Pakistan Aviation Management By

Total Page:16

File Type:pdf, Size:1020Kb

Pakistan Aviation Management By 1 Ph.D. Thesis COST EFFECTIVE LOW COST CARRIER (LCC) PAKISTAN AVIATION MANAGEMENT BY UNIFIED AIRCRAFT POLICY Dewan Abdullah Farooqui Department of Business Administration, Research Scholar, Greenwich University Karachi Contact: [email protected] Mobile: +92300-8225651 Supervisor: Prof. Dr. Hiro Takahashi at Greenwich University 2 Abstract The study conducted for this thesis analyzes the aviation industry from the global perspective in general and from the Pakistan perspective in particular. The initial part of the research comprises of the in-depth study and the historical analysis of the global aviation scenario i.e. how the aviation industry has become a major and fastest source of transportation globally since the inception of regular air services in the earlier 20th century till to-date. Later part of this research focuses on the cost effective Low Cost Carrier (LCC) aviation model in Pakistan. To achieve the cost saving management, unified aircraft operation policy was proposed. To select right aircraft for Pakistan’s domestic and regional markets, multiple evaluation factors were considered for better matching of physical requirements. The unified aircraft fleet is a biggest factor to reduce the total operating cost. Moreover, the research on cost effective management by employing Enterprise Resource Planning (ERP) LCC based aviation business in Pakistan was also undertaken. An elaborated analysis of the operations and functioning of ERP in LCCs’ different business divisions with real-life analysis was conducted. It was concluded that ERP modified for unified aircraft policy will give the significant improvements of the value of operation compared to the Traditional Management, General ERP, and combination of both of them. Eventually, this research shows the potential of 8.7% increase in profits from original management policy. 3 CHAPTER 1: BACKGROUND 1.1 Aviation Market Prior to the liberalization of the aviation policies in the decades of the 1960s and the 1970s, air travel in the US and the Western Europe was limited only to the privileged and high-end customers; they were the only ones who could afford and spend a substantial amount of money. Those decades are still marked as the golden period for the airlines as their profit margins were soaring and the aviation business was protected by the stringent regulatory environment safeguarding the interest of very few state-run and mega-airlines. Those were the times when fuel cost was not at all a major concern and airlines were enjoying strict regulatory protections. The entry barriers and protections under the regulatory regimes were preventing the entry of new competition in the market e.g. in the form of limited issuance of airlines operating licenses and the route-permits were dedicated only to the specific airlines based on the bilateral agreements. In the mid 1970s, liberalization of the industry and open sky policies initiated by the Government of the United States (U.S.) marked the beginning of the end of the golden period of the aviation business. Many mega-carriers particularly in the U.S such as Pan Am, TWA, Braniff, and Eastern airlines etc. could not sustain the tsunami of the causes and effects of the post liberalization period. Regardless of the brutalities of the liberalization of the aviation policies that caused the debacle of many mega-carriers and the considerable shrinking of airlines' profit- margins; globally all types and stratum of the consumers felt its larger benefits overwhelmingly. The free-competition environment gave way to the entry of highly efficient new airlines that brought the fare down to the level that it made possible for the masses to avail and afford air transportation 4 with ease and convenience. A new breed of carriers came into existence, which relied heavily on enticing customers solely on the basis of value-proposition. The Asian aviation market in the last two decades grew manifolds mainly due to the rapid economic growth in the Asian Pacific countries namely Asian Tigers and also due to the large size of population scattered in the vast Asian countries marked with poor land-transport infrastructure. The passenger market in Pakistan is in the early stages of the mass customization and the growth in its aviation market suggests that there is an organic and modest growth in the last few decades. The air traveling public in Pakistan is still consisting of a very small proportion of the total population. The lack of service efficiencies and market stimulations due to the presence of few incumbent-carriers in a highly oligopolistic environment gives a bleak picture of Pakistan aviation market. There seems to be a wide demand and supply gap in the air passenger market. The Pakistan domestic market is under-served and frequency- starved. The objective of the research is primarily aimed at finding the most suitable fleet of aircraft that provides maximum economic gains that strengthens the domestic and regional network within and from Pakistan. 