The Aviation Financial Management Certificate program requires 12 credits of coursework that can be completed in as little as 12 months. All students have up to 3 years to complete the required 12 credits.
Four courses are required for the certificate program, and all of them may be applied towards the full Master of Science degree in Aviation and Aerospace Management.
Plan of Study Overview
Course Name
|
Credit Hours |
|---|---|
| AT 54600: Aviation Financial Instruments and Operations | 3 |
| AT 54700: Airline Revenue Management | 3 |
|
AT 54800*: Aircraft Asset Management *prerequisite to AT 54900 |
3 |
| AT 54900: Aircraft Leasing | 3 |
Course Descriptions
- AT 54600-Aviation Financial Instruments and Operations: The course concentrates on increasing the understanding of financial expertise in analyzing trading and hedging programs for application in reducing aviation operational risk exposure. The studies include research into the development and use of operational indexes and their possible relation to hedging with commodity and security instruments. Emphasis will be placed on the understanding of current operational measurements and correlations to trading and hedging financial instruments in providing improved risk management in operational environments.
- AT 54700-Airline Revenue Management: This course aims to provide students with experience in airline revenue management applications. Primarily focusing on the commercial operation of airlines, this course covers various contemporary topics such as the segmentation, inventory control, forecasting, budgeting and pricing. This course will use simulations to enhance the overall learning-teaching experience.
- AT 54800-Aircraft Asset Management: This course provides the student with a detailed exploration of aircraft asset management programs in both airlines and business aviation organizations. Students analyze and study the critical components of an asset management program, the financial methods in aircraft asset management, acquisition proposals, and development plans of aircraft acquisitions in this course. An airline industry-relevant project is used to improve student reasoning and application of industry standard aircraft asset management analysis procedures to include forecasting techniques, present value calculations, and benefit-cost analyses. This course serves as the foundational knowledge required for AT 54900.
- AT 54900-Aircraft Leasing: This course provides students with training and experience managing aircraft leases using financial and risk management methodologies specific to the airline and business aviation industries. Students conduct financial evaluations of leasing versus ownership programs of airlines, as well as analyze debt, equity and capital markets for aircraft financing. The course includes an examination of taxation issues related to aircraft leasing, maintenance reserves, and auditing of aircraft financial performance. The prerequisite for this course is AT 54800.
Note:
- Must receive a B or better in each of the four courses.
- Courses are subject to change due to faculty discretion.