Operational Risk

Operational Risk Operational risk associated with operations and commercialiseing activities of the Company. such(prenominal) risks can be associated with demand & sales equipment casualty variability, competitor threats, operational leverage, portfolio risk and product development risks, to the limit that they are independent of mart risk. The following are more or less of the key aspects of business operational risk faced by Air Canada. Demand and the price level of passenger and pack traffic of Air Canada, have been influenced most by market-area scotch development, economic cycles, and competition in the industry as hearty as various unexpected events, such as terrorism, environmental accidents and epidemics. The company has plans of action to minimise the operational impacts arising to air disco biscuit from various external disruptive factors. The current trend intelligibly indicates that matchedness in the air transport sector depends on how flexibly Air Canada can react and adapt to affect events, changes in demand and a constantly changing competitive environment. Following are the way to mitigate operational risk- 1. market place and economic factors: the Company is largely dependent on passengers and cargo shippers to be able and willing to pay for carriage by air.

This ability and willingness is influenced by economic factors and security conditions in Canada, U.S. and former(a) countries around the world, over which the Company has no control. The Company strives to market Mauritius abroad and to offer products suited to the core tourism market and other segments. 2.  Ensuring the provision and conduct of mandatory training to wholly staff in critical operational areas both division; 3. Ensuring the conduct of skills based training on equipment and operating  systems for leakage crews, cabin  crews, ground operations and other staff every year; 4. Ensuring that all equipment and operating systems are well kept up(p) and in good  working purchase order on instrument panel our aircraft  and on the... If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .