Aviation Law and Finance

Day 1: Airline Finance Fundamentals and Industry Economics

• Industry context and financial indicators

• Aircraft valuation and depreciation

• Basics of airline financing

• Discussion questions / summary

Day 2: Aircraft Leasing and Financial Analysis Tools

• Aircraft leasing market structure

• Types of leases and financial concepts

• Advanced leasing tools

Day 3: Asset Valuation, Cost of Ownership, and Strategic Planning

• Asset valuation and cost structure

• Strategic fleet management

Day 4: Sustainability, Security Instruments, and Legal Framework

• Legal and regulatory frameworks

• Sustainability in aviation finance

• Aircraft as collateral and structured finance

Day 5: Industry Outlook and Strategic Challenges

• Trends, innovations, and regulatory foresight

• Strategic planning for aviation market players

• Group exercises, discussions, and course wrap-up

• Presentation materials
• Handouts​
• Aeroclass training certificate conforming to the international standards of ICAO and IATA​
• Free video course Fundamentals of Aircraft Financing and Leasing​
• Simultaneous translation from English to Russian​
• Coffee break​

Dr. Bijan Vasigh

Professor of Economics and Finance at Embry Riddle University College of Business, USA

Work experience:

Dr. Bijan Vasig is a professor of economics and finance at Embry—Riddle Aeronautical University, USA, and one of the leading experts in the field of aviation finance. His professional activity covers the theoretical and applied aspects of financial modeling and tools in the transportation industry. He is the author of a number of key textbooks on aviation economics and finance, including An Introduction to Air Transport Economics, Foundations of Airline Finance, and Aircraft Finance.​

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Dr. Vasin actively cooperates with international organizations such as the ICAO, IATA Learning Center, NASA, and other government and international agencies. His research focuses on assessing the economic effects of aviation systems and managing airline capital expenditures. As a recognized expert, he regularly appears in the world’s leading media, including The Washington Post, Forbes, Bloomberg and The Guardian.

Vitaly S. Guzhva, Ph.D., CFA

Professor of Finance at David B. O’Maley College of Business of Embry-Riddle Aeronautical University

Dr. Guzhva is a Professor of Finance at David B. O’Maley College of Business of Embry-Riddle Aeronautical University, where he teaches Airline Finance, Asset Valuation, and Aircraft Leasing and Financing courses.

Dr. Guzhva is an experienced pilot with over 5,000 flight hours in multiengine jet aircraft. He is an Accredited Senior Appraiser (ASA) with a Machinery and Technical Specialties/Aircraft designation, an ISTAT Certified Appraiser, and a Chartered Financial Analyst (CFA).

Dr. Guzhva’s interviews on various aviation finance and economics topics often appear in the national business and aerospace press. His applied research and consulting projects included industry assessments and market analyses for major aircraft manufacturers, monetization strategies for aircraft surveillance data, benefit-cost analyses of operational improvements for Air Transport Management systems, evaluations of major investments in aviation infrastructure, fleet modernization strategies, and other projects.