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Conduct a project evaluation to assess whether this new entering to the air transportation sector project is worth going ahead or not. Your report should be less than 1200 words.

• You are expected to apply appropriate approaches to conduct an investment feasibility study and produce an evaluation report. Different investment appraisal approaches (at least two) should be chosen and discussed.

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• Illustrations with numerical calculations based on your own estimated data are required. You need to set up your own estimations on the project related elements/factors (e.g. project length, project size, potential revenues, relevant costs, financing channels, tax rates, estimated cost of capital, etc.).

• You need to show and explain in detail all the steps for your numerical calculations.

• Detailed discussions on how relevant elements/factors would potentially affect the evaluation results should be included.

All data needed for the project is based on your own assumptions.

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