5 1.2 Research Design and Methodology The thesis will utilize numerous different approaches in order to give justifiable proposal. These approaches are highlighted below: The descriptive approach will be taken initially for the comprehension of the global aviation industry. This approach aims primarily at gathering knowledge (i.e. descriptions and explanations) about the global aviation industry. The intricacies and the complexities associated with the air travel industry marks the aviation business as one of the most volatile businesses. Later, normative approach will be taken to define how the airline business should be conducted in the peculiar Pakistani environment, which means that it will be necessary to define the subjective point of view that shall be used. If required, applied research will be engaged in order to support subjective views backed with scientific support and research to arrive at practical solutions. Additionally, empirical research approach will also be taken to observe and measure phenomena and occurrences in order to derive knowledge from actual experiences rather than from theory or belief. Following are the salient features of the Research Methodology. 1. Investigate the demand of domestic and international routes and flight frequencies with- in and from Pakistan. 2. Make a mark sheet to evaluate right aircraft. 3. Select the most adequate aircraft model for Pakistan aviation business. 4. Propose Unified Aircraft Policy for Pakistan LCC business. 5. Propose modified ERP function for Unified Aircraft Policy. 6. Evaluate the impact of operation expenses by each case of aircraft model. 7. Evaluate the availability of flight frequencies by accuracy model. 6 8. Evaluate ERP functions in comparison to traditional aviation management. 9. Estimate the expected cost reduction by proposing Unified Aircraft Policy. 1.3 Specific Aims and Objectives The specific aim and objective of the report is to propose Pakistan’s specific Low Cost Aviation Model by adopting unified aircraft policy and modified ERP functions. 1.4 Constraints The statistical data sourcing and collection pertaining to airlines and airport operations in Pakistan is either unavailable or available in limited and unrefined form. At times, the data available in the country is outdated as compared to the availability of data in the developed world. However, the above constraint can be surmounted as global aviation data is available from the international sources and governing bodies such as International Air Transport Association (IATA), International Commission on Aviation (ICAO), Federal Aviation Agency (FAA), European Aviation Safety Authority (EASA), and also from the major aircraft manufacturers such as Airbus, ATR, Boeing, Bombardier and Embraer. Aviation related periodicals and magazines, bulletins, and aviation-consulting agencies are also good sources for secondary data collection. 7 CHAPTER 2: THE HISTORY OF GLOBAL AIR TRAVEL 2.1 The Nascence of Flying Man has always been seeking possibilities of soaring through the skies like birds right from the beginning of the known history. The tales and myths from the ancient civilizations from varied periods and regions depict humanoid characters, gods, iconic objects and figures having mystical flying capabilities. The Renaissance period is marked by the Leonardo da Vinci’s most famous invention ‘the Flying Machine’ displayed the power of human imagination inspired from the nature and enthusiasm for the potential of flight. Long before the Wright Brothers, a Turkic man by the name HezarfenAhmatCelebi in 1638 AD made a successful attempt of flying almost 1.5 km and became the first ever human being to fly on his own. (Jones, 1998) Even though the developments in aviation seem multifaceted and complex but astonishingly the absolute progress took place in just a little more than hundred years i.e. from the early twentieth century. It was the passion and perseverance of the two brothers Orville and Wilbur Wright that brought a significant development, which altered the landscape of the contemporary world. Their dedication and hard work earned them a title of being pioneers of modern aviation. Neil Armstrong’s iconic words “That’s one small step for a man, one giant leap for mankind” are in fact more appropriate to the momentous flight in 1902 made by the Wright Brothers on their newly designed glider. It wasn't until December 17, 1903 that their airplane, named The Flyer made the first controlled and powered flight in history lasted only twelve seconds
Recommended publications
  • Airline Schedules
    Airline Schedules This finding aid was produced using ArchivesSpace on January 08, 2019. English (eng) Describing Archives: A Content Standard Special Collections and Archives Division, History of Aviation Archives. 3020 Waterview Pkwy SP2 Suite 11.206 Richardson, Texas 75080 [email protected]. URL: https://www.utdallas.edu/library/special-collections-and-archives/ Airline Schedules Table of Contents Summary Information .................................................................................................................................... 3 Scope and Content ......................................................................................................................................... 3 Series Description .......................................................................................................................................... 4 Administrative Information ............................................................................................................................ 4 Related Materials ........................................................................................................................................... 5 Controlled Access Headings .......................................................................................................................... 5 Collection Inventory ....................................................................................................................................... 6 - Page 2 - Airline Schedules Summary Information Repository:
