...Sky Air Inc.: Business Ethics Case Brock A. Reeves University of St. Thomas Summary of the Case Study Sky Air Inc. was an airline with its head office in Idaho Falls. It came into being in 1986. Its founder, Samuel Kaplan, was once an air force mechanical engineer. Apart from his engineering background, Mr. Kaplan was also a talented golf player. Having been born and brought up in Idaho Falls, Kaplan found out that there was a gap in the airline industry there. He believed that the region needed an extra carrier bearing in mind that the only airline, Vixenne Air, was performing poorly. Other problems related to the services offered by Vixenne Air included ineffective services to the customers and violations of the air safety precaution. Kaplan realized that he was capable of running an efficient airline due to his wealth of experience in the air force coupled with his mechanical skills. Since the inception of the company back in 1986, Sky Air Inc. had grown gradually. In this case study, Mr. Kaplan wished to sell some shares of Sky Air Inc. to generate money to take care of his forthcoming triplets as his wife was expecting. The potential partner would only have a 30% stake in equity without any representation in the management board. The buyer, Thyestean Ventures, offered $6 million which Mr. Kaplan concluded was too low for a company such as Sky Air Inc. Main Problem The main problem presented in the case study was the low buying price suggested by the potential buyer...
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...EXECUTIVE SUMMARY 1. Issues The meaning of Open Sky in the ASEAN must be determined. For the purposes of this Report, it is taken to refer to a situation of extensive liberalisation within the ASEAN region. It concentrates on the international links between members of ASEAN, and is not so concerned with domestic cabotage. The report does not focus on beyond rights, or on 5th freedom operations of non-ASEAN airlines within the region, though it recognises that these can have an impact on Open Sky arrangements. The rationale for Open Sky is taken to be to promote competition in the airline industry, and to give all airlines from ASEAN the scope to compete on intra ASEAN routes. Open Sky will also give airlines extra flexibility over their route development. Issues which need to be considered include: How well Open Sky will work in ASEAN? Will markets be competitive enough? Will there be shifts in hub location? Will anti competitive strategies affect operation? And will there be instability in the industry? 2. Experience of Open Skies Elsewhere There are many Open Skies bilateral agreements, and a few regional agreements. Few regional Open Skies agreements have led to substantial liberalisation or integration. The exception is Europe - Open Skies in Europe has meant the formation of a single aviation market. Significantly, this arrangement did not come about as a result of countries negotiating an open skies agreement - rather it was imposed on them by a central...
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...of Sky Sports 1, Sky Sports 2 or Setanta Sports 1 as well as HD versions of these channels or TV packages that contain these channels” and (b) “supply of television bundles containing Core Premium Movie channels”1. Part of Ofcom‟s analysis in support of these conclusions has involved consideration of changes over time in: (a) (b) (c) 3. charges for Sky‟s pay TV services; the quality of services provided by Sky to consumers; and the number of Sky subscribers. 2. In its inquiry Ofcom has put forward a view that Sky has continually raised charges for its pay TV services over time, reducing the value for money received by consumers, while at the same time increasing the number of its subscribers. Ofcom then infers from this assessment that Sky does not face effective competition at the retail level. Sky considers that the facts of the matter wholly contradict this assessment by Ofcom, and the inference that is drawn from it. Sky has already provided Ofcom with significant evidence collected by PwC, which shows that in relation to pay TV services UK consumers are well served compared to their European peers. Similarly, in its Response to Ofcom‟s Third Consultation Document, Sky demonstrated that Ofcom‟s proposition that examination of Sky‟s profitability shows that retail prices for pay TV services are excessive is without foundation.2 4. 1 Paragraph 4.410 of Ofcom‟s Third Consultation Document. Ofcom considers Sky Movies Action & Thriller, Sky Movies Comedy, Sky Movies...
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...Why is the sky blue? Have you ever wondered why our sky is blue? The molecules in our atmosphere are made up of about 78% nitrogen, 21% oxygen, .7% argon, and a small amount of trace gases. White light from our sun is made up of all the colors in the rainbow from red to violet. When the light hits our atmosphere the molecules scatter blue light more than red or green etc. so we see a blue sky! Let's do an experiment to see the effect of scattering, and some other properties of light. Get as many of the following materials as possible: A 1 liter beaker or 1 qt glass jar (a 12 oz glass will do), some milk, a laser pointer or other low power laser, a prism or diffraction grating and some lenses, and a lab notebook to record your observations. Fill the beaker with cold tap water and shine your laser through it. Mix 2-3 drops of milk into the water. Take the mixture into a dimly lit, or dark, room. Shine the laser through the side of the beaker and look through the top of the beaker, jar, or glass. What do you see? The mixture you made is called a colloidal suspension. Now shine the laser up through the side of the beaker toward the center of surface of the suspension. [Physics FAQ] - [Copyright] Original by Philip Gibbs May 1997. Why is the sky blue? A clear cloudless day-time sky is blue because molecules in the air scatter blue light from the sun more than they scatter red light. When we look towards the sun at sunset, we see red and orange colours because the blue...
