to develop operational plans for electric air taxi networks built by Archer at California airports where Texas-based ...
Boeing's 2024 Pilot and Technician Outlook (PTO) noted that long-term demand for qualified aviation personnel remained strong with the need for some 674,000 pilots, 716,000 maintenance ...
However, the new center would replace the school's current Aviation II and Aviation III buildings, located off Stagecoach Road near PTI. (c)2024 the News & Record (Greensboro, N.C.)
Alan Pedrick, 41, is worried he'll have to cut back on his kids' after-school programs if the SAVE student-loan repayment plan never goes into effect.
The AirVenture show typically draws about 500,000 visitors and aviation enthusiasts each summer to Wittman Regional Airport. Aircraft fans travel from about 80 different countries to see more than ...
Flights continued to be disrupted at some U.S. airports into the morning because of the cascading effect of flight delays and cancellations. The Federal Aviation Administration said in a statement ...
Follow the latest news about the 2024 election, and the Trump and Harris campaigns.. With Vice President Kamala Harris poised to replace President Biden on the Democratic ticket, her stances on ...