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Title: Airline Finance by Peter S. Morrell ISBN: 0-7546-1907-9 Publisher: Ashgate Publishing Pub. Date: 01 July, 2002 Format: Hardcover Volumes: 1 List Price(USD): $69.95

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Average Customer Rating: 2.67 (3 reviews)

Rating: 1
Summary: Haven't decided yet
Comment: For students of Air Transport this book is not worth the paper it is written on. It does not deal with crucial elements - where on earth is buy vs. lease? It is vague on all issues and as a result it is impossible to gain any significant depth of knowledge on any of the topics. It is also littered with numerous mistakes and the text seems to be lacking confidence and assurance.

On the other hand, if I pass my finance exam, it has been an invaluable and worthwhile source.

Rating: 5
Summary: One of the best books on airline finance I have ever read.
Comment: An excellent book. Very informative with lots of good examples. I would recommend it without hesitation. Subjects are examined clearly and the text is easy to read and digest. Money well spent.

Rating: 2
Summary: A great outline for a book yet to be written
Comment: This book concentrates too much on accounting at the expense of economics. It also gives short shrift to some of the most important concepts in airline finance today, including EETCs (enhanced equipment trust certificates). It's not bad when it comes to discussing the difference in national accounting systems, but a better source for that is Airline Business magazine's study "Mind the GAAP". Morrell's book is pretty rudimentary when it considers things like buy vs leases analyses.

Airline finance can get reasonably involved, with all sorts of tax issues. This book barely scrapes the surface of the topic. Morrell is clearly not a practioner.