Economic reconfiguration of the value creation process in air transport services as a form of adaptation to infrastructural constraints

Authors

DOI:

https://doi.org/10.26661/2522-1566/2026-3/37-10

Keywords:

air transport services, dimensions of economic reconfiguration, economic reconfiguration, infrastructure constraints, value-creation process.

Abstract

The article is devoted to creating new scientific solutions for addressing the economic reconfiguration of the value creation process in air transport services as a form of adaptation to infrastructure constraints. The article aims to substantiate the concept and provide a theoretical characterization of the economic reconfiguration of the value creation process in Ukraine’s air transport services as a form of adaptation to the infrastructure constraints affecting the country’s aviation industry since the onset of the full-scale invasion and hostilities on its territory. Methodology: The study uses the following methods of scientific inquiry: literature analysis and synthesis to develop definitions of the terms “economic reconfiguration,” “spatial reconfiguration,” and “economic reconfiguration of the value creation process for air transport services”; the historical method to examine the challenges associated with the value creation process for air transport services in Ukraine; economic and mathematical methods to assess the impact of seven interrelated dimensions (spatial, functional, cost, coordination, distributional, risk, and consumer) on the economic reconfiguration of the value creation process for air transport services in Ukraine; graphical analysis and logical generalization to provide a theoretical characterization of the dimensions of the economic reconfiguration of the value creation process for air transport services; and the scenario method to develop four projections for the development of the economic reconfiguration of the value creation process for air transport services in Ukraine. Results: the author's definition of the economic reconfiguration of the value creation process in air transport services has been formulated as being caused by stable infrastructural constraints, a structural change in the set of available nodes and routes, the distribution of functions between participants, methods of coordination, the structure of economic costs, and the risk profile. Practical significance: The practical implementation of the proposals and findings of this article should be considered in the context of their relevance to adapting Ukraine’s air transport sector to the challenges posed by the war. Uniqueness/value: The study formulates four directional predictions about the economic reconfiguration of the value-creation process in Ukraine's air transport services, focusing on asset specificity and switching costs, the value of time and reliability, node substitutability, and digital-institutional compatibility.

JEL Classification: L21, L93, R41.

References

1. Mentzer J. T. et al. Defining Supply Chain Management. Journal of Business Logistics. 2001. Vol. 22 (2). URL: https://doi.org/10.1002/j.2158-1592.2001.tb00001.x

2. Cooper M. C., Lambert D. M., Pagh J. D. Supply Chain Management: More Than a New Name for Logistics. The International Journal of Logistics Management. 1997. Vol. 8 (1). URL: https://doi.org/10.1108/09574099710805556

3. Mena C., Humphries A., Choi T. Y. Toward a Theory of Multi-Tier Supply Chain Management. Journal of Supply Chain Management. 2013. Vol. 49 (2). URL: https://doi.org/10.1111/jscm.12003

4. Choi T. Y., Dooley K. J., Rungtusanatham M. Supply networks and complex adaptive systems : control versus emergence. Journal of Operations Management. 2001. Vol. 19 (3). URL: https://doi.org/10.1016/S0272-6963(00)00068-1

5. Coe N. M., Hess M., Yeung H. W. C., Dicken P., Henderson J. “Globalizing” regional development : a global production networks perspective. Transactions of the Institute of British Geographers. 2004. Vol. 29 (4). URL: https://doi.org/10.1111/j.0020-2754.2004.00142.x

6. Coe N. M., Dicken P., Hess M. Global production networks : realizing the potential. Journal of Economic Geography. 2008. Vol. 8(3). URL: https://doi.org/10.1093/jeg/lbn002

7. ICAO, World Customs Organization. Moving Air Cargo Globally : Air Cargo and Mail Secure Supply Chain and Facilitation. Third Edition. 2023. URL: https://www.icao.int/sites/default/files/Security/aircargo/Documents/Moving-Air-Cargo-Globally-Third-edition.EN.pdf

8. Porter M. E. Competitive Advantage : Creating and Sustaining Superior Performance. New York : Free Press, 1985. URL: https://books.google.com/books/about/Competitive_Advantage.html?id=86PbNAEACAAJ

9. Lepak D. P., Smith K. G., Taylor M. S. Value Creation and Value Capture : A Multilevel Perspective. Academy of Management Review. 2007. Vol. 32 (1). URL: https://doi.org/10.5465/amr.2007.23464011

10. Bowman C., Ambrosini V. Value Creation Versus Value Capture : Towards a Coherent Definition of Value in Strategy. British Journal of Management. 2000. Vol. 11 (1). URL: https://doi.org/10.1111/1467-8551.00147

