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AVSC 3100 Quiz 1

Terms in this set (21)

Commercial air transport
An aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.
Aerial Work
Aircraft operation utilized for specialized services such agriculture or aerial advertisement.
General Aviation
Aircraft operation other than a commercial air transportation operation or aerial work operation.
On-Demand Transportation
Transportation of passengers or cargo by aircraft from one point to another in a manner and at a time designated by the person exercising operational control.
Personal Aviation
Provided by the owner/operator of an aircraft and Provided by a commercial venture supplying air transportation on demand.
Business Aviation
Employee-flown and corporate operators are a subset of this business endeavor.
Profit and Revenue Growth
Financial value drivers resulting from business aviation.
Customer satisfaction & risk management and compliance
Non-financial value drivers resulting from business aviation.
Airplanes and helicopters
Broad categories of airplanes
Interchange agreement
An entity leases and aircraft to another person in exchange for equal time in the other person's aircraft.
Timeshare Agreement
A company leases an aircraft with flight crew to another person for cost of operating aircraft for that flight and requires a formal agreement.
Joint Ownership
Two or more companies jointly own an aircraft.
Fractional Ownership
A large scale, joint ownership operation in which owners buy into a fleet of similar aircraft.
On-Demand air transportation is defined as?
Commercial air transportation, aerial work, and general aviation
What is commercial air transport?
An aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.
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