The Globalization and Evolution of the Aviation Industry

Bijan Vasigh () and Farshid Azadian ()
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Bijan Vasigh: Embry-Riddle Aeronautical University
Farshid Azadian: Embry-Riddle Aeronautical University

Chapter 1 in Aircraft Valuation in Volatile Market Conditions, 2022, pp 1-65 from Springer

Abstract: Abstract The commercial aviation industry is one of the most vital industries, which affects with great influence, by supporting about $2.7 trillion of the world’s gross domestic product (GDP). Even though the airline industry overall is a relatively competitive market, there is little competition among supply chains; airports, aircraft manufacturers, and jet engine manufactures. An aircraft is usually made up of more than a million parts, and aircraft manufacturers rely heavily on a complex web of hundreds of suppliers providing everything from engines, fuselages to seats and avionics.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-030-82450-1_1

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DOI: 10.1007/978-3-030-82450-1_1

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