Business models course at UAM
Online course of 300 hours in UAM business models: 6 modules covering the urban air mobility market, business models, costs and pricing, financial analysis, and strategy and scaling, with an assigned technical tutor.
Business models course at UAM — studying from Malta
Malta's aerospace activity is concentrated around Malta International Airport at Luqa, where aircraft maintenance, cabin interiors and aviation services form a significant part of the local economy. The island's aviation sector is supported by a long-established regulatory framework and a growing interest in drone operations and advanced air mobility. Engineers here commonly find work with aircraft maintenance organisations, aviation services providers and companies engaged in unmanned systems testing. Expertise in airworthiness, systems integration and regulatory compliance is particularly valued by employers operating within this niche but internationally connected market.
Fees for Malta: €797 (Euro), with instalments and employer sponsorship available.
Relevant bodies in Malta
Typical roles
Questions from Malta
Which professional bodies in Malta recognise engineers working in aerospace, UAM, drones and space, and how does that affect my title?
Malta's Chamber of Engineers (KSU) regulates the use of the title 'engineer' under the Engineering Profession Act. Aviation safety is overseen by the Malta Competition and Consumers Affairs Authority's aviation counterpart, Transport Malta's Civil Aviation Directorate, which licenses operators and certain technical staff. A private SEIUM qualification does not itself grant a regulated title; recognition depends on the employer or the relevant body.
Which employers in Malta might hire someone with an aerospace or drone engineering background?
Malta has an aviation sector centred on Malta International Airport, aircraft maintenance and MRO activity, and a growing drone and space-related presence at the University of Malta and in private firms. Employers vary in their hiring criteria. A private qualification can support a application, but employers will weigh it against experience and any formal credentials they require.
Can I realistically study this 1,900-hour programme while working full time in Malta, and do I need a visa?
Programmes are fully online and taught in English, so you can study from home in Malta or elsewhere without a student visa. Each student gets an assigned technical tutor. Workload should be planned around your job; 1,900 hours is substantial, so most working professionals spread it over a long period. Ask about employer sponsorship and instalment fee options before enrolling.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Analyse the UAM market and value chain.
Design business models for operators and infrastructure.
Calculate the direct operating cost of a UAM service.
Build financial models using NPV and IRR.
Assess market risks and scenarios.
Define entry and scaling strategies.
Present a complete business plan for UAM.
Who it's for
- Business analysts covering aviation and new mobility.
- Strategy consultants advising UAM clients.
- Business development managers at manufacturers and operators.
- Financial analysts evaluating UAM ventures.
- Mobility entrepreneurs.
- Network planning managers.
- Engineering or science graduates seeking to enter urban air mobility.
What you'll work with
- Regulation (EC) 1008/2008 (operation of air services in the Community)
- Regulation (EU) 965/2012 (air operations)
- EASA SC-VTOL-01 (special condition for small-category VTOL aircraft)
- Implementing Regulation (EU) 2021/664 (regulatory framework for U-space)
- Regulation (EU) 2020/852 (taxonomy) (EU taxonomy for sustainable activities)
- IFRS 16 (lease accounting)
- Regulation (EC) 261/2004 (air passenger rights)
- Microsoft Excel
- Python
- Tableau
- AnyLogic
6 modules
1.1Market size and forecasts1.2Segments: passengers, cargo and emergencies1.3Value chain1.4Manufacturers, operators and infrastructure1.5Investment and financing in the sector1.6Consolidation and bankruptcies1.7Barriers to entry1.8PESTEL analysis of the sector1.9Benchmarking of companies in the sector1.10Practical exercise: map of the UAM value chain
2.1Business model canvas2.2Integrated manufacturer-operator model2.3Independent operator model2.4Booking platforms2.5Vertiports as a business2.6Aircraft leasing2.7B2B and B2G services2.8Partnerships with airlines2.9Subscription and membership models2.10Workshop: business model canvas for an operator
3.1Direct operating cost3.2Energy cost3.3Depreciation and amortisation3.4Crew cost3.5Maintenance and battery cost3.6Vertiport and U-space charges3.7Pricing strategies3.8Willingness to pay3.9Insurance and compliance costs3.10Lab: cost per seat-kilometre model
4.1Business plan4.2Revenue projections4.3Projected income statement4.4Cash flows4.5NPV and IRR4.6Break-even point4.7Sensitivity analysis4.8Risk scenarios4.9Financing and capital structure4.10Case study: financial model of an airport-city centre route
5.1Market entry strategy5.2Selection of initial routes5.3Fleet scaling5.4Aircraft utilisation5.5Certification as a risk factor5.6Sustainability and the EU taxonomy5.7Operating licences5.8Lessons from other sectors5.9Investor communication5.10Case study: launch strategy in a city
6.1Market analysis6.2Value proposition6.3Business model6.4Cost structure6.5Five-year financial model6.6Risk analysis6.7Launch plan6.8Competitor analysis6.9Report and presentation6.10Final project: final review with the tutor
How you'll learn
Training is 100% online on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so you can combine the programme with your job.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Microsoft Excel, Python, Tableau and AnyLogic, in free, academic or evaluation versions. Exercises are based on real procedures for operating cost models, operator business plans and financial sensitivity analysis. Assessment is continuous by module plus the final project.
Standards covered: Regulation (EC) 1008/2008, Regulation (EU) 965/2012, EASA SC-VTOL-01, Implementing Regulation (EU) 2021/664, Regulation (EU) 2020/852 (taxonomy), IFRS 16, Regulation (EC) 261/2004.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- No prior qualification is required.
- Internet connection and a computer capable of running the programme's software.
- English sufficient to read technical standards.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 300 hours over 3 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Microsoft Excel, Python, Tableau and AnyLogic, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute certificate, awarded on passing the continuous assessment and the final project. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed are recognised in a higher programme in the same area (postgraduate diploma or master's). Ask about the recognition policy when you enrol.
No prior qualification is required; you need a computer able to run the programme's software and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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