CONOMIC FEASIBILITY ANALYSIS OF EXECUTIVE Z AIRPORT LOUNGE DEVELOPMENT PROJECT INTO BUSINESS JET TERMINAL IN HALIM PERDANA KUSUMA AIRPORT JAKARTA

• Main Author: Farizan (NIM 19014059), Ghaziary
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/22267
• Institution: Institut Teknologi Bandung

In follow-up to the rising number of aircraft passengers in Halim Perdana Kusuma <br /> <br /> Airport, specifically the private jet flight passengers, PT ABC, an aviation service <br /> <br /> private company, intended to boost their income source with the plan to refurbish and <br /> <br /> expand its current airport lounge, Executive Z Lounge, into a Business Jet Terminal, <br /> <br /> which will be functioned as a one-stop service airport terminal for those private jet or <br /> <br /> buisness jet flight passengers. However, the company will need to assess the business&#8223; <br /> <br /> economic feasibility of this project to get to know whether the project is worth doing or <br /> <br /> not for future investment, given that the project will potentially incur huge investment <br /> <br /> and the increased future lease rate and consignment rate. Throughout the paper, the <br /> <br /> author would like to analyze the economic feasibility using assessment tools as Net <br /> <br /> Present Value, Internal Rate of Return, Payback Period, and Profitability Index. <br /> <br /> Moreover, a Value Based Management (VBM) approach would also be conducted <br /> <br /> considering the requirement of a more efficient allocat ion of firm&#8223;s capital.. The VBM <br /> <br /> indicators are Economic Value Added and Cash Value Added. The result from this <br /> <br /> research is the project is economically feasible and it is suggested to be embarked by PT <br /> <br /> ABC with several concerns on its pricing policy and customer target rate.