Airline Regulation Essay Example | Topics and Well Written Essays - 500 words

spread hose Regulation - Essay ExampleThe first major benefit the airline industry would gain would be the sanctuary of its passengers. Section 601(b) of the FA Act specifies, in part, that when issuing certificates, the FAA shall give full consideration to the duty resting upon air carriers to perform their services with the highest possible degree of safety in the public interest . . .Why? Because safety is also related to profitability of an airline company The first step would be to establish the particular that safety issue is not just about accidents, it is also about prevention. Accidents are few precisely they cost the company a lot of money in terms of insurance payment as well as bad publicity. In a study made by Mitchell and Maloney ( 1989) it was revealed that found that take price falls can be attributed both to the projected future costs of higher insurance and to a brand name effect associated at-fault attribution ( qtd from. Button,1997 ). Bad publicity is bad marketing and volume lose trust in a certain carrier that is involved with frequent accidents. If precaution wants to vitiate costs, then it must pay attention to its safety programs. The best possible way to change the managements view about safety is to make a presentation that would justify safety as a way to minimize future costs. I would ask a group of industry specialists on safety to present to the management the benefits of safety to our company and relate it to financial matters.The only problem with the execution of instrument of safety is that some airlines do get favorable treatment from the governing. Popular participation from citizens such as lobbying in Congress as well as writing the government should put pressure to the government to be more tight in its monitoring and control of private airline companies. It is not condemnable to make profit out of rendering service, that is free trade. However, profit is not