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  • Flying Too Close to the Sun: The Success and Failure of the New-Entrant Airlines

    Flying Too Close to the Sun by Gudmundsson, Sveinn Vidar;

    The Success and Failure of the New-Entrant Airlines

    Series: Ashgate Studies in Aviation Economics and Management;

      • GET 20% OFF

      • The discount is only available for 'Alert of Favourite Topics' newsletter recipients.
      • Publisher's listprice GBP 89.99
      • The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.

        42 992 Ft (40 945 Ft + 5% VAT)
      • Discount 20% (cc. 8 598 Ft off)
      • Discounted price 34 394 Ft (32 756 Ft + 5% VAT)
      • Discount is valid until: 31 December 2025

    42 992 Ft

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    Availability

    Estimated delivery time: Expected time of arrival: end of January 2026.
    Not in stock at Prospero.

    Why don't you give exact delivery time?

    Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.

    Short description:

    This book examines the causes of failure of most new entrant airlines and the environment they operate in. Much attention is given to the new entrant’s strategy and management, in order to explore past deficiencies and pave the way for successful new strategies. Recent new entrant airlines are examined.

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    Long description:

    Since deregulation in the United States, most jet operating new-entrant carriers have failed. Theories on competition had been put to the test and reality turned out to be different to the vision. To begin with many new-entrant airlines were successful, but were not able to create sustainable strategies to survive as incumbent carriers adjusted to the new operating environment. This book explains the complex issues that led to the almost total failure rate of the 'first wave' new-entrant airlines. The background to the pre-nineties failure predicament is examined in order to give a good overview of the characteristics of new-entrant airlines and of the environment in which they operate. Attention is given to the new-entrants’ strategies and management in order to explore past deficiencies and to pave the way for successful new strategies. The author covers the new-entrants’ structure and then identifies critical factors through distress/failure prediction models. His approach is broad, and conclusions on airline failure are based on a dynamic framework, rather than a simple prescription for success or how to avoid failure. It is hoped that the reader will thereby come to recognize more fully the adaptability of incumbent airlines as well as the past mistakes of new airlines and gain some insights into new airline strategies. The book is in two main parts. The first part establishes what sort of an environment the new-entrants encounter. The second part gives results of a survey research giving an insight into management priorities and organization characteristics at new-entrant airlines and their linkage with good and poor performance. In addition critical factors are derived from failure and distress prediction models based on survey data and financial and traffic data on new-entrants. The final chapter brings together the various parts of the book and covers an inventory of new-entrants’ critical factors. The readership includes managers in

    ’...an excellent analysis and overview of the problems facing new entrant airlines from both a practical and an academic angle...a substantial achievement and recommended to all involved in the industry.’ The Aerospace Professional ’This is an interesting and highly relevant topic and the book succeeds in providing an objective and impartial analysis...it is strong on empirical data...one of the few books to address this important subject...contains much that is both stimulating and original.’ Journal of Air Transportation World Wide 'Gudmundsson provides an authoritative voice that simply states what he sees in the tables, charts and statistics and analyses them to great and, I would say, sturdy conclusions. ...A no nonsense guide to a complicated business which always, financially at least, lives on the edge.' M2 Best Books website, January 2004

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    Table of Contents:

    Contents: New-Entrant Airlines’ Success and Failure: Theory, Strategy and Policy: The new entrants; The operating environment; The anatomy of a new-entrant; Competition strategy. Airline Success and Failure Assessment: Theory and Application: The question of success or failure; The survey research; Looking into the crystal ball; Assessing new entrant airlines; Critical factors; Appendices; References; Index.

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