Airterm – Airport Tenancy
2011 Company Plans: International Expansion to the United States of America
International Business – BBB 4M1
Submitted to Mr. Nephin
June 15th, 2011
By: Emily Smiley
TABLE OF CONTENTS
Page
3
Executive Summary 2
I. Company Profile 4
The company Background Current Situation Future Plans
Airterm’s Services
The Firm’s Potential Principal characteristics of the Current Canadian Market
Major Industry Competitors
Industry Trends
Rationale for Expanding
…show more content…
As well, having access to more storage and higher quality airports, and airport services would allow Americans to increase their use of air as a travel and transportation device without choking up the system that is presently at its maximum capacity. This would then increase productivity and revenues.
Several factors such as culture, the economy, and legal factors, as well as transportation methods, must be considered before implementing the project. In the United States of America there are six recognized races: White, American Indian and Alaska Native, Asian, Black or African American, Native Hawaiian and Other Pacific Islander. There are several religions prevalent throughout the nation: Christianity: (59.9% to 76.0%), Unaffiliated including atheist or agnostic (15.0% to 37.3%), Judaism (1.2% to 2.2%), Islam (0.6%), Buddhism (0.5% to 0.9%), Hinduism (0.4%) and Other (Religion in the United States, 2011). Communication issues must be considered because while there is no recognized official language, and English is used by the majority of the population, there are many people who speak Spanish and a minority who speak French (The Official Language, 2007). The United States’ national currency is the United States Dollar (USD), which currently exchanges at a rate of 1.02036 American dollars (USD) for one Canadian dollar (USD to CDN, 2011). This allows the strong Canadian dollar to enter the marketplace. The United
The United States carries over one third of the globe’s total traffic, where Over 1.5 billion passengers fly annually. Over the past 20 years, air travel has grown at an average of about 5% per year, the reason for annual change is usually differences in economic growth, and of course other environmental factors, such as the current war. As a rule, the annual growth in air travel has been about twice the annual growth in GDP. Deregulation, liberalization, and competition have essentially altered the management strategies and practices of airlines. Productivity improvements and cost management have been two of the greatest concerns for US airlines for the past twenty years. As a whole, the airline industry must continue to improve their specialization in terms of fleet utilization, pricing and revenue management, and schedule optimization.
Although there was a deregulation of the airline industry, the one significant component that did not change was the infrastructure of the airline industry. Constrained by the limitations of the airports and the air traffic control system, airlines did not see significant increases in profits despite the large growth and operations. As the airlines increased the number of flights and structure, the air traffic control system did not experience the same increase. Because the ATC system was still controlled and owned by the government, growth was, and continues to be slow.
Airports are the heart of travel for many to conveniently travel from one location to another, whether the distance was 50 miles or internationally. With the advancements in technology, it has provided the ability for individuals to have access to parts of the world that once only been available to a select few. With such technological advances, our society will not be able to rewind back to
The basic language of the U.S is English. Both governments include English as one of their mandatory languages taught in schools. The American government also supports Spanish; they do not consider Spanish as one of the main
Aside from Native Americans, there are no indigenous "Americans" to speak of in the United States. The U.S. is therefore a large immigrant nation whose history has grown out of its ability to bring together people of different cultures, ethnicities, religions and backgrounds. This is why the United States is often considered to be the world's "melting pot." However, despite the fact that America is composed of a diverse immigrant population, English is recognized as the national language of the U.S., and it is through English that domestic affairs in the United States are conducted. Given the large influx of immigrants from Spanish-speaking nations in South America, the Caribbean, and Mexico
The population of the United States of America is three hundred and eighteen million eight hundred and ninety two thousand one hundred and three individuals. The birth rate is approximately thirteen babies are born out of a thousand babies, infant mortality rate however is about six babies will die out of a thousand before they are one years old. The death rate is roughly eight individuals die out of a thousand per year. Life expectancy at birth is estimated to about eighty years. The United States of American has many different ethnic groups consisting of Caucasians, African Americans, Alaskan Native, and Pacific Islander. There are many religion found in the United States of America, Protestant, Roman Catholic, Mormon, Christian, Jewish, Buddhist, and Muslim. There are three common languages spoken in the United States, English, Spanish, and Asian. American literacy from age fifteen and older is at ninety nine percent in the entire country. Some may say that the United States of America is a better place to live in comparison to Somalia, and they may be true because of the War Crimes that have been occurring since the late
In Microeconomics, Air Transportation is a necessity to a country economy and growth. Many countries rely on Air Transportation because of its benefits. Air Canada is the biggest airline also it was the first airline that was created in Canada. Many Canadians chooses Air Canada because of its size and services. According to the future population, as the Technology expands, many people see air travel as a sign for the future.
One of the most notable impacts airplanes has affected not just America, but the world as a whole. Aviation keeps the whole world connected and in touch. One of the ways aviation have an effect on the economy today is by providing jobs for the world. There are 56.6 million jobs worldwide associated with aviation in some way. If the airplane industry were to become a country, it would be the nineteenth most populated country on the earth (“Social and Economic Benefits”). Airplanes also have made an impact on the economy by allowing people to travel throughout the world. This has empowered businessmen to establish better relationships with others
That to induce the Client to retain the Consultant as an outside consultant and to furnish the
As the economy changes, so is the need to make changes within the organization. A business proposal would allow for an in depth review of financial structure. A closer look at current business functions will make you aware of what you have and how to use those items to make sure you are moving forward to success. Taking small steps of looking in detail of what changes can be made can make the difference in making money and losing it for a company. Here at Thomas Money Services, Inc., there is a need to make money. That is the goal; to grow in this ever changing business world. This proposal was designed to give a review of what is happening currently with Thomas Money Services, Inc. and to be able to show how it can expand. Forestry equipment is not the primary focus of the business but may be one of the saving graces for more revenue. The changes can be done with ease with a solid business plan.
With the rapid growth of commercial air travel in the 1970s, the FAA recognized that the nation’s airports contributed significantly to the national economy and international commerce, as well as being a critical mode of transport for the public. Airports needed funding to improve safety and maintain airport infrastructure such as runways, taxiways, NAVAIDS, and land acquisition. The Federal Aviation Administration (FAA) formed the National Airport System Plan (NASP) to ensure these significant airports received Federal grants to make these improvements. The FAA revised the NASP with the Airport and Airway Improvement Act of 1982 and called the National Plan of Integrated Airport Systems (NPIAS) to reflect the further expansion.
In addition, buying shares in other major UK and Australian airports and the development of ground transport interchange to help public arrive using public transports and check more efficiently and quickly.
Another emerging trend in the past five years has involved the progress made on open skies agreements between the United States and other countries. Open skies agreements serve to liberalize Orlando International Airport transport markets between the two signing countries or parties in the agreement. These agreements remove government restrictions, such as limits to the number of flights any one airline is allowed to operate per week between countries. The removal of these limitations has opened some routes up to increased competition, by allowing Orlando International Airport to fly more frequently and making these routes more accessible. Orlando International Airport could not previously justify the capital expense of operating on routes with limited flights are now able to profit on routes with high demand.
The growth of airline industry in any country is directly proportional to its GDP growth; the greater the business activity, the more air travel and the higher the GDP of the country. The demand
stage in the life of the business. So it is very important to work out