    [Show full text]
  • M0285 OCR (CS 150Dpi).Pdf
    @[3(£cMarconi AVI()NICS House Journal of GEe-Marconi Avionics Limited Issue 2 PRINCE OF WALES MASSIVE DONATION HANDED OVER TO AWARD FOR GMAv MEDWAY SCANNER APPEAL A revolutionary new collections, sponsored swims, thermal imaging sensor, "The Gift is Right" - sales of books and other arti­ with wide application to John Colston cle s, and big social and sport­ "Some said it was ing events. All these - and emergency and security 'impossible' . Others said many more - have , together, services, has won the 1993 'extremely ambitious' ", said invol ve d thousands ·of ge ner­ "Prince of Wales Award Dr Mohan Ve lamati, Chairman ous people. for Innovation". of the Me dway Scanner Four Times Over Target! Appeal, re ferring to the Fund's The Aw ard was presente d £1 million target when he Over 70 pe ople re presenting jointly to GEC-Marconi came to Airport Works in all those who had de dicated Avionics, Sensors Division, April to re ceive a cheque for time and effort to our fund­ with GEC-Marconi Materials £101,445. raising were at the ce remony Technology and the Defence hosted by Divisional Manag­ Re se arch Agency. The ce re­ This spectacular contribu­ ing Director John Colston for mony took place at the UK Fire tion to the Fund has been the cheque handover. He said Service College at Moreton-in­ raised during the last two years "W hen a Committee was Marsh, Gl ouce stershire , and by the efforts of Rocheste r empl oyee s and their families forme d to co-ordinate the was broadcast during the Company's Appe al, we BBCl "Tomorrow's Worl d" taking part in, and contributing to, a host of events both thought a target of £25,000 programme on Wedne sday, serious and funny.
    [Show full text]
  • Series Descriptions
    [The records in this collection are arranged by theme and in some cases format. Themes were identified by analyzing folder titles. Topic modeling analysis of the folder titles in these themes confirmed that they logically reflect the data contained therein. Descriptions include information pertaining to: how the records were acquired by the company (i.e., natural accumulation, created by the company, targeted collection), subjects present, types of material, strengths and weaknesses, historical context, and cross references. When possible, terms from the Library of Congress Authorities Thesaurus and Art and Architecture Thesaurus were used. Not all series are described.] (I.) CORPORATE AND THIS SERIES CONSISTS OF RECORDS CREATED AND ACCUMULATED BY GENERAL EXECUTIVE LEVEL AND EXTRA-DIVISIONAL OFFICES, SUCH AS THE BOARD 1920-1994 OF DIRECTORS, AND RECORDS THAT ARE GENERAL IN SCOPE. (I.A.) Awards and Accolades This series consists of awards and accolades received by the company and its 1929-1983 officers from a variety of organizations. It includes certificates, commendatory letters, and correspondence (letters, memos, telexes, telegraphs, etc.). For photographs pertaining to this series, see “Photographs, Corporate and General”. (I.B.) Bankruptcy This series consists of records created and accumulated during the company's 1990-1994 bankruptcy, and includes records pertaining to the transfer of assets to Delta Airlines. (I.C.) ByLaws and Policies This series consists of corporate bylaws (by-laws) and policies and includes 1927-1987 correspondence (letters, memos, telexes, telegraphs, etc.), certificates of incorporation, and interlocking relationship agreements. See also "Records of the Executive Officers, Secretary" for early development of bylaws and policies; see "Divisions and Affiliates" for bylaws and policies pertaining to specific divisions and affiliates; and see “Personnel, Policies and Procedures” for 1 personnel policies.
    [Show full text]
  • Historia De La Aviación Comercial Desde 1909 Hasta Nuestros Días
    FACULTAT DE FILOSOFIA I LETRES, DEPARTAMENT DE CIÈNCIES HISTÒRIQUES I TEORIA DE LES ARTS HISTORIA DE LA AVIACIÓN COMERCIAL DESDE 1909 HASTA NUESTROS DÍAS TESIS DOCTORAL PRESENTADA POR EL DR. MARTÍN BINTANED ARA DIRIGIDA POR EL DR. SEBASTIÁ SERRA BUSQUETS CATEDRÀTIC D'HISTÒRIA CONTEMPORÀNIA PARA OPTAR AL TÍTULO DE DOCTOR EN HISTORIA CURSO ACADÉMICO 2013/2014 Martín Bintaned Ara 2 Historia de la aviación comercial Resumen Esta tesis doctoral investiga acerca de la aportación de la aviación comercial a la historia contemporánea, en particular por su impacto en las relaciones exteriores de los países, su papel facilitador en la actividad económica internacional y por su contribución al desarrollo del turismo de masas. La base de trabajo ha sido el análisis de la prensa especializada, a partir de la cual se han identificado los casos innovadores. Gracias al análisis de su origen (tecnológico, geo- político, aero-político, corporativo, de producto y en la infraestructura) y a su contextualización, hemos podido trazar la historia de la aviación comercial desde su origen en 1919 hasta nuestros días. Palabras clave: Historia contemporánea, Aviación comercial, Política aérea, Relaciones internacionales, Turismo, Innovación, Aerolíneas, Aeropuertos Abstract This doctoral thesis analyses the contribution of commercial aviation to the contemporary history, particularly in the field of external relations, international economy and mass tourism. We have identified all innovations with a structural impact on the industry through specialised press, considering the changes on technology, geopolitics, aeropolitics, business models, product and services, and infrastructure. This methodology has allowed us to write the history of the commercial aviation since its origin in 1919.
