business plan for a flight school

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Business plan for a flight school apa interview essay

Business plan for a flight school

Flight schools must maintain appropriate licensure from the Federal Aviation Administration while concurrently servicing a substantial number of financial obligations. For opportunities,. For opportunities, these businesses can expand by offering certification on a greater number of disciplines as a relates to flight. These businesses can also receive certification in order to train commercial pilots. Some of these companies will often establish additional locations in order to provide a greater number of services to the general public.

For threats, the way that air travel occurs is always undergoing some level of regulatory change. However, outside of any competitive threats or major economic recessions — most flight schools are able to remain profitable and cash flow positive at all times. A flight school business plan should be developed and this document needs to include a three year profit and loss statement, cash analysis, balance sheet, breakeven analysis, and business ratios page.

The industry research portion of the business plan typically showcases the flight school industry as a whole and this industry has 1, companies that provide flight school services to the general public. A competitive analysis is often done although for flight schools there typically only a very limited number of these businesses in any given market.

This includes marketing to the general public among aircraft enthusiasts while maintaining strong relationships with high school guidance counselors that will refer for their students to the flight school among those that have an interest in aircraft and helicopters. One of the key ways of ensuring that the business reaches maximum enrollment quickly is by developing these ongoing relationships not only with high schools but also with community colleges as well.

Job fairs can also be a very good source of new enrollment among people that want to test the waters with becoming a pilot before they enter and enter into a major university for commercial airline flight. As with every company these days, an expansive online presence is needed in order to ensure that the business can quickly be found among people have an interest in receiving a pilots license.

This website should showcase the aircraft that can be learned at the facility, hours of operation, information about enrollment, and any other piece of information that will assist an individual in deciding whether or not to become enrolled at the flight school. This website should be listed among all major search engines.

A presence on social media platforms like FaceBook and Twitter can be a modest boost to the visibility of the flight school although it is not required. Flight schools are interesting businesses to operate especially among highly trained pilots that want to provide instruction in tutelage to people that want to learn the fly. In the future, Lansing Aviation plans to enhance their aircraft rental position by acquiring complex, high-performance, single and multi-engine aircraft for commercial and airline transport pilot training and rental.

We also plan to conduct up-to-the-minute aircraft scheduling through the use of the Internet and an online business website. The airline pilot shortage has created an immense demand for increased pilot training. The previous aircraft rental company in Lansing ended up needing additional aircraft to meet the increased demands of new students in the area. Mackinac-Great Lakes Airlines Systems is the largest employer in Lansing, with 19, employees, and we feel that these employees are aware of the excellent careers held by M-GLAS pilots.

We hope this awareness will generate interest in flying. There are several students currently flying at Capital City Airport that are unhappy with either the quality of their current instruction or the poorly maintained aircraft they are renting. A flight with our instructors in our well-equipped Cessna Skyhawk will confirm their displeasure with our competition and generate new business for us. Lansing Aviation will be focusing initially on students interested in obtaining their private pilot certificate.

We will attempt to continue teaching these students through their instrument rating course with us, upon completion of their private pilot package. Lansing Aviation offers an affordable, professionally-maintained aircraft for rental and flight instruction. We will provide a safe and effective learning situation for our students while adhering to safe practice and to applicable federal and state aviation regulations.

Lansing Aviation will provide students with an excellent aircraft for flight training and an aircraft to fly upon successful completion of their training. Your business plan can look as polished and professional as this sample plan. It's fast and easy, with LivePlan. Don't bother with copy and paste. Get this complete sample business plan as a free text document.

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Hire employees; the property manager will look to hire veterans, minorities, and the unemployed. All content is for informational purposes, and Savetz Publishing makes no claim as to accuracy, legality or suitability.

The site owner shall not be held liable for any errors, omissions or for damages of any kind. Contact us. Privacy Policy. Subscribe to the Free Printable newsletter. No spam, ever! This template is easy to download and print. Just choose a business plan template and download it. Collections of business forms are now available as convenient all-in-one downloads.

Business Plans for Specific Industries. Search all templates for:. We're always adding new printables, and would love to hear your suggestions. What are we missing? As stated above, the Company will provide flight instruction for small aircraft for students enrolled within its programs. The business will generate revenues from both tuition and from the sale of classroom materials.

