AM205 Course Introduction

Course Description: This course is intended for non-majors interested in understanding basic concepts of commercial aircraft operations. Topics covered include aircraft types, engines, noise, flight path, fuel costs and usage, fuel cards and their use for air travel, airport transfers, ground handling and ground support equipment (GSE) operation. The primary focus of this course is to prepare students for success in the first year of a two year program by providing practical experience with the principles of aviation economics. PREREQUIS

AM205 Course Description

in the Aviation MBA Program at Northeastern University is designed to provide students with the knowledge and skills to effectively manage an aircraft maintenance operation, understanding the concepts of aircraft lifecycle cost management and risk analysis. The program focuses on managing costs while ensuring that aircraft are operated efficiently and safely. The primary objective is to provide students with a practical perspective of operational economics for both general aviation aircraft as well as military aircraft. This course will focus on the analysis of typical operating costs associated with aircraft maintenance including fuel, oil,

Universities Offering the AM205 Course

2 Comments

The AM205 Course is a great introduction to the field of operating economics. This course teaches you how to put everything together, from a theoretical point of view, in order to make sound decisions about air transport and the impact it has on the economy. This course will help you understand the interaction between consumers and companies and how they can affect each other. Through this course, you will learn what factors need to be considered when pricing products and services, how to calculate cost savings, how

AM205 Course Outline

Course Outline for AM205 – Aircraft Operating Economics (AM205) The Course Objectives: • Explain the economics of aircraft operations and customer service in a way that assists the student to assess the different factors involved in operating an airline operation.
• Demonstrate the ability to use aircraft operating economics to help determine the performance of an airline operation, including rates, revenues, profitability, and loss.
• Demonstrate the ability to use aircraft operating economics to provide for the optimal allocation of available resources within a fleet.

AM205 Course Objectives

1. Understand why aircraft are purchased and operate as part of a business.
2. Understand the implications of economic factors on business decisions.
3. Learn about aircraft operating costs, including depreciation.
4. Recognize and minimize negative externalities associated with operating an aircraft.
5. Identify and evaluate key business drivers for aircraft investments in today’s environment.
Course Objectives for AM206 – Aircraft Acquisition and Financing (AM206) 1. Identify what types of aircraft are available, and the basic considerations

AM205 Course Pre-requisites

1. Knowledge of the following subjects is a pre-requisite for taking this course: Cost Accounting Principles and Practices, Corporate Finance, Investments, Management of Financial Institutions. 2. Knowledge of the following subjects is not a pre-requisite for taking this course: General Financial Management, Law and Ethical Issues in Business Management. Course Syllabus for AM205 Course Pre-requisites for AM205 – Aircraft Operating Economics (AM205) UNIT I: INTRODUCTION TO AIRCRAFT OPERATING COST

AM205 Course Duration & Credits

Course Description

Course Content

Instructional Methodology: Instructor-Led Live Online Delivery

Course Objectives:

Upon completion of this course, the student will be able to:

• Understand current economics of operating a large jet aircraft • Develop an understanding of inflation and how it affects the cost of operating and maintaining a large aircraft • Learn what constitutes “first class” in terms of passenger comfort, amenities, food quality and price • Apply the concepts learned to two major types of airline aircraft, the Boeing

AM205 Course Learning Outcomes

1. Identify the cost structure of operating and production costs and their relation to revenue in an aircraft. 2. Describe the meaning and function of economic profit analysis and its use in aircraft operational decision making. 3. Identify the cost driver (e.g., fuel, parts, labor) and their role in aircraft operational decisions. 4. Identify key concepts of income statement for evaluating a company’s ability to generate profit. 5. Compare a company’s cost structure with that of its competitors

AM205 Course Assessment & Grading Criteria

(Sections 1 and 2) Question: The following two questions are based on the following topic: Aircraft Operating Economics (AM205) (Sections 1 and 2). The questions are to be answered in writing. You should address each question fully, using supporting text and figures where appropriate. You should refer to relevant references at this stage of your study, but do not need to provide an extensive reference list at this stage. Write in your own words, but include a comprehensive discussion of all

AM205 Course Fact Sheet

Course Fact Sheet for AM205 – Aircraft Operating Economics (AM205) This course focuses on the analysis of operating costs in the aviation industry. Topics include: aircraft scheduling, fuel, maintenance, depreciation, and other factors that affect the cost of an aircraft.

