• Journal of the Korean Society for Aviation and Aeronautics
• /
• v.31 no.4
• /
• pp.28-44
• /
• 2023

This study investigates aircraft lessor business models by studying cases and interviewing experts to analyze investors and business strategies of aircraft lessor. The results confirm that there is a wide range of investors including institutional investors, financial institutions, insurance companies, corporations, and wealthy individuals for aircraft lessor. Aircraft lessors can be categorized based on its required rate of return (cost of capital) into bank-investing core, institutional investor-investing value-added, and hedge fund-investing opportunistic. Aircraft lessor decides leasing rate by aircraft purchasing price and lessee's credit rating. Core aircraft lessors invest in new aircrafts for new placement or sale-and-leaseback strategy requiring little technical risk in aircraft, value-added lessors invest in middle-aged aircrafts for re-leasing, opportunistic lessors invest in old aircrafts for freighter conversion or part-out strategy requiring high level of expertise. This study provides insights for future Korean aircraft lessor establishment and investment.

• Current Industrial and Technological Trends in Aerospace
• /
• v.8 no.1
• /
• pp.12-22
• /
• 2010

The great recession which caused by financial crisis made steep rise of oil price and the serious problems of the aircraft industry. High oil price increases operating cost and the recession decreases air traffic. After a period of high book order and delivery from global economic recovery, the aircraft order fell down suddenly. Also the Aircraft price and lease rate deceased and the MRO market is reduced, too. But, the air cargo and passenger increase again since late of 2009. So, it is difficult to predict the market movement, most of the forecasters agreed that the air traffic and aircraft demand will grow gradually in long term with the growth of emerging markets like China, India and Africa. And more efficient, safe and clean aircraft is needed and will need in the market.

• Journal of Korean Society for Quality Management
• /
• v.40 no.3
• /
• pp.316-326
• /
• 2012

Purpose: In this paper, a Design for Six Sigma(DFSS) methodology based on DMADV(Define-Measure-Analyze-Design-Verify) roadmap is presented. Methods: DFSS tools are given for each DMADV phase which is suitable for the aircraft development process. A cost reduction case study of a navigation simulation is demonstrated. Results: DFSS roadmap are presented with implementation tools for each phase. Conclusion: We propose a DFSS methodology which can benefit the design and development personnel to implement DFSS not only in aircraft industry but also in other order-based industries in general.

• Current Industrial and Technological Trends in Aerospace
• /
• v.6 no.1
• /
• pp.14-24
• /
• 2008

After 2001, the world aircraft industry grows consistently with world's economic recovery. The environmental changes after 9.11, including the market decent and revival, rise in oil price, and the environmental problems, make the aircraft industry change gradually. The increasing demand of point-to-point flight needs over 200 seat class large jets and changes the main model of regional jet over 100 seat class. And the needs of various flight schedule raises the demand of business jet and VLJ. The competition between airliners including the main streams, the regionals and the low prices goes harder and it needs more efficient airplanes which reduce the cost. In the military side, still the development of 5th generation fighter is proceeding and it diffuses to the more countries. Before its popularization, the 4th generation fighter is chosen for good alternatives of it. And there are some changes in the military demand after the war against terrorism. The army needs more unmanned reconnaissance and they want new aircraft which gives more accessibility.

• Journal of the Korean Society for Aviation and Aeronautics
• /
• v.14 no.4
• /
• pp.48-59
• /
• 2006

This Study focused on the process of technology transfer for the aircraft development program by the strategic alliance. Especially, this study showed how the learning firms absorb new technology from the foreign leading company. This case study concludes that teachability, asset specificity, relation capital with partner, information sharing system in organization and knowledge base are key factors for absorbing the new technology from the technology leading partner.

• Journal of Aerospace System Engineering
• /
• v.14 no.6
• /
• pp.36-43
• /
• 2020

The purpose of this study is to present the internationalization of South Korea's aircraft maintenance certificate for mutual recognition of aircraft maintenance license qualifications among various countries in preparation for an internationalization of the work conducted by the aviation industry. To achieve this objective, this study reviews the aircraft maintenance license training system and compares the standards for aircraft maintenance certification established by the Convention on International Civil Aviation with the standards for issuing domestic aircraft maintenance licenses. This comparative analysis shows that the domestic curriculum of aircraft maintenance licenses differs from international standards. As a result of this study, an improvement plan of the education content was proposed to enable the licensing qualifications of domestic aircraft maintenance licenses to be mutually recognized among different countries.

• Korean journal of aerospace and environmental medicine
• /
• v.30 no.3
• /
• pp.91-94
• /
• 2020

The coronavirus infectious disease-19 (COVID-19) pandemic has had a profound impact on the aviation industry. In order to overcome this crisis, airlines have made their efforts in various fields. Therefore, we tried to summarize these efforts of airlines. It is also essential to keep aircraft that have been in landing for a long time in optimal condition. In this paper, we tried to find out about efforts to maintain landing aircraft and maintenance of personnel. Through such constant care, airlines will be able to quickly respond to increasing aviation demand when the infectious disease situation is stabilized in the future. Finally, airlines and passengers must make several efforts to ensure that passengers are free from COVID-19 while traveling by air. These include general precautions to prevent infection, separation of airline personnel and passengers, changes in seat assignments and in-flight services, periodic aircraft disinfection, and prevention of in-flight infections.

• International conference on construction engineering and project management
• /
• 2015.10a
• /
• pp.310-312
• /
• 2015

Small Unmanned Aerial Systems (SUAS) have been gaining a special attention in the U.S. recently because it is capable of getting aerial footages conveniently and cost effectively, but also because of its potential threat to the safety of our society. Regarding the benefits, one can easily find successful cases. For example, remote controlled or pre-programmed unmanned aircraft help ranch owners monitor their livestocks or crop harvesting status cost-effectively without having to hire human pilots. The professionals in the construction industry also acknowledge the benefits they could gain from using SUAS. Some firms already use a small unmanned aircraft for monitoring their construction activities, which may help project managers figure out construction progress, resolve disputes in real time, and make proactive decisions for quality control. However, there are many technical challenges that my hinder the use of small unmanned aircraft in the construction industry. This paper explores opportunities and challenges in using unmanned aircraft to monitor concrete cracks on the surface of containment building in the nuclear power plant.

• The Korean Journal of Air & Space Law and Policy
• /
• v.27 no.2
• /
• pp.193-209
• /
• 2012

China's airline industry is experiencing a booming development as one hand, on the other hand the incidents involving unruly behaviour on board aircraft also becomes a growing concern for the whole industry. The thesis examines the basic issues concerning the unruly behaviour, such as definition of unruly behaviour, the impact and root causes of unruly behaviour. Then it focuses on the China's legal sources governing the problem of unruly behaviour. Generally speaking, China's legislation with this respect is systematic and self-contained, except some minor shortcomings which need to be revised. Finally the thesis holds the view that the preventative measures jointly contributed by all the parties concerned are something more important than the legislation itself.

• Journal of Aerospace System Engineering
• /
• v.9 no.2
• /
• pp.19-24
• /
• 2015

Export basic trainer was designed to add armed configuration required by customer. Design configuration of main wing was changed to satisfy changed internal load caused by armed configuration. It was verified that design changed main wing airframe of export basic trainer satisfy the requirement through the structural detail analysis, structural ground test and flight test. This paper presents the durability test procensure and test result for the main wing of export basic trainer.