The business expects that it will receive a substantial number of enrollees as people try to acquire new jobs in light of the current economic climate. The third section of the business plan will further describe the services offered by the Flight School. The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the aviation industry.

Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.

The Founder expects that the business will aggressively expand during the first three years of operation. Doe intends to implement marketing campaigns that will effectively target individuals seeking to become licensed pilots within the target market. The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used:. Doe is not seeking an investment from a third party at this time. If the business is very successful, Mr.

Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Flight School. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. Below is a description of the teaching services offered by the Flight School. The primary source of revenue for the business will be instruction regarding how to properly fly so that students can become licensed small craft aviation pilots.

Classroom instruction will include teachings regarding flying and laws applicable to small craft piloting. The Company will issue a certificate of completion during its course. Management expects that each course will last approximately 10 weeks and will provide hours of classroom instruction.

The Company will also generate secondary revenues from the sale of course materials that will be used in conjunction with the flight instruction offered by the business. This section of the analysis will detail the economic climate, the flight school industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession.

This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue for a significant period of time, at which point the economy will begin a prolonged recovery period. However, specialized trade schools operate with a strong degree of economic stability as people will seek to expand their educations to acquire new jobs in deleterious economic conditions.

Within the United States, there are approximately schools that train and teach people to become small craft pilots. This is a mature industry, and expected revenues are expected to remain flat over the next twelve to eighteen months as the economy completes its correction.

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STORM BUSINESS PLAN

Statesville Airlines are a respected employer and we are in the driving seat in regards to training their pilots. May Statesville Airlines pilots and mechanics have expressed an interest in renting our smaller planes to fly their families during the holidays. There has previously been a problem at Capital City Airport as the smaller aircraft have been poorly maintained.

We will make maintenance a priority and operate an open door policy for our students where they can check our maintenance schedules. Whilst Statesville Flight School will focus on students attempting to obtain their private pilot certificate, we will also offer trial and fun flights at reasonable prices to generate local interest.

We will offer a range of course including safety and IMC. In addition we will offer sightseeing flights, day tours and traffic watch. Target Market Segment Strategy. Our marketing will target potential students where we will emphasize our qualified instructors and our modern fleet of aircraft that are available 24 hours a day.

Our aircraft are well maintained and have modern avionics including GPS receivers. All potential customers will be sent our brochure where we will show the benefits of training with ourselves and our clear pricing structure. Market Needs Learning to fly is an expensive pastime, but the popular image of prospective pilots as young and wealthy is a misleading one.

While, inevitably, some customers will fit this description, many more will not. Although a reasonable level of disposable income is necessary to fund an interest in flying, pilots come from a broad sector of society, although the majority of customers are likely to be male.

Offering courses in helicopter flying, micro lights etc will further broaden the customer base. Customers will include those wishing to take a full flying course, those requiring more specialized training and qualified pilots wishing to hire a plane for leisure flying. With the possible exception of intensive residential flying courses, customers are usually from the immediate area. Market Trends Pilot licenses in the United States, airman certificates are issued by national aviation authorities, and establish that the holder has been trained by a qualified flight instructor and has met a specific set of knowledge and experience requirements.

The licensed or certificated pilot can then exercise a specific set of privileges in the nations airspace. Despite attempts to harmonize the requirements between nations, the differences in certification practices and standards from place to place serve to limit full international validity of the national qualifications.

In the U. Legally airman certificates can be revoked by administrative action; whereas Licensing requires intervention by the judiciary system. At all times, an aircraft in flight must be under the authority of an appropriately qualified pilot, the pilot in command, who is responsible for the safe and legal completion of the flight. Pilots are qualified to fly at a specific privilege level and in one or more specific categories of aircraft. Examples of privilege levels found in most countries are:.

Student: the pilot can be trained by an instructor for his or her first full certificate and is permitted to fly alone solo under specified circumstances. Private: the pilot can fly for his or her own pleasure and is not allowed to accept compensation for flying except in some specific circumstances.

Commercial: the pilot can fly for hire. Airline Transport: the pilot can be the captain for a scheduled airline. The licenses are also further broken down into category, class, and in some cases, rating. A category is defined as "a broad classification of aircraft", broken down into Airplane, Rotorcraft, Glider, and Lighter-Than-Air.

A class is defined as "a classification of aircraft within a category having similar operating characteristics", which include single engine, multi-engine, land, water, gyroplane, helicopter, airship, and free balloon. In addition, a type rating is required for aircraft over 12, pounds, or aircraft which are turbojet powered.

