The company is a victim of the horrible circumstances in both disasters. Malaysia Airlines lost resp

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Vladimir Vepryev is a consultant in business and international relations with a diverse background. A native of Ukraine, a naturalized enterprise rental cars for sale U.S. citizen, and a firm believer in life-long enhancement of skills, he finished a Bachelor of Science in Mechanical Engineering, another Bachelor of Science in Structural Engineering, and a Master of Science in Mechanical Engineering, all from Ukrainian State University enterprise rental cars for sale of Water Management. enterprise rental cars for sale Later, Vlad earned a Master of Business Administration from Georgetown enterprise rental cars for sale University, a Master of Science in International enterprise rental cars for sale Development Studies from the University enterprise rental cars for sale of Amsterdam, and a Master of Liberal Arts, concentration in Government, from Harvard enterprise rental cars for sale University. He also completed graduate studies in international management at the University of Oxford, Trinity College.
Recently, one of the leading airlines of Asia and a reputable provider of intercontinental air traveling, Malaysia enterprise rental cars for sale Airlines suffered two catastrophic events. These disasters resulted in the unexplained disappearance of 239 individuals enterprise rental cars for sale in the first tragedy on March 8, 2014 (Flight enterprise rental cars for sale MH370) and then in the loss of 298 more in the second tragedy on July 17, 2014 (Flight MH17). Certainly, these horrific events lead to a lot of efforts in order to honor the victims’ lives, to help their families, to prevent such catastrophes from occurring in the future, and to avoid/decrease the follow-up problems. Alongside many others, Malaysia Airlines is a company that now became exposed to the severe follow-up problems. The aim of this article is to respond to the ideas published by Euronews (2014) in the article with the self-explanatory title, Can Malaysia Airlines survive this latest tragedy? Several other publications contributed to the discussion. Therefore, this article likewise provides observations enterprise rental cars for sale and suggestions.
Most importantly, Malaysia Airlines deserves enterprise rental cars for sale to survive. The company really strived to perform very well. Many new international routes were added to the flight schedules. Many measures were organized in different years in order to make the flights enjoyable. Many passengers solidified their good opinions about this airline. The company won multiple international awards for the excellent service (Malaysia Airlines, 2014; Flynn, 2014; Harvey, 2014). Malaysia Airlines achieved the status of the national success story in its home country. Because the international aviation enterprise rental cars for sale industry introduces countries to foreign enterprise rental cars for sale travelers, the role of the airline became especially important. In the case of Malaysia Airlines, the constant focus on the enhancement of the travelers’ experience definitely benefited the airline in the past years.
The financial situation for Malaysia Airlines did not look so optimistic even prior to the catastrophes. Since 2011, the financial losses began. The tragic events pushed the company’s stocks further down (Berr, 2014; Jansen, 2014). Also, there was some criticism of the company’s course of actions after the first disaster in March.
The company is a victim of the horrible circumstances in both disasters. Malaysia Airlines lost respectively twelve and fifteen crew members in each of these disasters. All available evidence provides clear and credible allegations against the Putin-supported terrorist groups in the Eastern enterprise rental cars for sale part of Ukraine enterprise rental cars for sale in relation to their missile that destroyed the aircraft performing flight MH17 on July 17. Malaysia Airlines could not have an opportunity to prevent that from happening. We may never know the exact cause of the disappearance of flight MH370 on March 8. Nothing suggests in this stage of the investigation that the disaster on March 8 was anyhow influenced by the company’s procedures, actions, and/or regulations. Even if one person enterprise rental cars for sale piloting enterprise rental cars for sale the plane caused the destruction, as of today such a variant remains one of the hypotheses. Furthermore, nothing limits such a consideration to the captain and the first officer enterprise rental cars for sale of the crew. In other words, someone with a readiness to kill and to commit a suicide mission could enter the cockpit and destroy the pilots as the breakthrough to the greater tragedy. In his analysis of the events on the disappeared plane, Chris Goodfellow, an experienced pilot, emphasizes the confirmed turn of the MH370 plane in the south-eastern direction toward the Pulau Langkawi airport as an evident attempt of the pilots to change the course and to try to land in Pulau Langkawi due the problem onboard (2014; see also Ford, 2014). Therefore, the recent history indicates absence of the airline’s guilt.
