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The Globalization and Evolution of the Aviation Industry

In: Aircraft Valuation in Volatile Market Conditions

Author

Listed:
  • Bijan Vasigh

    (Embry-Riddle Aeronautical University)

  • Farshid Azadian

    (Embry-Riddle Aeronautical University)

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.

Suggested Citation

  • Bijan Vasigh & Farshid Azadian, 2022. "The Globalization and Evolution of the Aviation Industry," Management for Professionals, in: Aircraft Valuation in Volatile Market Conditions, chapter 1, pages 1-65, Springer.
  • Handle: RePEc:spr:mgmchp:978-3-030-82450-1_1
    DOI: 10.1007/978-3-030-82450-1_1
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