This course is intended to help learners understand how to make informed decisions regarding aircraft leasing.

AM205 – Aircraft Operating Economics (Course Fact Sheet)

Chapter 1

Introduction

Chapter 2

Operating Costs

Chapter 3

Fuel Costs

Chapter

AM205 Course Delivery Modes

Course Content

Assessing the Operating Costs of an Airline

The Flight Operations Manager (FOM) is responsible for ensuring that all operating costs are within budget and that the airline’s financial performance meets or exceeds the company’s targets. In this section you will learn about the processes involved in calculating operating costs, including how to assess your business’ current operating costs, and developing a business case for investment.

You’ll learn how to:

Calculate Operating Costs

Calculate fixed and variable costs of a business

AM205 Course Faculty Qualifications

Instructor: Dr. Dhananjay Singh Department of Mechanical Engineering, IIT Delhi E-Mail id: dhananjay@iitd.ac.in Phone Number : +91-11-2309 5167 Objectives After completing this course students will be able to: Understand aircraft operating economics through different means and apply them in decision making. Assess the impact of various economic factors on the choice between two or more aircraft. Analyse and model an aircraft economy and evaluate its results. Abstract:

AM205 Course Syllabus

Course Syllabus for AM205 – Aircraft Operating Economics (AM205) Page 2 of 3 AM205 Aircraft Operating Economics

3 1. General Information This is a three credit-hour course designed to teach students how to manage the costs of owning and operating an aircraft. The course will prepare students to make sound decisions regarding the aircraft they purchase and operate, how to price their operations in order to maximize profit, and what factors should be considered when purchasing an aircraft. Students will learn about the

Suggested AM205 Course Resources/Books

V.1.0.1

The following list of recommended books and course materials is only a partial list of suggested readings for AM205.

Books:

Pilliod, R.A., 1999, Aircraft Operating Economics, PWS-KENT Publications, ISBN 978-0-7506-5178-8

Morrison, D.R., 2004, Aircraft Operating Costs: A Financial Management Perspective, John Wiley & Sons Publishers (first edition published in 1996),

AM205 Course Practicum Journal

Course Practicum Journal for AM205 – Aircraft Operating Economics (AM205) A. Teaching in the USA: Programs at US airports (online, 15-20 hours; in-class portion of 4-6 hours per week) Several programs are offered through commercial schools and aviation academies (such as the NAVAIR, AFMI and FAA). The focus is on personal safety and business skills that will be transferable to the field. Some of these programs are self-paced while others have a

Suggested AM205 Course Resources (Websites, Books, Journal Articles, etc.)

– Johnson Controls Distinguished Professor of Management: Prof. David A. Guthrie, Ph.D., ABPP, is a Professor of Management in the College of Business Administration at Auburn University. His research interests include behavioral economics, family business and corporate governance. He has published articles on family business, strategic management and organizational behavior. His current research focuses on leadership and organizational change in family businesses. Professors Ebert and Guthrie developed the following course resources for the subject of AM205 (Aircraft

AM205 Course Project Proposal

Course Project Proposal for AM205 – Aircraft Operating Economics (AM205) Due date: 5pm EST, Friday, September 9th, 2016. Faculty Advisor: Dr. David Dusenbury NOTE: The instructor reserves the right to alter this project proposal in order to meet the needs of the students. You will be asked to work in groups and to prepare a presentation on your assigned topic, which will include a minimum of 3 slides and a maximum of 6 slides (

AM205 Course Practicum

provides the opportunity to test out of AM205 and transfer this course credit to your major. The AAS has developed an Aircraft Operating Economics (AM205) – Practicum Course for all AAS graduates. This course is designed to provide you with the opportunity to test out of AM205, by taking 4 hours of class time and a final project.

Course Prerequisites: None.