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...and Environment in a Globalising World 10-12 November 2008, Guadalajara, Mexico The Impacts of Globalisation on International Air Transport Activity Past trends and future perspectives Ken Button, School of George Mason University, USA NOTE FROM THE SECRETARIAT This paper was prepared by Prof. Ken Button of School of George Mason University, USA, as a contribution to the OECD/ITF Global Forum on Transport and Environment in a Globalising World that will be held 10-12 November 2008 in Guadalajara, Mexico. The paper discusses the impacts of increased globalisation on international air traffic activity – past trends and future perspectives. 2 TABLE OF CONTENTS NOTE FROM THE SECRETARIAT .............................................................................................................2 THE IMPACT OF GLOBALIZATION ON INTERNATIONAL AIR TRANSPORT ACTIVITY - PAST TRENDS AND FUTURE PERSPECTIVE ....................................................................................................5 1. 2. 3. Introduction ..........................................................................................................................................5 Globalization and internationalization ..................................................................................................5 The Basic Features of International Air Transportation .......................................................................6 3.1 Historical perspective ...............
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...between Airlines 6 Major Airline Alliances in the World 6 Alliances help Airlines to Achieve Comparative Advantage 7 Sky Team Alliance 8 Airline Alliances Enhance the CSR 9 Conclusion 10 References 12 Abstract Now a days the term global alliance is widely used in every business, but its presence is more significant in airline industry. The strategic alliances in airline industry are global in nature. The past deregulation impacted on strategic alliances positively, industry is freer to set routes and cooperation’s, due to oil price hike the cooperation of airline firms was unavoidable. The alliances help generating traffic between an airline and other parties that are partner. The European alliances were threatened by US alliances; in such scenarios United Airlines and British Airlines came in contract to avoid threats from US airlines. The benefits of strategies alliances are to gain foothold in any country like many airlines did in Europe, while at the same time is to establish global presence. Strategic alliance and mergers of firms acts as marketing technique in airline industry. Many of the European airlines bought stakes from the Asian and US airlines by working on strategic alliances. In the airline industry there are three major alliances: One World, Star Alliance and Sky Team Alliance. The paper concludes that alliances are good to achieve betterment in things; the airlines may have better CSR...
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...PREFACE India, with its booming economy, plus 8 digit growth, is witnessing a surge in the income levels. This has led to increased demand for entertainment and luxury and people now want to enhance their television viewing experience. Their increased desire for superior video and audio quality has also been reflected in our research findings. All this will sound music to the ears of all the DTH service providers planning to increase their market share many fold. The potential of DTH in Indian market is seemingly substantial. This has motivated us to undertake a market research project to analyze and assess the future prospects of its acceptability and growth in India. To make our project comprehensive and to make our results conclusive, we have done a thorough analysis in terms of in-depth primary and secondary research. Scanning through articles pertaining to DTH in newspapers, magazines and internet; interviewing dealers and marketers, sales executives; getting questionnaires filled by 250 respondents; we are confident that our findings present the facts as they are. The whole project has been so designed that it not only meets the requirements of our course curriculum, it also will be useful to existing and coming DTH service providers. Research Methodology Our report is an integral part of my Market Research paper, 3rd Semester of my Bachelor of Business Studies (BBS) course at Shaheed Sukhdev College of Business Studies, D.U. this project has been prepared under...