Further endorsements are required for high performance horsepower or greater , complex retractable landing gear, flaps, and a controllable pitch propeller , or tail-wheel equipped aircraft, as well as high altitude operations.

Most Private Pilot certificates are issued as "Private Pilot: Airplane Single Engine Land", which means the pilot may employ his piloting privileges in any single engine, land based airplane he is qualified in. A pilot is only qualified in the category and class of aircraft he takes his check-ride in. Therefore, a pilot who takes a Commercial Pilot check-ride in a multi-engine, land-based aircraft and passes may only exercise the privileges of a Commercial Pilot in multi-engine, land-based aircraft.

That pilot may not exercise the privileges of a Commercial Pilot in single engine or sea-based aircraft without passing the appropriate parts of a check-ride in those particular categories of aircraft. The typical order in which a pilot obtains ratings is: Private Pilot hours total time required Instrument Rating Commercial Pilot hours total time required Airline Transport Pilot In the course of the Commercial Pilot training, most pilots will also receive their high performance and complex endorsements, as well as get a multi-engine rating before applying for the Airline Transport Pilot license.

Others include. Sport pilot certificate United States only , used for Light-sport aircraft, a category that was designated in These aircraft are larger and faster than U. The ultralight category of aircraft in the U. The pilot can separately add certain ratings such as the instrument rating. Market Growth Our research shows that currently training aircraft at Capital City Airport are averaging There is a regular stream of students, and.

Service Business Analysis Brochures should be distributed in higher education establishments, libraries, tourist information centers, sports shops, leisure centers and in local airports, if permitted. Advertisements for flight tuition can be placed in local newspapers, Yellow Pages and the aviation press. Promotional literature should outline any special offers, e.

Flying schools offer gift packs and vouchers for flights for special occasions where the aircraft will cruise at around 2, feet and an instructor will identify local landmarks. This will usually be seasonal, from May to September. Trade association membership may prove useful, as individuals often contact the associations for recommendations of suitable local schools.

The Microlight Aircraft Association and the Gliding Association publish directories of schools and clubs. Pilot also publishes lists every spring. A website may be a useful promotional tool. As the majority of customers will be paying substantial amounts for lessons, the school should be clean, tidy and well furnished, with a comfortable lounge and briefing areas.

There should be adequate provision of toilets and refreshments. The aircraft must be in good condition. It is not enough just to satisfy the rules; the aircraft must look well cared for. For example the upholstery must be clean and in good condition and the aircraft must be equipped with headsets for the instructor and trainee to communicate clearly. Competition and Buying Patterns It will be vital that we use word-of-mouth advertising as this is the most important way of gaining customers.

All pilots talk to other pilots and we must ensure that we communicate with our customers to ensure we are aware of all of their issues and that they give good reports to other potential pilots. This is particularly important to those customers looking for fun flights. There are many potential customers who will take introductory flights and we need to ensure that they take full training courses. Management Summary Statesville Flight School is being formed as a private company offering services to both student pilots and for companies and individuals looking to rent aircraft.

Management Team John Smith will ensure that the company operates in accordance with the company mission statement. Strengths of the Business Excellent quality product "Which means that" Adds to reputation. Good management skills. Weaknesses of the Business New Player. Growing market segments. Threats in the Marketplace Increasing supplier prices.

Sales Objectives by Market Segment. Jan A Advertise monthly in magazines that are aimed at the general industry. Jan A. Lead Generation Program Conduct monthly on-going lead generation program. Send out monthly direct mail leaflets with response coupons.

Qualify leads and make appointments by using telemarketing staff. Produce a monthly newsletter that shows examples of your products and how customers have benefited from using them. Oct A PR Program. PR release to be initiated each month to various trade journals and magazines.

Jul A Sales Force Employ telemarketing staff. Mar A Implement a new structural program for the sales force, allocating sales reps to accounts and segments rather than area. Jan A Organise training program to be implemented. Jan A Lost Customers Contact monthly all past customers that have not re-ordered to ask why not and see whether we can win back their business. Dec A Follow up Enquiries Contact all enquirers monthly and determine if they have purchased from a competitor and, if so, why.

Dec A Existing Customers Follow up all new customers two weeks after they purchase to ensure they are satisfied with the product. Jul A Send quarterly newsletter to existing customers to keep them informed of our other products.