Location: Online via Canvas at https://aascollab.canvas.ucdavis.edu/ucdavis/aasc

Related AM205 Courses

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AM218 Courses for AM218 – Financial Accounting II: Theory and Concepts (AM218) – University of Nebraska

AM219 Courses for AM219 – Public Finance and Policy (AM219) – University of Nebraska

*More than one option will be selected based on the availability

Midterm Exam

Summer 2006 Course Information: AM205, Aircraft Operating Economics Credit Hours: 3.0 Prerequisites: None Co-requisites: None

Description:

This course will cover the following topics:

1. Introduction to Aircraft Operating Costs

2. Airframe Maintenance Cost Models

3. Cost Structures for Airline Operations

4. Depreciation and Lease Accounting

5. Cash Flows Analysis for the Aircraft Company.

6. Cost Estimating, Planning, and Budgeting (Cost Accounting)

Top 100 AI-Generated Questions

Exam

Getting Ready for AM205 – Aircraft Operating Economics (AM205) Exam

What is the aircraft operating economics subject code for AM205?

The Aircraft Operating Economics (AM205) exam is a 75-minute multiple-choice exam that covers topics related to aircraft, aircraft resources, and operational planning. This exam has two subparts: the first part is the management and economic analysis (MAE), and the second part is aircraft resource management (ARM). It is a core component of the AM175

What Should Students Expect to Be Tested from AM205 Midterm Exam

Course Syllabus

Date 12/4/2019, 8:00 AM-10:00 AM Location Gates B-68, University Hall, University of Minnesota-Duluth Instructor Sagi Dahan Time Assigned 1.5 hours

Course Information

AM205 – Aircraft Operating Economics (AM205) Course Syllabus

The purpose of this course is to introduce students to the basic concepts and principles of aircraft operating economics as they are applied in real-world airline operations.

This

How to Prepare for AM205 Midterm Exam

at Miami Dade College. This course covers the fundamentals of aircraft operations. The course is a self-study course.

To get AM205 Midterm Exam help, you can download free sample exam questions in pdf format from our website. After purchasing the AM205 Midterm Exam material and downloading it, you can use the sample questions to prepare for the actual exam.

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1. The term “environment” has been defined in the following way: (Points : 4) A social system that is an orderly collection of human institutions and resources. An organizational structure that allocates resources to meet customer needs. A set of rules, regulations, and standards established by government officials to regulate business operations.

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Test

Aircraft Operating Economics (AM205) Quiz Multiple Choice Questions 1 – 10 Questions Answer: A B C D E 2 – 10 Questions Answer: A B C D E

Aircraft Operating Economics (AM205) Quiz Multiple Choice Questions 11 – 20 Questions Answer: A B C D E 11 – 20 Questions Answer: A B C D E

Aircraft Operating Economics (AM205) Quiz Multiple Choice Questions 21 – 30 Questions Answer:

Final Exam

– 2019-2020

AM204 – Aircraft Systems (AM204) – 2019-2020

AM205 – Aircraft Operating Economics (AM205) – 2019-2020

AM206 – Aircraft Structural Design (AM206) – 2019-2020

AM207 – Aircraft Systems Support and Maintenance (AM207) – 2019-2020

This course introduces you to aircraft systems, particularly the essential functions, requirements, and equipment that constitute

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– March 22, 2018; AAMC Prep class for the March 29th release of the AMCAS application.

AAMC DAT Questions and Answers. The AAMC DAT Test is an entrance exam for medical school admission in the United States.It consists of two sections: Section 1 (the practice section) includes 120 multiple-choice questions, with answers rated on a scale of 1 to 4 and written in English. Section 2 (the practice test) is

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at University Of Central Arkansas?

What is the exam format?

The exam will be a 1 hour and 45 minutes multiple choice format. There are only three short answer questions (1 question per page). Each question is to be answered on one page of the exam. This means that students should not spend more than one minute on each question.

You may use a calculator during the exam. The exam has no penalties for incorrect answers.