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...line of business. Delta Air Lines is a very well known airline that flies passengers and their luggage to various destinations. In addition to discussing Delta Air Line’s main line of business, how the company implement’s the 4p’s of marketing will also be discussed in this project. Delta Air Lines When individuals think of fortune 500 companies Apple, Microsoft and the United States Parcel Services are amongst the first to come to mind. Fortune 500 companies are companies that are ranked annually by Fortune magazine and are the 500 largest companies in the United States. The fortune 500 list are based off of the company’s most current figure in regards to revenue. Companies such as Exxon Mobile, Wal-Mart, GE and Chevron have made their way up the fortune 500 list guide a few times in recent years. Being a fortune 500 company gives a company a reputable reputation and image (Fortune 500, 2012). Delta Air Lines is an airline that provides scheduled air transportation to various destinations for passengers and cargo throughout the United States in addition to various countries and continents. Delta Air Lines was originally Huff Daland Dusters in 1924 when it was first originally founded as a c Daland Dusters moved to crop dusting service in Macon, Georgia. Huff Daland Dusters moved to Monroe, Louisiana in 1925 and was then brought by CE Woolman and two additional partners. While under new ownership, Huff Daland Dusters was changed to Delta Air Service and began flying...
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...CONSTELLATIONS and ASTROLOGICAL SIGNS * What is a Constellation? * A constellation is a group of stars that appears to form a pattern or picture like Orion the Great Hunter, Leo the Lion, or Taurus the Bull. Constellations are easily recognizable patterns that help people orient themselves using the night sky. * In modern astronomy, a constellation is an internationally defined area of the celestial sphere. These areas are grouped around asterisms, patterns formed by prominent stars within apparent proximity to one another on Earth's night sky. * The constellation Orion is one of the most recognizable in the night sky. * There are 88 standard constellations recognized by the International Astronomical Union (IAU) since 1922. The majority of these go back to the 48 constellations defined by Ptolemy in his Almagest (2nd century). The remaining ones were defined in the 17th and 18th century; the most recent ones are found on the southern sky, defined in Coelum australe stelliferum by Nicolas Louis de Lacaille (1763). * There are also numerous historical constellations not recognized by the IAU, or constellations recognized in regional traditions of astronomy or astrology, such as Chinese, Hindu or Austral Aboriginal. * Are the Stars in a Constellation near each other? * Not necessarily. Each constellation is a collection of stars that are distributed in space in three dimensions – the stars are all different distances from Earth. The stars in a...
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...A PROJECT REPORT ON “CARTELS IN AVIATION INDUSTRY” (Report submitted on July 12, 2011) SUBMITTED TO: COMPETITION COMMISSION OF INDIA BY: PREETI MECHAN Vth YEAR GUJARAT NATIONAL LAW UNIVERSITY Email: preeti.mechan@gmail.com 1 DISCLAIMER This project report/dissertation has been prepared by the author as an intern under the Internship Programme of the Competition Commission of India for academic purposes only. The views expressed in the report are personal to the intern and do not necessarily reflect the view of the Commission or any of its staff or personnel and do not bind the Commission in any manner. This report is the intellectual property of the Competition Commission of India and the same or any part thereof may not be used in any manner whatsoever, without express permission of the Competition Commission of India in writing. 2 TABLE OF CONTENTS I. II. III. IV. Acknowledgement.........................................................................................4 Objective........................................................................................................5 Research Methodology.................................................................................5 Chapter I Introduction...................................................................................................6 V. Chapter II Aviation Industry in India............................................................................7 History of Aviation Industry...
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...We have a positive fundamental outlook for the airline industry. In 2009, the S&P Airlines Index increased 27.43%, versus a 29.03% rise for the S&P 500 The airline industry is highly cyclical, and the level of demand for air travel is correlated to the strength of the U.S. and global economies. According to the S&P, it is expected that an improving U.S. economy continues to drive improving air travel demand over the next few months beginning at the end of 2009. At the end of 2009, the reported traffic statistics at many major carriers showed improving demand and revenues . Therefore, it is reasonable that the U.S. airline industry could be undergoing the start of fundamental industry demand improvement. In addition, since the industry has already reduced capacity levels, it should be able to raise fares as passenger travel demand improves. Even though oil and jet fuel prices is up sharply from 52-week lows, they are still notably lower than in 2008 , which should ease cash usage throughout the group and allow good entry points into new fuel hedge positions, thereby offering protection if oil spikes again. According to S&P, the top 10 U.S. carriers lost about $5 billion in 2009, after a $4 billion loss in 2008, as the benefit of lower jet fuel costs was eroded by lower airfares and falling passenger levels. Results in 2008 were impacted by record high oil prices. Airlines have cut fares in response to weakening demand, but we think recent cuts to domestic and international...
