Introduction to the Air Transport Business Ecosystem and Operations

Kostas Iatrou

Air transport is a critical element of modern societies, involving many different actors that need to work in collaboration. Each actor has a different structure, and the systemic nature of the industry requires harmonious cooperation among all. The functions of each stakeholder can vary significantly, as can their life cycles. Many actors’ roles have changed over the decades. The aviation industry seems to revolve around airlines and airports, but these are part of a broader chain: regulatory authorities/governments, ground handling providers, air navigation service providers, aircraft/engine manufacturers, and others play a decisive role in the smooth operation of the air transport ecosystem. Only through cooperation, on a common basis and with common standards, can smooth operation be achieved. 

Safety and security are the two main challenges in aviation. However, operations are affected by external factors/shocks, such as COVID-19, oil crises, and geopolitical situations. In today’s climate change environment, the sustainable development of the sector represents a priority, and the industry is called upon to find solutions.  

Considering the above, the aim of this course is to provide students with a broad understanding of the structure and operations of air transport across various stages, offering knowledge about each actor’s role and the risks and challenges faced by the industry. 

Upon successful completion of this unit, students will be able to: 

  • Understand what the ecosystem of air transport businesses is. 
  • Identify and recognize the key stakeholders involved in air transport and their roles. 
  • Integrate interdependence, the systemic nature of air transport and the interaction amongst different stakeholders. 
  • Assess the role of air transport for the local, regional, and global society and economy. 
  • Identify and evaluate the risks and challenges impacting the air transport system and its functions.