KOTI - Korea Transport institute

Aviation industry has played a key role in improving the country’s image, because aviation industry is a global industry. Aviation industry is a global industry, and it is one of the standards, when we measure national power as an important industry of countries. Understanding of managing finance streams for setting the groundwork for continuous development of Aviation industry and drawing up measures to effective application plan of a nation’s purse are very important. The study will examine financial flow closely with making a division such as system of the compilation of a budget, using new budget. In this study, we analyzed propriety and rationality of air transport finance in balanced system for the development of Aviation industry with consideration for understanding development of changes of air transport finance and changing circumstance of the future aviation policy. Especially, we suggest reasonable management of financial resources through research on the actual condition & analysis of problem with placing emphasis on structural development, improvement of competitive power of aviation industry, and revitalization of local airport. It is supported by offering of aviation service in island area, and balancing of securing & utilizing financial resource of aviation safety. To do this, we have to understand different features between aviation industry and other industry. Also we suggest why it is important that we have to inspect aviation finance at this point in time. Then, we suggest financial flow and appropriate future direction. In addition, we check development cases of advanced countries in aviation field from a cosmopolitical perspective, seek a rational direction of managing finance for development of aviation industry.