    [Show full text]
  • Islamabad Airport Flight Schedule International Departures Today
    Islamabad Airport Flight Schedule International Departures Today Echoless John-Patrick labours his gelatinisation sneezed opulently. Hyaline Vachel outwitting equitably and proscriptively, she slakes her joes epigrammatizes thither. Liberalistic Floyd sometimes ferments any heptasyllabic liquidize syndetically. This regard to nine days have a faulty start and international departures It was obvious that they take their guests health seriously. Your ticket says confirmed tickets, or passport control complex, an assignment form because of incoming calls may vary and gold strip running around? Fazal e qaqir road opp. And forwarded to HQ Central Health Islamabad This data. Can I go the validity of my voucher? If there are trademarks of international departures schedule of these three airports worldwide for entered postal mail. Cheapflights is the starting point near your travel planning. What should be submitted, head over its ageing aircraft, if i find my voucher if i delete this magnificent city or departures schedule on our live travel within a traditional carrier through us. Travel Technology for Dummies: What remains the Difference Between Fares, Rates and Tariffs? Communist airline crew members on social media cookies will only send you are no fatalities on a power of basic functionalities of money! Aegis aviation division, central reservation does this web part of years for me in peshawar, inmates at this. There twenty six weekly flights to London, three as from Islamabad and Lahore. You can unsubscribe at any time by clicking on the link in our emails, by updating your Emirates Skywards account, or by contacting us. Add it manually instead? Airblue flight status. Islamabad International Airport ISB Departures Airportia.
    [Show full text]
  • Case Study of PIA
    International Journal of Experiential Learning & Case Studies 3 : 1 ( June 2018) pp. 43-50 Implementing an Effective Cost Control Strategy at Stations: Case Study of PIA Syed Sartaj Qasim*, Tauseef Qureshi ** Abstract This case study describes the process of developing and implementing a strategy to control costs and reduce losses on account of frauds, accounting errors, wrong payments, etc., at the worldwide outstations of an airline where traditional oversight methods had fallen short of management expectations. By identifying the systemic weaknesses in various areas of station disbursement accounting aris- ing out of lack of training, non-availability of important corporate policies and management directives and lack of standard procedures for preparing and dis- patching disbursement reports to head office, a comprehensive Stations Disburse- ment Manual was developed to train and empower the managers at stations to control and release payments in a responsible manner. Keywords: Airline Cost, Disbursement Accounting, Cost Control Strategy, PIA INTRODUCTION The Deputy Managing Director (Finance) of PIA was pacing to and fro in his office on the first floor of the head office. He was quite perplexed after his meeting with the CEO of the airline from which he had just returned. The CEO had called him to discuss a spate of financial scandals at various domestic and foreign stations, which were a cause of concern. He had told the DMD (Finance) that he was quite concerned about the increasing trend of frauds, leakages and wastage of precious funds taking place around the airlines’ vast network. The CEO had not minced his words. He wanted visible action to stop further deterioration on a top priority basis.
