Bankruptcy Predictions for Air Carriers: Global Market

Borodin, Alex; Pyatanova, Victoria; Yashin, Anton

doi:10.17323/1813-8691-2019-23-3-418-443

Cited by 8 publications

(6 citation statements)

References 3 publications

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“…In the airport industry, the trust owns assets in Southeast Asia, China, and Latin America. On average, Utilico invests up to 7% of its working capital in airports, including Shanghai International Airport in China and Wellington Airport in New Zealand [13]. Children's Investment Fund (CIF) is a hedge fund and one of the main investors in Aeropuertos Españoles y Navegación Aérea (AENA), a Spanish airport operator.…”

Section: Identification Of Psychophysical Characteristics Of Clients ...mentioning

confidence: 99%

“…Informatization is the socio-economic and scientific-technical process of creating optimal conditions for meeting information needs and intensifying the economy through the introduction of information technologies. In turn, computerization is the process of providing individuals and production teams with computer and communication equipment, as well as appropriate software [13]. The ultimate goal of such measures is to leverage information technology as a key factor in enhancing the effectiveness of the organization [14].…”

Section: Introductionmentioning

confidence: 99%

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Development of an Investment Management Model for Air Carriers

Sadvakassova,

Nurmagambetova,

Kassenova

et al. 2023

IJC

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For Kazakh airlines, the issue of using information technologies (IT) is relevant and complex, since the increased competition and partially identical business practices by companies in the same industry force the accelerated implementation of such technologies in their activities. It is necessary to consider and systematize information technologies and systems used by leading air carriers in order to structure them and determine the formats of their use in airlines. The methodological framework of the study consists of the dialectical, system, and historical approaches, fundamental provisions of economic theory, the theory of information economy and innovative development, and studies conducted by scientists-economists devoted to the development of the information society and the problems of company functioning in the information economy. As a result, the investment project assessment for the implementation of information technologies was calculated, which clearly demonstrated the capabilities of such systems as a tool for improving competitiveness, and proved their fast payback period and positive impact on the company.

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Section: Identification Of Psychophysical Characteristics Of Clients ...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Development of an Investment Management Model for Air Carriers

Sadvakassova,

Nurmagambetova,

Kassenova

et al. 2023

IJC

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“…Thomas Cook, although of changes in ownership, it is still the largest travel agency in Great Britain with hundreds of branches (Polat & Arslan, 2019). This graph indicates how Thomas Cook's profit rapidly declined (Borodin, 2019). The 23rd of September 2019 will always be memorized as the biggest tourist bankruptcy in the tourism industry, after failing to secure the $1.37 billion it needed to stay afloat, canceling its reservations and stranding hundreds of thousands of travelers (Elmarzouky et al, 2022).…”

Section: Bankruptcy Of International Tour Operator "Thomas Cook"mentioning

confidence: 99%

The Impact of Bankruptcy of International Tour Operators on Incoming Tourism to Egypt- A case study of Thomas Cook

الجزار

2023

مجلة المعهد العالي للدراسات النوعية

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Tourism is an essential facet of the global economy and is considered one of the driving forces for socioeconomic growth and job creation. However, the tourism industry is susceptible to crises of varying degrees, which can negatively impact businesses and destinations involved in the sector. This research aims to study how the bankruptcy of tourism firms, utilizing Egypt as a study context alongside Thomas Cook, affects tourism movement at the destination level. The aim and objectives of the research: Study Aim: To examine the impact of corporate bankruptcy on the tourism industry in Egypt. Objectives: a) To analyze the current state of Egypt's tourism industry and identify key challenges, including the impact of previous corporate bankruptcies. B) To explore the perceptions of key tourism stakeholders in Egypt regarding how corporate bankruptcy impacts tourism operations, activities, and destinations. C) To determine how corporate bankruptcy crises influence tourist visitation. Research Methodology: Conceptual methodology: The research is based on secondary resources and foreign references. Literature review on crisis management, resilience, and corporate bankruptcy theories. Empirical methodology: The research instrument employed an

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“…Economic theory and practice have identified the private sector as a major factor in ensuring the dynamism and efficiency of economic development. The type of national economy began to be recognised as a rational model, where the maximum space for the development of private capital and the maximum liberalisation of the conditions of its functioning is provided (Koshyk, 2011;Bondarenko et al, 2019;Borodin et al, 2019). In this context, privatisation is considered as a way to increase the efficiency of the economy and economic growth, which is achieved by reforming property relations, in particular, overcoming monopolies.…”

Section: Introductionmentioning

confidence: 99%

Privatisation in Ukraine as a Deterrent to the Innovative Development of the National Economy

Paryzkyi

Ivanchov

Antonova

2021

EEA

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The study investigates the stages and features of privatisation in Ukraine. it describes the impact and consequences of privatisation on the economic potential of the country. The main features and problems of the privatisation process in Ukraine are identified. Theoretical and practical analysis of the consequences of privatisation of state property on the innovative development of Ukraine's economy has been carried out. It was established that the withdrawal from state ownership by means of privatising enterprises is a challenge that negatively affects innovation activity, because it is mainly associated not with the creation of "know-how" to ensure economic development, but with encroachment on material resources states with the motive of enrichment, which leads to the cessation of development and introduction of existing (often imported) technologies and, as a consequence, threatens the internal innovation potential and national security of the country. The proposed ways to reform the privatisation process are aimed at mitigating the consequences of unfair privatisation to strengthen the competitiveness of the national economy, its innovative development and improve the social situation of citizens of Ukraine.

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Bankruptcy Predictions for Air Carriers: Global Market

Cited by 8 publications

References 3 publications

Development of an Investment Management Model for Air Carriers

Development of an Investment Management Model for Air Carriers

The Impact of Bankruptcy of International Tour Operators on Incoming Tourism to Egypt- A case study of Thomas Cook

Privatisation in Ukraine as a Deterrent to the Innovative Development of the National Economy

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