Industry Overview The airline industry is a large and growing industry. In the past years‚ air travel has been growing by 6% a year and scheduled airlines carried more than 1 billion passengers in 2008. The airline industry involves large capital requirements. For example‚ the requirements for aircraft‚ close monitor by the government regulations‚ competition from other tourist transport and the requirement to have high level of expertise to operate and manage. In the airline industry‚ aircraft manufacturer
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argue that Singapore will always be a nation in the making. Although Singapore’s nation building efforts have been successful‚ there is still a continual need for nation building efforts to persist as Singapore is a vulnerable migrant society‚ aptly illustrated as “an 80-storey building standing on marshy land” by Lee Kuan Yew. This reveals continual nation-building is critical for Singapore as it ensures her survival amidst vulnerabilities. What defines “a nation in the making”? Singapore will always
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Balanced Scorecard. Airline industry is very competitive as Jetstar isn’t the only Domestic Flight dominating the market. Porter’s Five- Forces Model is used to analyse the intensity and profitability of this industry. In order to illustrate Jetstar’s competitive advantage over its competitors‚ Porter’s Five Forces evaluation is assessed below. Porter’s Five Forces model is essential to evaluate Jetstar Airways’ competitive advantage as it was established in 2003 as a low-cost airline by its parent company-
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Discuss the Relationship between Airport Technical Services and Airline Operation ’s Safety and Efficiency Table of Contents Table of Contents II List of Figures III executive summary IV 1 introduction 1 2 literature review 2 3 methodology 4 4 airport technical services 7 4.1 aeronautical information service 7 4.2 telecommunications service 11 4.2.1 Fixed Services 4.2.2 Mobile Services 4.2.3 Radio Navigation Services 4.2.4 Broadcast
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Developments in Singapore‚ 2011). Inflation leads to a rise in the general price level hence money loses its value (Haikal‚ 2005). Consumers cannot buy as much as they could previously‚ thus consumer spending will fall‚ and companies will lower production as demands for goods and services decrease. In addition‚ there is growing uncertainties in the global economy‚ which undesirably affects the GDP growth in Singapore. With a highly developed and successful free-market economy‚ Singapore depends heavily
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The company I chose to research is Southwest airlines. It has been one of the most successful airlines in the US‚ and with very high customer service ratings. This is very impressive to attain by such a small company in a very tough industry. Southwest is able to achieve such levels by having a clear mission of providing low-fare travel using a point-to-point system and not having a hub-based system. The company operates in relatively shorter routes and only maintains one plane type‚ its famous Boing
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sites of trade‚ steady workplaces‚ and overall international hubs. One must consider all aspects of a city’s well-being when deciding what type of urban area fits into this specific category. With a GDP of $2.8 billion and 100% urban development‚ Singapore is a city that is impossible to leave out on the list of what constitutes a metropolis.[i] The time they spent under British rule is what initially prompted the urbanization that led to the economic miracle we see today. They eventually became
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Eduard Romanenko‚ Li Guoxu‚ Denion Galimuna Country Profile: Singapore With the population of only 5.18 million people and the total area of 710 sq km (189th among other countries)‚ as of 2010 according to the World Bank database‚ Singapore is the 14th largest exporter and the 15th largest importer in the world. The total trade volume of the country in 2010 comprised USD 662‚ 658 bln contributing to trade to GDP ratio of 317.42%‚ the highest in the world. As Figure 1 demonstrates‚ since 1981 the
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KFA was an airline for people with a taste for luxury. While its astronomical fares pushed it out of the bounds of the country’s biggest consumer section - the middle class - the airline’s in-flight service standards were set too high to maintain for a long time . Fliers were treated to expensive wine‚ quality food and best entertainment facilities even on domestic‚ short distance flights. The airline staff‚ till the time they got their salaries‚ were among the best paid in the country
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a country’s spending in any given year need not to equal its output of goods and services. A country can spend more money than it produces by borrowing from abroad‚ or it can spend less than it produces and lend the difference to foreigners. Singapore as an Open Economy Quick Facts * Population: * 5.3 million * GDP (PPP): * $314.9 billion * 4.9% growth * 5.7% 5-year compound annual growth * $59‚711 per capita * Unemployment: * 2.0%
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