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.

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.