For your first try, it is recommended that you go over the

How to Prepare for AM205 Final Exam

– Airline Management

1. What are the duties of the chief executive officer (CEO) of an airline?

2. Which of the following is an element of the cost-concept?

3. What are some benefits that can be realized from aircraft leasing?

4. Which of the following is not an activity which might be considered as a potential activity for an airline under ABC analysis?

5. Which one among the following is NOT one of the major decisions that must be made by the CEO when he

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at the University of Houston. All Questions Answered, and Explanation for each Question. All Questions Answered and Explanation for each Question.

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Week by Week Course Overview

AM205 Week 1 Description

This tutorial contains: (1) Student Learning Outcomes (SLOs) for this course, and (2) Course Overview to include classroom activities.

AM205 Week 1 Description for AM205 – Aircraft Operating Economics (AM205)

This tutorial contains:

Student Learning Outcomes (SLOs) for this course,

and

Course Overview to include classroom activities.

To View The Answer Click below Link

https://homework-answers.us/product/aircraft-operating-economics-am205/

AM205 Week 1 Outline

Week 1: Aircraft Operating Costs-Activity-Based Costing Unit 1: Activity-based costing- the effects of activity-based costing on organizational structure and processes. Activity-based costing (ABC) can provide managers with information they need to evaluate a company’s cost structure and operating effectiveness. Use the ABC information from your company to answer the following questions: 1. Why are cost drivers unique to an organization? What key concepts in economics or accounting theory explain their existence? What role do these concepts play in

AM205 Week 1 Objectives

For each of the following questions, please indicate which one is the best answer. 1. Using your understanding of demand, identify and describe some of the variables that affect price in a monopoly market. 2. Use the information in #1 to explain how cost per unit varies for various production levels for a company producing either a base or premium product.

3. Explain how price elasticity is related to cost per unit elasticity in a monopoly market.

4. Describe the supply curve and use it to explain

AM205 Week 1 Pre-requisites

Week 1 Pre-requisites for AM205 Week 1 Assignment: The Aviation Industry (AM205) Week 1 Read the case study titled “Aviation Industry Report,” in Chapter 3 of your textbook and complete the following tasks: Create a personal projection for your company’s revenue over the next five years. (Note: this should be based on the cost to produce an aircraft and is not to exceed $100,000) Include all fixed expenses. • Note that you can create either a

AM205 Week 1 Duration

10 Problem Set 2 Due Date: Day 7 [ANSWER KEY] Week 1 Assignment Part 1 – Aircraft Operating Economics (AM205) Use the information below to answer questions 1-4. Question #1 How does the cost of shipping a product affect its demand? Question #2 Which is more important for an airline to consider when determining the price of tickets? Airline operating costs or passenger loading? Question #3 What happens to airfares when a airline expands into

AM205 Week 1 Learning Outcomes

Week 1 Learning Outcomes for AM205 – Aircraft Operating Economics (AM205) Week 1 Learning Outcomes AFS201 Week 2 CheckPoint Compustat Questions

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AM205 Week 1 Assessment & Grading

STUDY

For more classes visit www.snaptutorial.com Week 1 The Operations Manager (AM205) In this assignment, you will: Review the assumptions of aircraft value-added modeling. Compare and contrast FBO revenue to direct air charter revenue. Analyze and compare direct charter to FBO revenue. Identify the major operating costs associated with an FBO, direct air charter, or a combination of both. Describe how these costs relate to the total operating cost for the organization. Describe how each cost

AM205 Week 1 Suggested Resources/Books

Check out the suggested books for the AM205 course. Download the complete list of suggested resources to AM205 Week 1 Suggested Resources/Books for AM205 – Aircraft Operating Economics (AM205) 5 pages Download File

Am206 Week 1 Dq 1 Southwest Airlines Case Study

Description: Southwest Airlines Case Study SWA: Manage Organizational Learning & Social Entrepreneurship Competency Mark Williams Mr. J Anderson, Instructor Deloitte University Press Spring 2014 Preparing Students

AM205 Week 1 Assignment (20 Questions)