11. Teece D. J., Linden G. Business models, value capture, and the digital enterprise. Journal of Organization Design. 2017. Vol. 6. Art. 8. URL: https://doi.org/10.1186/s41469-017-0018-x

12. Jodlbauer H., Brunner M., Bachmann N., Tripathi S., Thürer M. Supply Chain Management : A Structured Narrative Review of Current Challenges and Recommendations for Action. Logistics. 2023. Vol. 7 (4). Art. 70. URL: https://doi.org/10.3390/logistics7040070

13. International Air Transport Association (IATA). IATA Highlights Three Priorities for Air Cargo. 2026. URL: https://www.iata.org/en/pressroom/2026-releases/2026-03-10-01

14. Eurostat. Air transport measurement metadata; freight and mail air transport (avia_go family) and freight/mail by main airports (avia_gooa). 2026. URL: https://ec.europa.eu/eurostat/databrowser/view/avia_gooa/default/table?lang=en

15. Coase R. H. The Nature of the Firm. Economica. 1937. Vol. 4 (16). URL: https://doi.org/10.1111/j.1468-0335.1937.tb00002.x

16. Williamson O. E. Transaction-Cost Economics : The Governance of Contractual Relations. Journal of Law and Economics. 1979. Vol. 22 (2). URL: https://doi.org/10.1086/466942

17. Williamson O. E. The Economics of Organization : The Transaction Cost Approach. American Journal of Sociology. 1981. Vol. 87 (3). URL: https://doi.org/10.1086/227496

18. Wiltshire J. Airport competition : Reality or myth? Journal of Air Transport Management. 2018. Vol. 67. URL: https://doi.org/10.1016/j.jairtraman.2017.03.006

19. Karanki F., Yu C. Assessing airports’ bargaining power : Evidence from U.S. airports using a two-tier stochastic frontier analysis. Transport Policy. 2025. Vol. 164. URL: https://doi.org/10.1016/j.tranpol.2025.01.036

20. North D. C. Institutions, Institutional Change and Economic Performance. Cambridge : Cambridge University Press, 1990. URL: https://doi.org/10.1017/CBO9780511808678

21. European Commission. The eFTI Regulation : digitalising freight transport across the European Union. 2026. URL: https://transport.ec.europa.eu/transport-themes/logistics-and-multimodal-transport/efti-regulation_en

22. European Parliament. Regulation (EU) 2020/1056 of the European Parliament and of the Council of 15 July 2020 on electronic freight transport information. 2020. URL: https://eur-lex.europa.eu/eli/reg/2020/1056/oj

23. Hernández V., Pedersen T. Global Value Chain Configuration : A Review and Research Agenda. BRQ Business Research Quarterly. 2017. Vol. 20 (2). URL: https://doi.org/10.1016/j.brq.2016.11.001

24. Gereffi G., Humphrey J., Sturgeon T. The governance of global value chains. Review of International Political Economy. 2005. Vol. 12 (1). URL: https://doi.org/10.1080/09692290500049805

25. World Bank. World Development Report 2020 : Trading for Development in the Age of Global Value Chains. Washington, DC : World Bank, 2020. URL: https://www.worldbank.org/en/publication/wdr2020

26. Крикавський Є. В., Похильченко О. А., Фертч М. Логістика та управління ланцюгами поставок : підручник. Львів : Видавництво Львівської політехніки, 2020. URL: https://elib.chdtu.edu.ua/e-books/4247

27. Сивак Р. Б. Управління ланцюгами створення цінності : логістичний підхід : дис. ... канд. екон. наук: 08.00.04. Тернопіль, 2007. URL: https://dspace.wunu.edu.ua/handle/316497/15600

28. Калда К. О. Логістичний підхід до формування ланцюгів створення цінності та вартості авіатранспортної продукції. Вісник Хмельницького національного університету. Економічні науки. 2009. № 1. URL: https://journals.khnu.km.ua/vestnik/pdf/ekon/2009_1/zmist.files/_48.pdf

29. Липов В. В. Індустрія 4.0 і формування ланцюгів (мереж) створення цінності на основі цифрових платформ. Вісник економічної науки України. 2024. № 2 (47). URL: https://doi.org/10.37405/1729-7206.2024.2(47).152-161

30. Rodriguez C., Ciravegna L., Petersen B. Geographical Reconfiguration in Global Value Chains : Search within Limited Space? Global Strategy Journal. 2023. Vol. 13 (2). URL: https://doi.org/10.1002/gsj.1441

