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risk management – Aviation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › risk management – Aviation

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by AvatarKen Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • December 6, 2020 at 10:27 am #597833
    Avatarmisbahkiran
    Participant
    • Topics: 109
    • Replies: 193
    • ☆☆☆

    Sir

    in case of aviation they usually have comprehensive insurance or contingency plan if aeroplane operationality effect. so that is basically risk mitigation startegy.

    As coz of natural disaster COVID 19 risk realizes and steps taken by aviation are basically to reduce the effect of such realization

    like cost cutting
    delayed purchase of further fleet
    discontinue unnecessary services.

    December 6, 2020 at 3:34 pm #597887
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10657
    • ☆☆☆☆☆

    Yes – insurance is mitigation.

    Yes – all those measures reduce the effect of the disaster.

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