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AVI 344: Corporate Aviation

AVI 344: Corporate Aviation
Chapter Review Questions:
Chapter 5 (Page 95-130) & Chapter 11 (Page 267-290)
Management Guide – section 2, Appendix A and B

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Briefly describe the advantages of or the reasons for having Standard Operating Procedures (SOPs).
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Explain why it is critical that everyone follow SOPs without deviation. AND is there a time that you should or can deviate from SOPs?  Explain your reasons for deviating from SOPs.  [10-points]
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What is a QRH and why is it important to have one for each pilot seat in an aircraft? [5-points]
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Why would you want to conduct a “feasibility study” to determine if your company would need to contract for air transportation or to purchase your own aircraft? What type of information would you need to gather in order to make such a determination?  [10-points]
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For Airlines or Part 121 operators, the mandatory retirement age is 65 years. What is the mandatory retirement age in the Corporate/Business Aviation and who AND what determines the retirement age?     [5-points]
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Briefly describe what each of the following insurance covers or protects. [5-points each]

Hull Insurance
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Aircraft Liability Insurance
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Non-Owner Aircraft Liability
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Airport Liability Insurance
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Workers Compensation and Employers Liability Insurance
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What is the difference between an “Operational Lease” and “Capital Lease”? [5-points]
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List a minimum of four (4) and explain some of the key factors that you should consider when purchasing an aircraft for your company. [20-points]
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Briefly explain or list four (4) criteria used to set insurance premium rates by insurance companies [20-points]
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What is a “DRAM rider” or what is it used for? [5-points]
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