31. Gereffi G., Lim H.-C., Lee J. Trade policies, firm strategies, and adaptive reconfigurations of global value chains. Journal of International Business Policy. 2021. Vol. 4. URL: https://doi.org/10.1057/s42214-021-00102-z

32. ACI EUROPE. Airport Industry Connectivity Report 2025. 2026. URL: https://connectivity.aci-europe.org/connectivity-report-2025

33. Thelle M. H., Sonne M. Airport competition in Europe. Journal of Air Transport Management. 2018. Vol. 67. URL: https://doi.org/10.1016/j.jairtraman.2017.03.005

34. Button K., Lall S. The economics of being an airport hub city. Research in Transportation Economics. 1999. Vol. 5. URL: https://doi.org/10.1016/S0739-8859(99)80005-5

35. Kano L., Narula R., Surdu I. Global Value Chain Resilience : Understanding the Impact of Managerial Governance Adaptations. California Management Review. 2022. Vol. 64 (2). URL: https://doi.org/10.1177/00081256211066635

36. Christopher M., Peck H. Building the Resilient Supply Chain. The International Journal of Logistics Management. 2004. Vol. 15 (2). URL: https://doi.org/10.1108/09574090410700275

REFERENCES

Mentzer, J. T. et al. (2001). Defining Supply Chain Management. Journal of Business Logistics, 22 (2). https://doi.org/10.1002/j.2158-1592.2001.tb00001.x

Cooper, M. C., Lambert, D. M., Pagh, J. D. (1997). Supply Chain Management: More Than a New Name for Logistics. The International Journal of Logistics Management, 8 (1). https://doi.org/10.1108/09574099710805556

Mena, C., Humphries, A., Choi, T. Y. (2013). Toward a Theory of Multi-Tier Supply Chain Management. Journal of Supply Chain Management, 49 (2). https://doi.org/10.1111/jscm.12003

Choi, T. Y., Dooley, K. J., Rungtusanatham, M. (2001). Supply networks and complex adaptive systems : control versus emergence. Journal of Operations Management, 19 (3). https://doi.org/10.1016/S0272-6963(00)00068-1

Coe, N. M., Hess, M., Yeung, H. W. C., Dicken, P., Henderson, J. (2004). “Globalizing” regional development : a global production networks perspective. Transactions of the Institute of British Geographers, 29 (4). https://doi.org/10.1111/j.0020-2754.2004.00142.x

Coe, N. M., Dicken, P., Hess, M. (2008). Global production networks : realizing the potential. Journal of Economic Geography, 8(3). https://doi.org/10.1093/jeg/lbn002

ICAO, World Customs Organization (2023). Moving Air Cargo Globally : Air Cargo and Mail Secure Supply Chain and Facilitation. Third Edition. https://www.icao.int/sites/default/files/Security/aircargo/Documents/Moving-Air-Cargo-Globally-Third-edition.EN.pdf

Porter, M. E. (1985). Competitive Advantage : Creating and Sustaining Superior Performance. New York : Free Press. https://books.google.com/books/about/Competitive_Advantage.html?id=86PbNAEACAAJ

Lepak, D. P., Smith, K. G., Taylor, M. S. (2007). Value Creation and Value Capture : A Multilevel Perspective. Academy of Management Review, 32 (1). https://doi.org/10.5465/amr.2007.23464011

Bowman, C., Ambrosini, V. (2000). Value Creation Versus Value Capture : Towards a Coherent Definition of Value in Strategy. British Journal of Management, 11 (1). https://doi.org/10.1111/1467-8551.00147

Teece, D. J., Linden, G. (2017). Business models, value capture, and the digital enterprise. Journal of Organization Design, 6 (8). https://doi.org/10.1186/s41469-017-0018-x

Jodlbauer, H., Brunner, M., Bachmann, N., Tripathi, S., Thürer, M. (2023). Supply Chain Management : A Structured Narrative Review of Current Challenges and Recommendations for Action. Logistics. 7 (4), 70. https://doi.org/10.3390/logistics7040070

International Air Transport Association (IATA). (2026). IATA Highlights Three Priorities for Air Cargo. https://www.iata.org/en/pressroom/2026-releases/2026-03-10-01

Eurostat (2026). Air transport measurement metadata; freight and mail air transport (avia_go family) and freight/mail by main airports (avia_gooa). https://ec.europa.eu/eurostat/databrowser/view/avia_gooa/default/table?lang=en

Coase, R. H. (1937). The Nature of the Firm. Economica, 4 (16). https://doi.org/10.1111/j.1468-0335.1937.tb00002.x