    [Show full text]
  • BAE Undertakings of the Merger Between British Aerospace Plc And
    ELECTRONIC SYSTEMS BUSINESS OF THE GENERAL ELECTRIC COMPANYPLC UNDERTAKINGS GIVEN TO THE SECRETARY OF STATE FOR TRADE AND INDUSTRY BY BRITISH AEROSPACE PLC PURSUANT TO S75G(l) OF THE FAIR TRADING ACT 1973 WHEREAS: (a) On 27 April 1999 British Aerospace pic ("BAE SYSTEMS") agreed with The General Electric Company pic ("GEC") the proposed merger ("the merger") of GEC's defence electronics business Marconi Electronic Systems ("MES") with BAE SYSTEMS; (b) The merger came within the jurisdiction of Council Regulation (EEC) No. 4064/89 on the control of concentrations between undertakings ("the EC Merger Regulation"); (c) Article 296 (ex Article 223) of the EC Treaty permits any Member State to take such measures as it considers necessary to protect its essential security interests which are connected with the production of or trade in arms, munitions and war material; (d) BAE SYSTEMS was requested, under the former Article 223(I)(b) of the EC Treaty, not to notify the military aspects of the merger to the European Commission under the EC Merger Regulation; (e) The military aspects of the merger were consequently considered by Her Majesty's Government under national merger control law; (f) The Secretary of State has power under section 75(1) of the Fair Trading Act 1973 to make a merger reference to the Competition Commission and, under section 7SG(l), to accept undertakings as an alternative to making such a reference; (g) The Secretary of State has requested that the Director General of Fair Trading seek undertakings from BAE SYSTEMS in order to remedy or prevent the adverse effects ofthe merger.
    [Show full text]
  • Integracija Evropske Obrambne Industrije
    UNIVERZA V LJUBLJANI FAKULTETA ZA DRUŽBENE VEDE Andrej Stres INTEGRACIJA EVROPSKE OBRAMBNE INDUSTRIJE Diplomsko delo Ljubljana 2007 UNIVERZA V LJUBLJANI FAKULTETA ZA DRUŽBENE VEDE Andrej Stres Mentor: doc. dr. Iztok Prezelj Somentor: asist. mag. Erik Kopač INTEGRACIJA EVROPSKE OBRAMBNE INDUSTRIJE Diplomsko delo Ljubljana 2007 INTEGRACIJA EVROPSKE OBRAMBNE INDUSTRIJE Diplomsko delo obravnava spremembe v evropski obrambni industriji vse od konca 2. svetovne vojne. Na začetku predstavi proces povezovanja obrambne industrije v času hladne vojne v treh časovnih obdobjih. Sledi predstavitev trendov povezovanja obrambne industrije po koncu hladne vojne, podkrepljenih z vzroki, ki spodbujajo in zavirajo proces povezovanja obrambne industrije v Evropi. Omenjeni proces, voden s strani obrambnih podjetij, je prikazan s pomočjo koncentracije, privatizacije in internacionalizacije obrambne industrije. Obravnava tudi liberalističen in merkantilističen pristop k integraciji obrambne industrije na primeru Velike Britanije in Francije. Proces institucionalne integracije obrambne industrije, ki predstavlja poskus meddržavnega povezovanja obrambne industrije, prikaže v študiji primerov najpomembnejših institucij na tem področju. V zadnjem poglavju s predstavitvijo slovenske obrambne industrije v obdobju po osamosvojitvi leta 1991 umesti obrambno industrijo v Sloveniji v evropsko dogajanje na tem področju ter nakaže možnosti za njen nadaljnji razvoj. Ključne besede: obrambna industrija, ekonomska integracija, Evropa, Slovenija. INTEGRATION OF EUROPEAN DEFENCE INDUSTRY This diploma work deals with changes in defence industry in Europe since the end of Second World War. At the begininng it divides the process of binding up the European defence industry in Cold War on three periods. It continues with the introduction of modern trends in binding up the defence industry after the end of Cold War with help by causes that stimulate and interfere the process of European defence integration.
    [Show full text]
  • Liberalization Without Privatization: a Perspective from Aviation Industry
    Liberalization without Privatization: A Perspective from Aviation Industry Hamza Hameed* Even in an increasingly liberalized and deregulated international aviation industry, there is a significant number of entities in many states which are still owned and controlled by governments. These are mostly publicly owned airlines and airports which often do not allow new entrants into their respective national markets and they also often partake in predatory practices which they are not held accountable for due to their relationship with government. Their affiliation with government also leads to high levels of inefficiency due to issues such as overstaffing and substandard maintenance. This article looks at how privatization of service providers in the aviation industry is essential to enhance competition between players within national markets. As part of this analysis, this article considers the importance of the privatization of airlines and airports and how the lack of privatization leads to abuse of dominant position type practices and predatory behaviour to keep out new entrants. To enhance the link between privatization and competition, examples are given from across the world with a special case study from Pakistan. This analysis shows that deregulation and liberalization of the aviation industry without privatization often leads to anti-competitive behaviour in market. Therefore, if a country decides to liberalize its aviation policy, it must back this up with privatization practices to encourage a free, fair, and competitive national market. 1. Introduction The Chicago Convention in 1944 sets out the dynamics for operations of the international civil aviation.1 It built up a system dependent upon exchanges of traffic rights between states bilaterally.
