Indonesia AirAsia Flight Report Assignment
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Added on 2020-04-13
Indonesia AirAsia Flight Report Assignment
Added on 2020-04-13
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RUNNING HEAD: MBA-Decision Making & Problem Solving1Decision Making & Problem Solving Analysis of AirAsia Airline Plane 8051 Crash in 2014Submitted by:
Analysis of AirAsia Airline Plane 8501 Crash in 2014 2ContentsIntroduction......................................................................................................................................2Purpose of Report.........................................................................................................................3Company, Problem and Approach Used to Solve...........................................................................3Analysis...........................................................................................................................................5Critical Evaluation of the Approach Used.......................................................................................6Improvements Suggested in the Approach used..........................................................................6Other Available Approaches........................................................................................................7The Best Approach.......................................................................................................................7Stock Market Analysis.....................................................................................................................7Reaction of Investors to Problem and Solution...........................................................................8Trend Analysis of Share Price during the Period.........................................................................8Conclusions......................................................................................................................................9Summary of Key learning Points...............................................................................................10Recommendations..........................................................................................................................10To company................................................................................................................................10To readers...................................................................................................................................10
Analysis of AirAsia Airline Plane 8501 Crash in 2014 3IntroductionThe report is regarding the Indonesia AirAsia Flight 8501 (QZ8501/AWQ8501) which wasscheduled to carry passengers from Surabaya, Indonesia, to Singapore. The internationalpassenger flight was operated by AirAsia Group affiliate Indonesia AirAsia. The flight met withan accident on 8 December 2014, while operating on the route, crashing into the Java Sea due tobad weather. The incident killed all 155 passengers and seven crew on board. The debris andhuman remains were collected two days later in the Java Sea. The wreckage was found on thesea floor on 3 January 2015(ABEND, 2015). The flight data recorder and cockpit voice recorderwere recovered by 13 January. The aircraft was hindered during an unusual steep climb and hadbeen incapable to recuperate. On 1 December 2015, the Indonesian National TransportationSafety Committee stated that the incidence was caused due to the sequence of events causingcrash due to malfunction in the rudder travel limiter unit. The pilots’ reply to the 104-degree rollof the aircraft and miscommunication lead to chain of events leading loss of aircraft. The aircrash became the second-deadliest in Indonesian territory, behind Garuda Indonesia Flight 152 in1997. It was considered as the second deadliest crash involving A320 and the third deadliestinvolving an Airbus A320 family (Lab, 2015). The aircraft crash lead to series of consequences
Analysis of AirAsia Airline Plane 8501 Crash in 2014 4generating multiple allegations on the AirAsia. It further leads to economic crash and had a longterm impact (Smith, 2015). Purpose of ReportThe report is related to examination of Air crash of Indonesia AirAsia Flight 8501(QZ8501/AWQ8501). The incidence leads to series of impacts on the Indonesian economy. Suchincidence creates distrust in the airliner and hence creates disruption. The AirAsia incidenceslead to multiple theories against their goodwill. One of the main purposes is to examine theconsequences that lead to this event and further affected the unsettled events coming up in future.AirAsia suffered widespread allegations due to the incidence and witnessed a series of fall in theshare market. The group is a pioneer of low -cost model in Asia, and has built a strong reputationfor affordable and safe flying. This has further questioned the credibility of AirAsia’s longhistory in aviation industry. An analysis into the matter and how it affected company’s positionwherein causing a fall in the share price. It showcases the investor behavior due to the fall in thestock market during the period. It further provides recommendations to the company and thereaders regarding the air crash. This has further greater implications on the airliner in order toreduce such incidence (Trask, 2016).Company, Problem and Approach Used to SolveThe air crash was known as one the second-deadliest incidence in the history of Indonesianterritory. It has affected people trust over the airliner and hampered the people’s faith for a longtime-period. The fatal crash occurred due to bad weather condition. The deadliest incidentcreated a deep concern in mind of people regarding the credibility of aircraft. The probablereason behind the crash was due to the bad weather. This accident has created a concern among
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