Week 1 Assignment (20 Questions) for AM205 – Aircraft Operating Economics (AM205) Entire Course For more course tutorials visit www.uophelp.com INSTRUCTIONS: Please click on the assignment you wish to complete. For each assignment please post your answer to […]

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AM205 Week 1 Assignment Question (20 Questions)

Week 1 Assignment Question (20 Questions) for AM205 – Aircraft Operating Economics (AM205)

AM205 Week 1 DQ1 and DQ2 (2 PAGES EACH) for AM205 – Aircraft Operating Economics (AM205) Week 1 DQ1 and DQ2 (2 PAGES EACH) for AM205 – Aircraft Operating Economics (AM205)

AM205 Week 3 Assignment Question (10 Questions) for AM205 – Aircraft Operating Economics (AM205) Week

AM205 Week 1 Discussion 1 (20 Questions)

Week 1 Discussion 1 (20 Questions) for AM205 – Aircraft Operating Economics (AM205) For this week’s Discussion, complete the following: […]

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AM205 Week 1 DQ 1 (20 Questions)

Week 1 DQ 1 (20 Questions) for AM205 – Aircraft Operating Economics (AM205)

What is the effect of that?

AM205 Week 2 Quiz + True/False and Fill in the Blanks for AM205 Week 2 Quiz + True/False and Fill in the Blanks

For AM205 – Aircraft Operating Economics (AM205), complete the following: Part A: Which of the following is not a primary goal of an airline? A. to make as much

AM205 Week 1 Discussion 2 (20 Questions)

Week 1 Discussion 2 (20 Questions) for AM205 – Aircraft Operating Economics (AM205)

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AM205 Week 1 Quiz (20 Questions)

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AM205 Week 2 Description

Course: Aircraft Operating Economics (AM205) This course will assist you in understanding the relative importance of cost, value and risk in planning an aircraft purchase. The course covers the criteria for evaluating operating costs, the value of a well-managed fleet and various other issues that make up the key elements of operating costs. AM205 Week 2 Description for AM205 – Aircraft Operating Economics (AM205)

AM205 Week 2 Outline

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#2 Which of the following

AM205 Week 2 Objectives

AM205 Week 2 Learning Team Assignment Aircraft Operating Economics (AM205) Complete the Aircraft Operating Economics (AM205) Discussion board activity. Identify and describe the three economic functions involved in aircraft operation. Review a sample […]

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AM205 Week 2 Pre-requisites

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AM205 Week 2 Learning Outcomes

Week 2 Discussions Part A: Aircraft Operating Costs for AM205 Discuss the four main components of operating costs in aircraft. Consider the following: – Total Fixed Cost (TFC) – Variable Cost (VC) – Passenger Load Factor (PLF) – Per Seat Revenue Requirement (PSR) Identify each of these components and determine their relationship to aircraft operating costs. Week 2 Discussions Part B: Aircraft Maintenance and Repair Costs for AM205 The two major sources of aircraft maintenance are on the ground and

AM205 Week 2 Assessment & Grading

Week 2 Assessment & Grading for AM205 – Aircraft Operating Economics (AM205) Click Link Below To Purchase Homework http://www.homeworkmarket.com/downloads/AM205-Week-2-Assessment—Grading-for-AM205—Aircraft-Operating-Economics-AM205/6036 This paper requires a minimum of 4 pages, not including the cover page and reference page. The cover page and reference page do not count toward the required page count. While some web sites do

AM205 Week 2 Suggested Resources/Books

Week 2 Suggested Resources/Books for AM205 1. Aircraft Operating Economics (AM205) Weekly Suggested Readings – M/W/F 8:00am-9:30am, CPHC120. www.jamesmorrow.com – FEE: $25.00, All materials are electronic, but printed pages of the textbook can be provided upon request if you do not have a copy of it and/or access to your school’s library system. *The following books

AM205 Week 2 Assignment (20 Questions)

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AM205 Week 2 Assignment Question (20 Questions)

Week 2 Assignment Question (20 Questions) for AM205 – Aircraft Operating Economics (AM205) STUDENT NAME: ________________________________________________________________ The questions on the attached file represent common mistakes made by students when doing the question in the AM205 Unit 5 Course. First of all, I would like to say that these are very basic questions and should not be taken as a crutch to get you by. These should give you a good idea of how to perform well on this assignment, so read

AM205 Week 2 Discussion 1 (20 Questions)

Week 2 Discussion 1 (20 Questions) for AM205 – Aircraft Operating Economics (AM205) [Filename: am205week2d1.doc] – [Read Online] An essay or paper on Aircraft Operating Economics. It is the core of every aircraft company, and a major source of income, or the cost of operating that company.

