Case Study Solutions Case Study Solutions | Page 3

MSC RISK MANAGEMENT3
Introduction
With the passage of time and growth in technology and economic conditions of the
countries and through increased industrialization, the aviation industry has flourished. The main
reason is the increase in the travel need due to business development and also the fleet movement
from one region to another with the fastest mode available. The enhancement in aviation industry
has offered the businesses the effective management of the fleet along with the safe and fast
delivery of products which are fragile in nature. The aviation industry on the other hand has
improvised its operations and functions in order to offer the people and the businesses the fastest
and safest mode of traveling from one place to another.
Over the period of time with the timely evolution in the industry, the passenger airline
service has increased with the reduced fatality rate of 7.1 increasing the number of travels per
year of this make customer. Also, after the incident of World Trade Centre, the aviation industry
attracted a lot of negativity due to ineffective control systems and function, jeopardizing the
quality of service offered. However, with the passing time, in 2011, the aviation industry again
rebuilt its operation through technological advancement and provide to be the safest year of
travel. (Raghavan, 2012 ​ Case Solution​ ).