Jan A Try and up-sell all enquiries for our standard range to our premium range. Feb A Sales Promotion Develop an ongoing sales promotion to target existing customers. Aug A. Jun A Marketing information system Document on every enquiry "How did you hear about us? Jul A Produce monthly sales reports by product, by market segment, by territory and by sales representative. Mar B. Jun A Payment Days Maintain payment of bills, on average, to xx days.

Jun A Expenses Develop and implement new policies on approval and signatories on expenses. Mar C Leases Pay off the existing lease on capital equipment, thus reducing the monthly financial burden. Jan A Payback Ensure a payback on new equipment through sales of one year. Jun B Inventory Improve the number of stock turns to xxxxx a year. Aug B.

To not exceed the payroll budget of To employ or re-deploy a total of xxxxx fulltime and part-time staff over the next year. Aug A Develop incentive scheme related to job requirements. Aug A Policies and procedures. Develop policies and procedures manual. July A Employ or re-deploy staff Employ telemarketers. Mar A Employ one marketing assistant. Feb A Employ one accounts receivable person. Jul A Training Carry out training needs analysis. Jan A Morale Install suggestion box. Jan A Organise monthly meetings to follow up tasks Jan A.

Open navigation menu. Close suggestions Search Search. User Settings. Skip carousel. Carousel Previous. Carousel Next. What is Scribd? Flight School Business Plan. Uploaded by kn Document Information click to expand document information Description: Basic layout plan. Did you find this document useful? Is this content inappropriate? Report this Document. Description: Basic layout plan. Flag for inappropriate content. Download now.

Related titles. Carousel Previous Carousel Next. Project Proposal for School of Aviation Academy Aviation Education and Research Conference Papers. Jump to Page. Search inside document. Keys to Success 1 2 3 4 5 We will have aircraft ready 24 hours a day ensuring maximum benefit to our students Guaranteed quotes to customers for lessons or aircraft rental. The start-up costs of Statesville Flight School include Aircraft down payment.

Hangar deposit with three months rent. GPS receivers Office expenses. Legal costs. One, some or all of the following points may apply: What will a renter typically expect of you? Consider the many advantages: Convenience - You fly in and out of smaller general aviation and local airports, which are closer to your destination.

Examples of privilege levels found in most countries are: Student: the pilot can be trained by an instructor for his or her first full certificate and is permitted to fly alone solo under specified circumstances. Others include Sport pilot certificate United States only , used for Light-sport aircraft, a category that was designated in Gross Profit To achieve forecast net profit of Budget To not exceed the following expense budgets.

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The principle investors and operators will be responsible for all airplane acquisitions and company decisions. The aircraft records, scheduling, and office will be located at an off-airport location 15 miles north of Capital City Airport. Lansing Aviation offers services in three primary areas; aircraft rental, flight instruction, and aviation consulting.

In order to do so, Lansing Aviation will maintain a Cessna Skyhawk updated with the latest avionics. In the future, Lansing Aviation plans to enhance their aircraft rental position by acquiring complex, high-performance, single and multi-engine aircraft for commercial and airline transport pilot training and rental. We also plan to conduct up-to-the-minute aircraft scheduling through the use of the Internet and an online business website. The airline pilot shortage has created an immense demand for increased pilot training.

The previous aircraft rental company in Lansing ended up needing additional aircraft to meet the increased demands of new students in the area. Mackinac-Great Lakes Airlines Systems is the largest employer in Lansing, with 19, employees, and we feel that these employees are aware of the excellent careers held by M-GLAS pilots.

We hope this awareness will generate interest in flying. There are several students currently flying at Capital City Airport that are unhappy with either the quality of their current instruction or the poorly maintained aircraft they are renting. A flight with our instructors in our well-equipped Cessna Skyhawk will confirm their displeasure with our competition and generate new business for us. Lansing Aviation will be focusing initially on students interested in obtaining their private pilot certificate.

We will attempt to continue teaching these students through their instrument rating course with us, upon completion of their private pilot package. Lansing Aviation offers an affordable, professionally-maintained aircraft for rental and flight instruction. We will provide a safe and effective learning situation for our students while adhering to safe practice and to applicable federal and state aviation regulations. Lansing Aviation will provide students with an excellent aircraft for flight training and an aircraft to fly upon successful completion of their training.