The most corrupted airline industry is Boeing. Boeing was founded back in 1916. This industry has been around for a long time. Boeing became a successful business and it still continues to be successful till this day. Boeing is so successful that it still needs to receive subsidies; that makes sense. In the article called "10 Companies Receiving the Biggest Handouts from the Government," the author states that Boeing has received 137 subsidies. These 137 subsidies were valued at $13,174,075,797. This article was last modified in 2014. The next article was published in 2015. In "The 8 Biggest Corporate Welfare Recipients in America," written by Sam Becker, states some very interesting information about this corrupted industry. Moreover, Becker
For starters a few days before the attack on 9/11, the airlines stocks did go up. Which means the supply and demand was greater. America was making more money, which is good. The airlines that stocks markets went up, were the airlines that were hijacked which than lead to them going bankrupt. Gabi Logan was saying on USA today “ Despite this government-funded measure, several prominent American airlines declared bankruptcy not long after the 9/11 attacks.” Due to bankruptcy more than just money was
American, Delta, Southwest, and United Airlines are the four major companies that own 70% of the airline industry (Young, “United Airlines: The Face of Monopoly Capitalism”). This monopolization of the airline industry reduces competition and allows the companies to treat their passengers however they see fit, due to the limited choice set and because the companies have been left largely unregulated. This sort of behavior is clearly conveyed in the United Airlines incident when Dr. David Dao was forcibly removed from his flight after a random selection to make room for crew members ("United Airlines: Eyewitness on how passenger was dragged off plane"). When Dr. Dao refused to give up his seat and get off of the plane he was forcibly removed
When examining the major impact of an airline, one should take into account the airline’s history. Air North -the Yukon’s airline has been around for 36 years and dates back to the 1970’s. Air North is a regional based carrier that provides service within the Yukon (the westernmost and smallest of Canada’s three federal territories) between the Yukon and British Columbia, Alberta, Northwest Territories and Alaska (Fly Air North, 2013). These services also include scheduled passenger service, charter services for passenger and/or cargo and cargo and ground handling services (Fly Air North, 2013). The charter passenger service is provided throughout Canada and the United States. The Yukon’s airline is headquartered in Whitehorse, Yukon. It is the largest airline in the Yukon and is one of only five Canadian carriers that provide a year round scheduled domestic air service with jet equipment (Fly Air North, 2013). The airline also has over two hundred full-time and part-time employees in the Yukon and also operates a base in Vancouver, which employs over sixty people. Air North is one of the largest private sector employers in the Yukon (Fly Air North, 2013). Interestingly enough, is that one of fifteen Yukoners hold an equity or employment stake in Air North, Yukon’s Airline (Fly Air North, 2013).
In 1999, David Neeleman, announced to launch a new airline. He had received strong support for his business plan from the venture capital community. He had quickly raised $130 million in funding from such high profile firms such as Weston Presidio Capital, Chase Capital Partners, and George Soros’s priv...
the airlines as they have lost out on a lot of money because of the
Boeing is the largest aerospace company and the largest manufactor of commercial and military aircraft in the world. Boeings military aircraft come equipped with missiles, satellite, launch vehicles and advanced information and communication systems. Boeing is the number one U.S. exporter when it comes to sales. Boeing’s management must understand the importance of the legal, ethical and social responsibility of their organizations. All of the above mentioned will have an effect on the planning function of management.
The Boeing Corporation is one of the largest manufacturers in the world. Rivaled only by European giant Airbus in the aerospace industry, Boeing is a leader in research, design and manufacture of commercial jet airliners, for commercial, industrial and military customers. Despite enjoying immense success in its market and dominating an industry that solely recognizes engineering excellence, it is crucial for Boeing to ensure continued growth through consistent strategy formulation and execution to avoid falling behind in market share to close and coming rivals.
Squeo, A & Pasztor, A. (2003, May 5). U.S. Probes Whether Boeing Misused a Rival's Documents
To be the number one aerospace company in the world and among the premier industrial concerns in terms of quality, profitability and growth
Kathleen Hanser, `The Secret Behind High Profits at Low-fare Airlines'. http://www.boeing.com/commercial/news/feature/profit.html [accessed 15 May 2003]
In this 21 Century our life would be impossible without the use of aircrafts. We fail to realize how much airplanes tends to advance our daily lives. Airplanes are our main means of traveling out of the state, out of the country and for a few lucky ones, out of the continent. Airplanes help improve businesses and help broaden connections to other places. It gives us a connection to the outside world. Driving across several states is not very common measure. Flying saves so much more time that driving state to state became almost nonexistent for the ones that could afford it. Till this day the Boeing company still continues to lead the aerospace community. Boeing made himself a part of aerospace history while doing the things he loved the most.
Bjerga, Alana. Ex-Boeing CFO pleads guilty in tanker deal scandal. November 16, 2004. Seattle Times. Retrieved on December 6th, 2011. http://seattletimes.nwsource.com/html/businesstechnology/2002091816_webboeing16.html
Institutional corruption is manifest when there is a systemic and strategic influence which is legal, or even currently ethical, that undermines the institution’s effectiveness by diverting it from its purpose or weakening its ability to achieve its purpose, including, to the extent relevant to its purpose, weakening either the public’s trust in that institution or the institution’s inherent trustworthiness.??
However, airbus has been involved in several rumors not very ethical. For example, in the article “Illegal Subsidy Backs Airbus” George Landrith mentions “World Trade Organization (WTO) issued a preliminary ruling that according to media reports held that European governments have provided billions of dollars in illegal subsidies to Airbus in an attempt to steal market share and U.S. jobs away from America-based Boeing.” In other words, airbus has been cheating for what they called a launch aid by the European government since 1970 to steal the United States “Boeing” jobs. Another rumor stated by George Landrith the President of the Frontiers of Freedom Institute says that:
achieving a ‘perfect’ formula. Theoretically, if a formula for discovering political corruption were able to be achieved the cost of such a tool would be astronomical. On the one hand it could mean saving a lot of money on candidates who are most likely to lose congressional races. Obviously, this is not a 100% guarantee that individuals who seem slated to lose would lose however, it could give a good indication with some more variables added on. I would suspect that there are PAC’s or independent research groups (such as Gallup) who conduct polls and regularly put together information on who will win and lose. On the data driven side of things thousands of variables could be used to determine the viability of a candidate beating an incumbent