What are airlines economies of scope?
What are airlines economies of scope? Economies of scope are economic situations that make the simultaneous production of several items more cost-effective than the manufacturing of those products separately. An airline that uses an aircraft for passengers and an aircraft for cargo is an example of economies of scope.
What is the rule of 20 in aviation?
Definition: The 5/20 rule is a norm of the Indian Aviation Ministry under which national carriers are required to have five years of operational experience and a fleet of minimum 20 aircraft to fly overseas. This is applicable to all commercial aviation organisations flying passengers.