A航空公司飞机引进方式优化研究

发布时间：2018-07-22 10:19

【摘要】：飞机作为最重要的资产,是航空公司创造利润的源泉,其引进和持有的方式对航空公司的发展起到关键的作用。本论文通过从企业融资理论、航空企业融资特点着手,引入飞机引进的融资和飞机引进三种方式的概念、分析三种引进方式的特点、优势、劣势、国内外租赁公司发展情况,以及飞机引进方式对各项财务指标的影响,影响引进方式选择因素的分析,继而提出A航空公司变更已有飞机租赁方式,并为A航空公司做出未来五年的飞机引进方式规划。通过测算由国外经营租赁改为国内经营租赁或融资租赁,使航空公司节省财务成本超千万元。另外根据对各个机型融资特点分析,客观的做出相应计划。经过对东疆保税区的税务政策的调研、租期内多个影响因素的全面考虑,租赁风险的全面评估和预测并测算出净现金流,得出国内经营租赁方式对于A航空公司持有主力机型B738能够最大限度节省财务成本并将各项风险降至最低,为A航空公司对现有机队飞机租赁方式由国外经营租赁转变为国内经营租赁提供了有力的依据。不论是租赁方式的转变以及未来飞机引进方式5年规划都基于最新的国家税收政策和飞机租赁市场调研成果,因此对于像A航空公司这样的多机型小型航空公司的飞机引进管理有一定的指导意义。
[Abstract]:Aircraft, as the most important asset, is the source for airlines to create profits, and the way it introduces and holds plays a key role in the development of airlines. By introducing the concepts of aircraft financing and aircraft financing, this paper analyzes the characteristics, advantages, disadvantages, and the development of domestic and foreign leasing companies. The influence of aircraft introduction on various financial indexes and the factors affecting the selection of introduction mode are analyzed, and then the change of aircraft leasing mode by airline A is put forward, and the plan of aircraft import mode for airline A in the next five years is proposed. By calculating the change from foreign operating lease to domestic operating lease or financing lease, airlines can save more than 10 million yuan in financial cost. In addition, according to the characteristics of each type of financing analysis, objective to make the corresponding plan. Through the investigation of the tax policy in the East Xinjiang bonded area, the overall consideration of many factors affecting the lease period, the comprehensive assessment and prediction of the lease risk, and the calculation of net cash flow, It is concluded that holding the main aircraft B738 in the domestic operating lease mode for airline A can save financial costs to the maximum extent and reduce the risks to the minimum. It provides a strong basis for A airline to change the current aircraft leasing mode from foreign operation lease to domestic operating lease. Whether it is the change in leasing methods or the five-year plan for the future introduction of aircraft, it is based on the latest national tax policy and the results of research on the aircraft rental market. Therefore, it has certain guiding significance for the introduction and management of multi-model small airlines such as A Airlines.
【学位授予单位】：北京交通大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F562.6

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