2nd Edition
Aviation Investment Economic Appraisal for Airports, Air Traffic Management, Airlines and Aeronautics
Chapter 1. Introduction
Chapter 2. Identifying Benefits
Chapter 3. The Basic Framework
Chapter 4. Airports
Chapter 5. Air Traffic Management
Chapter 6. Airlines
Chapter 7. Aeronautics
Chapter 8. Concluding Remarks
Biography
Doramas Jorge-Calderón is an economist at the European Investment Bank, the EU project financing bank, based in Luxembourg. He appraises investment projects mostly in the aviation sector in Europe and in countries throughout the world with which the EU has development cooperation agreements. He was previously with economic consultants NERA in London working on regulatory and competition projects. He holds a PhD in transport economics from the University of Leeds and has written a number of papers in academic journals on air transport economics and investment appraisal.
‘There are many manuals and cookbooks for the evaluation of investments but surprisingly not one focusing on Aviation. Doramas Jorge-Calderón has made an impressive attempt to fill this gap. The book will be the natural reference guide for those evaluating aviation investments. In addition, the book will be useful for those teaching courses in applied welfare economics at universities and business schools.’ Per-Olov Johansson, Stockholm School of Economics, Sweden
‘This is an excellent book on aviation investment. The book is soundly and clearly written by an author with a thorough theoretical background and deep knowledge of the aviation industry. I have learned and enjoyed reading this book and highly recommend it to anyone interested in the aviation industry or in investment evaluation.’ Ginés de Rus, University of Las Palmas de Gran Canaria and University Carlos III de Madrid, Spain
'This is a new edition of the author’s "Aviation Investment", which is a must-have reference on airport and airline investment evaluation. Of particular value are the new sections on the handling of aviation’s effects on greenhouse gas emissions. These explain in detail how policies such as taxes and emissions trading schemes affect the evaluation process. These make an already comprehensive book even more valuable.' Peter Forsyth, Monash University
'Investment in aviation has been problematic, leading to many failures like white elephant airports in Germany and Spain. These investments were rationalized by the thousands of jobs they were supposed to create. These have never been realized and instead we have aviation infrastructure not fit for a decarbonized future. Jorge-Calderon’s book offers a robust method to get these investment decisions right. It should be read not only by academics, but regulators, and aviation managers. The book is excellently written, and the author is a master in this field.' Prof. Dr. Hans-Martin Niemeier, Bremen University of Applied Sciences