There is a precedent of the company that dealt with an extreme extent of impact from the brutal terror. That was Cantor Fitzgerald, one of the leading investments firms in New York. On September 11, 2001 the company suffered tremendous losses when the hijacked plane operated enterprise rental cars for sale by the Al-Qaeda terrorists hit the North Tower/Building One of the World Trade Center, the location of the Cantor Fitzgerald headquarters. Alongside other victims on the plane and in the buildings 658 employees were killed. The losses of lives constituted over two thirds of the total list of the company’s employees. The Cantor Fitzgerald headquarters occupied enterprise rental cars for sale floors from 101 to 105. It was above the impact zone and the North Tower was hit first (La Roche, 2011; Edelman, 2013; Gorman, 2013). Instead, the South Tower had a number of survivors who were located in the upper portion and immediately approached the exits after learning about the plane hitting the neighboring building and before the second plane hit their own place of work.
Cantor Fitzgerald was not expected to remain enterprise rental cars for sale in business. The economic downturn in USA in 2001 was further intensified by the September 11 attacks. Nevertheless, with the leadership of Howard Lutnick, the continuing CEO, Cantor Fitzgerald carried on the operations from the office in New Jersey, sustained the business, remained enterprise rental cars for sale a valuable deal partner, and provided supportive enterprise rental cars for sale payments to the families of the murdered employees. Currently, Cantor Fitzgerald keeps its solid standing in the financial industry and respect enterprise rental cars for sale among the stakeholders.
In addition to the impressive aforementioned example, the history of victory applies enterprise rental cars for sale to the aviation industry as well. Several enterprise rental cars for sale major international airlines successfully went through the series of business reforms after tragic accidents. The examples include, but are not limited to Korean Air (News.com.au, 2014; West, 2014), Garuda Indonesia (News.com.au, 2014), and Swiss International Airlines (West, 2014). Safety of the passengers acts as the key factor in the aviation industry. Safety possesses priority everywhere. The aviation industry belongs to the group of industries where safety means the most fundamental component. Korean Air, Garuda Indonesia, and Swiss International Airlines proceeded with improvements and managed to ensure that.
Many things depend from the corporate ownership. This issue extraordinary importance for Malaysia Airlines as well. In this case, Khazanah enterprise rental cars for sale Nasional Bhd, an investment fund, belongs to the government of Malaysia. In turn, this fund holds 69% of ownership of Malaysia Airlines (Venkat and Raghvanshi, 2014; West, 2014; Pandey, 2014). The talks about the denationalization of Malaysia Airlines started in June 2014, possibly even earlier (Venkat and Raghvanshi, 2014). After the second catastrophe, the talks about either the denationalization or the reduction of the Khazanah Nasional Bhd percentage enterprise rental cars for sale of shares intensified enterprise rental cars for sale (Pandey, 2014).
Overall, the way of privatization will benefit for Malaysia Airlines. However, the government of Malaysia enterprise rental cars for sale and Khazanah Nasional Bhd need to avoid a variant of selling Malaysia Airlines to a foreign airline that will completely dissolve their acquisition in their own corporate structure. Technically, it can produce a workable variant for a perspective buyer.  But it would be not a good choice for Malaysia and Malaysia Airlines. Definitely, Malaysia needs a strong participant in the international aviation industry that will have multiple reasons for a commitment to stay in the hub of Kuala Lumpur and to provide a reliable connection between the South East Asia and other parts of the world. enterprise rental cars for sale A potential closure of this airline or its limitation to the domestic operations would result in the re-distribution of the flow of travelers among the major airports in the surrounding countries. Eventually, such a variant would negatively impact the hotel industry, tourism, and sales in Malaysia.
Instead, other variants of privatization will work. As a result of a sale, Malaysia Airlines will receive available cash equivalents for the investments in the major strategic enterprise rental cars for sale changes. The changes need to start immediately because the situation of Malaysia Airlines cannot afford delays. The company will be able to attract the best international experts for management, operations, and consulting participation. If and when the financial models for the new traveling routes would show net income, Malaysia Airlines may pursue these leads. Of course, much more funds and efforts can be allocated for the marketing enterprise rental cars for sale campaigns. Additional training programs for employees and purchases enterprise rental cars for sale of new equipment will become possible. In the case of privatization, the government of Malaysia will still be interested in the strong performance of Malaysia Airlines due to its connectivity to other industrie