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...Michigan just outside of Marquette, on a sunny winter day as the skies turn dark and ominous clouds build in the distance. Suddenly, a “wall of white” appears several hundred yards ahead and some of the heaviest snow you have ever seen obscures everything in your path. You inch forward through the blizzard until you arrive on the other side – where skies once again turn sunny. Anyone who lives in the Great Lakes region is familiar with this unique type of winter weather. This heavily localized snowfall, known as lake-effect snow, is most common from November to February. The winter weather phenomenon is capable of whiting out large sections of the Great Lakes region, from South Bend, Indiana, to Buffalo, New York. Towns and cities at higher elevations can expect even larger amounts of lake-effect snow. The Recipe for Lake-Effect Storms Lake-effect snow forms in the winter when cold air masses move over warmer lake waters. As the warm lake water heats the bottom layer of air, lake moisture evaporates into the cold air. Since warm air is lighter and less dense than cold air, it rises and begins to cool. The moisture that evaporates into the air condenses and forms clouds, and snow begins falling. This may seem like the recipe for whole world but due to the sheer size of the great lakes and the fact that it is fresh water and not salt, the amount of evaporation is much greater causing larger amounts of moisture in the air. Snow clouds most often form in narrow bands where...
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...Foreseeability Study Report on Amazon Prime Air service About Amazon Prime Air Amazon has invented the new product to deliver the various products to the customers by the drones. It will be the new technology, which will make the company innovative. It is a technological scenario, which makes Amazon capable to develop the new thinking in regards to improve and make the products delivery system fast, In future, the drones will deliver the products in 30 minutes under the control of technology experts. Introduction Electronic commerce (e-commerce) has been a staple of the society’s daily life and the significance has increased tremendously over the last decade, as the internet becomes more integrated and as technology advances rapidly. With a United Kingdom market share of approximately 22.5% in the entertainment market alone (Butler, 2015), beating the likes of Apple and HMV in the sales of music and movies, Amazon is without a doubt a force to be reckoned with in the e-commerce ecosystem. Its service has evolved over the years from the introduction of Amazon Prime which includes free one-day delivery and its movie streaming service, to Amazon Fresh which delivers fresh cooking ingredients delivered on the same day of ordering. Amazon’s latest offering, Amazon Air, a new method of delivery using flying drones has piqued curiosities among experts in the industry. This report will explain further Amazon air’s service as well as pointing out five aspects that...
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...fibrous minerals with high tensile strength, the ability to be woven, and resistance to heat and most chemicals. Because of these properties, asbestos fibers have been used in a wide range of manufactured goods, including roofing shingles, ceiling and floor tiles, paper and cement products, textiles, coatings, and friction products such as automobile clutch, brake and transmission parts. The current federal definition of asbestos is the asbestiform varieties of: chrysotile (serpentine); crocidolite (riebeckite); amosite (cummingtonite/grunerite); anthophyllite; tremolite; and actinolite. What are the health effects of asbestos exposure? Exposure to airborne friable asbestos may result in a potential health risk because persons breathing the air may breathe in asbestos fibers. Continued exposure can increase the amount of fibers that remain in the lung. Fibers embedded in lung tissue over time may cause serious lung diseases including: asbestosis, lung cancer, or mesothelioma. Smoking increases the risk of developing illness from asbestos exposure. Three of the major health effects associated with asbestos exposure include: • Asbestosis – Asbestosis is a serious, progressive, long-term non-cancer disease of the lungs. It is caused by inhaling asbestos fibers that irritate lung tissues and cause the tissues to scar. The scarring makes it hard for oxygen to get into the blood. Symptoms of asbestosis include shortness of breath and a dry, crackling sound in the lungs while inhaling...
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...accounted for this major setback, and Sky’s surprising entry into the market was the primary reason for BSB’s predicament. BSB’s failure to acknowledge the threat of new entrants was the preponderant factor that led to their demise. News Corporation announced in 1988 that a new satellite television venture, Sky Television shall broadcast in and around Britain. While BSB’s satellite failed to launch as planned, Sky soon went on air in 1989 by using conventional technologies and renting satellite channels thus gaining the advantage of being the first mover. Therefore, sky had a lengthy head start and maybe a modicum of a better reputation. The market that was expected to be monopolistic actually turned out to be an oligopoly. With a combined investment of £1.25 billion and collective losses of £10 million per week, Baseband Sky, the two major players in the British satellite television industry engaged in an intense price war to ascertain themselves in a market which they perceived to be potentially monopolistic. The two major problematic issues that need to be addressed in this case are: 1. whether it was advisable to compete in this cut-throat market or whether...
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