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AM205 Week 2 DQ 2 (20 Questions)

WEEK 2 DQ 2 (20 QUESTIONS) For more course tutorials visit www.tutorialrank.com (AM205 Week 1 DQ 1 Aviation Market Demand and Supply Analysis – TutorialsPoint). Aviation market demand is the sum of all airlines’ expected travel demand, which includes all passengers, luggage, and freight, for a given travel market. This is usually expressed in demand units, like passengers per flight hour. Aviation market demand can be estimated as the total number of passenger miles

AM205 Week 2 Quiz (20 Questions)

Week 2 Quiz (20 Questions) for AM205 – Aircraft Operating Economics (AM205) https://study.com/academy/practice/aviation/week-2-class-project.html 1. The following questions are based on data from the 2008 FAA Operational Analysis of AM205 and are intended to assess how an operator would approach the allocation of aircraft between various operating conditions: A. What is the average fleet age of all types of aircraft in your fleet? B. How many days

AM205 Week 2 MCQ’s (20 Multiple Choice Questions)

Week 2 MCQ’s (20 Multiple Choice Questions) for AM205 – Aircraft Operating Economics (AM205)

Lec # Title Time (EST) 1 Introduction to Aviation Economics 2-3 Years 0 hrs 2 Theory of Aviation Demand & Supply 3 Years 0 hrs 3 Characteristics of the Aviation Market Structure: Industry Size, Location & Operation Structure, Distribution Channels, Regulations & Government Policy, Cost Factors and other factors. 5 Years 0 hrs 4 Airport Economics

AM205 Week 3 Description

This tutorial contains questions and answers about aircraft operating economics. It also provides an outline of the aircraft operating economics process. This includes how aircraft operate, what it costs to operate the aircraft and what it costs to maintain the aircraft. The main goal is to provide you with a basic understanding of the subject so that you can assess your own company’s or organization’s situation, prioritize improvements and understand potential areas for cost reductions.

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Please use these as a reference

AM205 Week 3 Outline

Week 3 Outline for AM205 Aircraft Operating Economics (AM205) Complete the week three outline assignment. This assignment has the following sections: Cover Page Title Page Table of Contents Introduction Overview Cost Drivers Aircraft Operations Planning & Control Project Description Section 1: Company Background & Mission Section 2: Market Analysis Section 3: Product Analysis Section 4: Product Price Analysis Section 5: Current Costs of Production Chapter 5 – Cost Drivers The challenge is to determine which cost drivers are the most important.

AM205 Week 3 Objectives

Week 3 Objectives for AM205 – Aircraft Operating Economics (AM205) View the attached file. Prepare a 4- to 6-slide Microsoft® PowerPoint presentation that addresses the following: Identify an airline/airframe manufacturer and determine their operating cost per flight hour. From this list, you must select one airline/airframe manufacturer to provide information about: The way the company operates its business. What types of aircraft are used. How much money is allocated to various expenses and how they are

AM205 Week 3 Pre-requisites

All Week 1 – AM205 Basics (AM205) All Week 2 – Boeing 737 AIRCON (AM205) All Week 3 – Airplanes and Aircraft (AM205) All Week 4 – Airlines and Airports (AM205) All Week 5 – Aircraft Maintenance (AM205) All Week 6 – Aircraft Ownership and Financing (AM205) All Week 7 – Airlines and Airports (AM205) All Week 8 – Airplanes and Aircraft (AM

AM205 Week 3 Duration

Instructor: Daniel P. Quintero

Instructor’s Name:

Date:

AM205 Week 3 Duration for AM205 – Aircraft Operating