* What is an Airline? an organization providing a regular public service of air transport on one or more routes.
* What is an Airport? a complex of runways and buildings for the take-off, landing, and maintenance of civil aircraft, with facilities for passengers.
* Past and the future of an Airport?
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* Past and the future of an Airline?
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* What are four trends that dominate the airport and airline industry?
1. Long term growth
2. Commercialization
3. Globalization
4. Technical Change
* Explain what is supply and demand with an example?
Supply - Supply is the amount of the product that will be produced by the producer to be sold on the market with a particular selling price. Example - Rado watches what is handmade, demand is high and the price is high but the limited supply is only 400 wrist watches per year Demand - Demand is a buyers willingness towards a product and the ability to pay for a specific quantity of product, this specify how much product or quantity is desired by the customer. Example - Demand for apple product has increased after the launch of iphone 6
* What is Privatizing and who did it first, when and for what? Privatizing is a nationalized company becoming a private company, this means the process of transferring the ownership from the public sector (Government owned) to private sector. BAA (British Airport Authority)is the first to do privatization in 1987
* What is Deregulation and who did it first, when and for what?
Deregulation is the government removing or reducing the rules applied Texas and California dis it first