    [Show full text]
  • Trends in Space Commerce
    Foreword from the Secretary of Commerce As the United States seeks opportunities to expand our economy, commercial use of space resources continues to increase in importance. The use of space as a platform for increasing the benefits of our technological evolution continues to increase in a way that profoundly affects us all. Whether we use these resources to synchronize communications networks, to improve agriculture through precision farming assisted by imagery and positioning data from satellites, or to receive entertainment from direct-to-home satellite transmissions, commercial space is an increasingly large and important part of our economy and our information infrastructure. Once dominated by government investment, commercial interests play an increasing role in the space industry. As the voice of industry within the U.S. Government, the Department of Commerce plays a critical role in commercial space. Through the National Oceanic and Atmospheric Administration, the Department of Commerce licenses the operation of commercial remote sensing satellites. Through the International Trade Administration, the Department of Commerce seeks to improve U.S. industrial exports in the global space market. Through the National Telecommunications and Information Administration, the Department of Commerce assists in the coordination of the radio spectrum used by satellites. And, through the Technology Administration's Office of Space Commercialization, the Department of Commerce plays a central role in the management of the Global Positioning System and advocates the views of industry within U.S. Government policy making processes. I am pleased to commend for your review the Office of Space Commercialization's most recent publication, Trends in Space Commerce. The report presents a snapshot of U.S.
    [Show full text]
  • Volume 17 Number 11 (Journal 662) November, 2014 in THIS ISSUE
    IN THIS ISSUE President’s Message Page 3 Articles Page 12-41 About the Cover Page 4 Letters Page 42-50 Local Reports Page 4-14 Flown West Page 51 RUPA Cruise Page 15 Calendar Page 52 Volume 17 Number 11 (Journal 662) November, 2014 —— OFFICERS —— President Emeritus: The late Captain George Howson President: Jonathan Rowbottom ................................................... 831-595-5275 ........................................ [email protected] Vice President: Cort de Peyster .................................................... 961-335-5269 .............................................. [email protected] Sec/Treas: Leon Scarbrough ......................................................... 707-938-7324 ............................................ [email protected] Membership Bob Engelman .......................................................... 954-436-3400 ........................................ [email protected] —— BOARD OF DIRECTORS —— President - Jonathan Rowbottom, Vice President - Cort de Peyster, Secretary Treasurer - Leon Scarbrough Floyd Alfson, Rich Bouska, Phyllis Cleveland, Sam Cramb, Ron Jersey, Milt Jines Walt Ramseur, Bill Smith, Cleve Spring, Larry Wright —— COMMITTEE CHAIRMEN —— Convention Sites. .......................................................... Ron Jersey ............. [email protected] RUPANEWS Manager ............................................. Cleve Spring ......... [email protected] RUPANEWS Editors................................................ Cleve Spring .................. [email protected]
    [Show full text]
  • The Defence Industry in the 21St Century
    The Defence Industry in the 21st Century “With nine countries (and their collective industrial prowess) involved in its development, the F-35 repre- sents a new model of inter- national cooperation, ensuring affordable U.S. and coalition partner security well into the 21st century” – Sources: Photograph by US Department of Defense, Quote by Lockheed Martin Corporation Thinking Global … or thinking American? “With nine countries (and their collective industrial prowess) involved in its development, the F-35 represents a new model of international cooperation, ensuring affordable U.S. and coalition partner security well into the 21st century” – Sources: Photograph by US Department of Defense, Quote by Lockheed Martin Corporation Welcome The purpose of this paper is to provoke a debate. To stimulate further the dialogue we enjoy with our clients around the world. As the world’s largest professional services firm, PricewaterhouseCoopers works with clients in every segment of the defence industry – from the Americas to the whole of Europe; from the Middle East and Africa to Asia and the Pacific Rim. On many occasions, our discussions focus on the technical issues in which we are pre-eminently well-qualified to advise. Here, however, we seek to debate the issues that affect your industry. To review the factors that shaped today’s environment, to assess the implications for contractors and to look at the factors that might shape the future. Our views are set out in the following pages. We have debated some of these issues with some of our clients already but the time is right for a broader discus- sion.
    [Show full text]