This paper explores the state of practice regarding aircraft financial evaluation. Traditional measures of aircraft economic viability, including Direct Operating Cost (DOC) comparison, ignore both the non-cash elements of costs, and the time value of money. Practitioners adopting more advanced...

This research sets out to determine whether there is a best way to performaircraft investment analysis. The question of best practice is found to belinked to corporate ownership: world airline shareholding patterns areidentified and linked to investment analysis practices, and to airline...