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Abstract

Risk management is considered to be an application of general concepts in scientific management of a particular problem of exposure to risk of loss. It is concerned with identifying objectives, analysing the data regarding the nature of the problem, evaluating the pure risks deriving from the nature of the business and choosing or finding the most suitable method or methods of handling these risks; aiming to control them and their effects as well as minimizing the cost. The field of aviation has grown very quickly and developed faster in the last few years to reach the present level of operation and technology by introducing more advanced and higher capacity airliners. Therefore, aviation risks and their financial impact exhibit a number of distinguishing characteristics that raise problems for traditional risk management and insurance technique in dealing with such risks. The study reviews, analyses and classifies aviation risks and their characteristics as well as the major hazards involved in aircraft and their operation. The research undertakes to review the international conventions and agreements affecting air transportation and the limits of liabilities affecting those who operate airlines internationally in respect of death, injury or damage caused to passengers, baggage, cargo and third parties as well as safety and security of aircraft in the air and on the ground. It also studies and analyses the international jet airliner fleet, their accidents and their causes to provide a basis of choosing suitable risk levels in managing these risks.

Publication Type:	Thesis (Doctoral)
Subjects:	Q Science > QA Mathematics
Departments:	School of Science & Technology

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