General Aviation Within The United States

It has always been the dream of mankind wanting to join the birds in the sky, many innovators created various contraptions to achieve flight. On December 17, 1903, two brothers by the name of Wilbur and Orville Wright decided to test their contraption and it was successful. This event changed the course of aviation as the contraption known as Flyer 1 became the first successful powered heavier-than-air flight.

Discrimination is the process of excluding a person based on a multitude of factors not limited to just age, sex or ethnicity. Just about 200 years ago, in 1808, The Congress banned the importation of slaves from Africa and they were given voting rights in 1870 with the Fifteenth Amendment [1]. Less than 100 years ago, the 19th Amendment to the U.S. Constitution gave women the right to vote in 1920 [2]. Even more recently, the Age Discrimination Act was introduced in 1967 by the Department of Labor to protect the aging population on the basis of employment [3]. Although our society has made vast progress by enacting equal opportunity laws, a lot of improvement is yet to be made before employment diversity increases, particularly in the aviation industry.

The Federal Aviation Administration (FAA) is a government agency that was formed to regulate and oversee all aspects of American aviation. The FAA was preceded by the Civil Aeronautics Administration and the FAA itself was founded in 1958. However, the FAA was originally the Federal Aviation Agency until 1966, where it was then changed to its current name and assigned to be part of the Department of Transportation due to the Federal Aviation Act of 1958. This agency along with many others, is headquartered in Washington, DC. The FAA has requested a fiscal year budget of $15.4 billion, with $9.75 billion going towards operations, $2.6 billion towards facilities and equipment, with the remainder going towards research and development.

Companies in the aerospace industry require high capital investment and new innovated technology. Some key ratios in the aerospace and defense industry include the current ratio, the debt to equity ratio, working capital ratio, and capital expenditures to sales. These financial ratios measure how firms leverage debt, how capable a company is of paying its obligations, and how much a company invests to facilitate growth. The table below shows 2014 financial data for 1,400 large, medium, and small company sizes within the aerospace industry (Hoovers, 2015).

1. There are a few trends in the US airline industry. One is consolidation, wherein existing players merge in an attempt to lower their costs and generate operating synergies. The most recent major merger was the United Continental merger, which is still an ongoing affair, but has created the largest airline in the United States by market share (Martin, 2012). Another trend is towards low-cost carriers. In the US, Southwest has been a long-running success and JetBlue a strong new competitor, but in other countries this business model has proven exceptionally successful. The third major trend is the upward trend in jet fuel prices, and the increasing importance that this puts on hedging fuel prices and capacity management (Hinton, 2011).

The US Navy operated the airfield as Naval Air Station Millington until 1993 when the Base Realignment and Closure (BRAC) commission closed it and transferred the airport and 2,000 acres of adjacent land to the City of Millington. That same BRAC decision also moved the Navy’s aviation technical schools (“A” and “C” schools) from Millington to Pensacola, FL. The airport currently has 54 aircraft based on the field and averages 76 aircraft operations a day. It serves as FedEx’s emergency alternate due to its close proximity to their super-hub at the Memphis International Airport (Millington Regional Airport, 2015).

There is no other sector in the United States that gives the largest net income through export than the Corporate Aircraft in America (Belobaba, Odoni and Barnhart, 2009). In 2014, it was estimated that the industry exported about $72.1 billion. The export was up by 10% as compared to what the industry had imported in 2013. Nevertheless, in 2012, the U.S. aircraft industry gave approximately $118.5 billion in overseeing sales to the U.S. economy.

What is Aviation? The Cambridge English Dictionary defines aviation as “the activity of flying aircraft, or of designing, producing, and maintaining them.” Human kind has chased after the dream of flying for centuries. From Daedalus and Icarus in ancient Greek mythology to the sketches of Leonardo da Vinci to the inception of hot air balloons in 18th century Europe to the Wright Brothers’ first flight. Orville and Wilbur Wright’s first flight in 1903 in Kitty Hawk, North Carolina was the first successful powered flight of a fixed-wing aircraft. This was what kick started the progression of the airplane. From 1914 to 1918 the airplane proved its worth as a weapon on the battlefield and changed the nature of war forever. Also in 1914 was the

The Airport and Airway Act of 1982 chartered the FAA to address the growing aviation traffic flying through major airports in the United States. The FAA generated the National Plan of Integrated Airport Systems (NPIAS). The NPIAS modernized and replaced the 1970 National Airport System Plan. The NPIAS focuses on the metric of enplanements, the number of boarding passengers at an airport, to aid in the delineation among airports categorized as a Commercial Service (Primary), General Aviation (GA), or Reliever Airport (Young, p. 11). The FAA generates a NPIAS report and delivers it to “…Congress with a 5-year estimate of AIP [Airport Improvement Plan] eligible development every two years” (“Federal Aviation,” para.1). The NPIAS report provides a current assessment and the projected development growth of airports, these airports and/or proposed airports could receive Federal grants for development and infrastructure improvements from the FAA (“Federal Aviation,” para.1).

Airlines Industry is large and growing, it is also the most fiercely competitive sector. It facilitates international trade, world economy growth, tourism and international investment. The airline industry has over time with the use of modern technology been able to take advantage of the short haul, high frequency and gained a competitive advantage over other forms of travel, such as buses and railroad travel. Additionally, the airline industry still holds the market for global travel at a low cost and convenient way to travel. The aviation industry gives a good contribution to the GDP which includes the following: airline services, general aviation, civil airport operations, aircraft manufacturing, and

This explosion provides research of how the UK Economy contributes to the Aviation industry in various way with the standard points and innovation – have impacted on UK economic growth through the Aviation industry. By this report, contribution to UK economy has explained such as trade, tourism, employment and government tax. This report will pay particular attention in trade contribution current status, value added contribution details of Tourism impact, direct and

In examining the history of aviation in the U.S. and the development of the airlines, it is clear that the Federal Government played a vital role in the development of both. Historical records clearly show that this involvement by the Federal Government was critical in getting them established and in helping to develop them into the globally dominant enterprises they are today. Furthermore, it can be easily argued that U.S. aviation as a whole, and the airlines in particular, would not be where they are today without this direct involvement by the Federal Government and some of the very specific actions that it has taken to keep them relevant and competitive during the most dire of times. The Federal Government ensured that U.S. aviation and its airlines would develop and achieve a worldwide leadership role by becoming involved in three major ways: through funding, legislation, and policy setting.

A Year After the Imposition of New Limits on U.S. Flight Operations Conducted in Ground Icing Conditions, International Aviation Industry and Regulatory Officials Continue to Work to Contain Icing Threats. This Special Report, Examining Their Efforts and the Drive to Establish Universal Standards for Such Operations, Was Prepared by Southeast U.S. Bureau Chief James T. McKenna in Cocoa Beach, European Editor Pierre Sparaco in Paris and Engineering Editor Michael A. Dornheim in Los Angeles.

One of the world’s most competitive and prominent industries is the airlines industry. It generates huge amounts of income as well as employment each year. Some of the common names in US air travel service providers are Alaska, Northwest, Southwest, US airways, American etc.

Closely linked to economy - The airline industry can be described as highly cyclical since it