Williamson, O. E. (1979). Transaction-Cost Economics : The Governance of Contractual Relations. Journal of Law and Economics, 22 (2). https://doi.org/10.1086/466942

Williamson, O. E. (1981). The Economics of Organization : The Transaction Cost Approach. American Journal of Sociology, 87 (3). https://doi.org/10.1086/227496

Wiltshire, J. (2018). Airport competition : Reality or myth? Journal of Air Transport Management, 67. https://doi.org/10.1016/j.jairtraman.2017.03.006

Karanki, F., Yu, C. (2025). Assessing airports’ bargaining power : Evidence from U.S. airports using a two-tier stochastic frontier analysis. Transport Policy, 164. https://doi.org/10.1016/j.tranpol.2025.01.036

North D. C. (1990). Institutions, Institutional Change and Economic Performance. Cambridge : Cambridge University Press. https://doi.org/10.1017/CBO9780511808678

European Commission (2026). The eFTI Regulation : digitalising freight transport across the European Union. https://transport.ec.europa.eu/transport-themes/logistics-and-multimodal-transport/efti-regulation_en

European Parliament (2020). Regulation (EU) 2020/1056 of the European Parliament and of the Council of 15 July 2020 on electronic freight transport information. https://eur-lex.europa.eu/eli/reg/2020/1056/oj

Hernández, V., Pedersen, T. (2017). Global Value Chain Configuration : A Review and Research Agenda. BRQ Business Research Quarterly, 20 (2). https://doi.org/10.1016/j.brq.2016.11.001

Gereffi, G., Humphrey, J., Sturgeon, T. (2005). The governance of global value chains. Review of International Political Economy, 12 (1). https://doi.org/10.1080/09692290500049805

World Bank (2020). World Development Report 2020 : Trading for Development in the Age of Global Value Chains. Washington, DC : World Bank. https://www.worldbank.org/en/publication/wdr2020

Krykavskyi, Ye. V., Pokhylchenko, O. A., Fertsch, M. (2020). Logistics and Supply Chain Management. Lviv : Publishing House of Lviv Polytechnic National University. https://elib.chdtu.edu.ua/e-books/4247

Syvak, R. B. (2007). Value Chain Management : A Logistical Approach : PhD Thesis in Economics : 08.00.04. Ternopil. https://dspace.wunu.edu.ua/handle/316497/15600

Kalda K. O. (2009). Logistical approach to the formation of value chains for air transport products. Herald of Khmelnytskyi National University. Economic sciences, 1. https://journals.khnu.km.ua/vestnik/pdf/ekon/2009_1/zmist.files/_48.pdf

Lypov V. V. (2024). Industry 4.0 and the Formation of Chains (Networks) Creation of Value Based on Digital Platforms. Herald of the Economic Sciences of Ukraine, 2 (47). https://doi.org/10.37405/1729-7206.2024.2(47).152-161

Rodriguez, C., Ciravegna, L., Petersen, B. (2023). Geographical Reconfiguration in Global Value Chains : Search within Limited Space? Global Strategy Journal, 13 (2). https://doi.org/10.1002/gsj.1441

Gereffi, G., Lim, H.-C., Lee, J. (2021). Trade policies, firm strategies, and adaptive reconfigurations of global value chains. Journal of International Business Policy, 4. https://doi.org/10.1057/s42214-021-00102-z

ACI EUROPE (2026). Airport Industry Connectivity Report 2025. https://connectivity.aci-europe.org/connectivity-report-2025

Thelle, M. H., Sonne, M. (2018). Airport competition in Europe. Journal of Air Transport Management, 67. https://doi.org/10.1016/j.jairtraman.2017.03.005

Button, K., Lall, S. (1999). The economics of being an airport hub city. Research in Transportation Economics, 5. https://doi.org/10.1016/S0739-8859(99)80005-5

Kano, L., Narula, R., Surdu, I. (2022). Global Value Chain Resilience : Understanding the Impact of Managerial Governance Adaptations. California Management Review, 64 (2). https://doi.org/10.1177/00081256211066635

Christopher, M., Peck, H. (2004). Building the Resilient Supply Chain. The International Journal of Logistics Management, 15 (2). https://doi.org/10.1108/09574090410700275

Published

2026-10-19

Issue

Section

Economics and international economic relations

How to Cite

Reznik, V. (2026) “Economic reconfiguration of the value creation process in air transport services as a form of adaptation to infrastructural constraints”, Management and Entrepreneurship: Trends of Development, 3(37), pp. 138–150. doi:10.26661/2522-1566/2026-3/37-10.