search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
The Icelandic government was


aware of the airline’s troubles but unwilling to step in with financial assistance, despite the country’s growing attraction as a tourist destination, the professor noted. Foreign visitors have increased from 459,000 in 2010 to 2.3 million in 2018, according to the Icelandic Tourist Board. According to Tsoukalas, subsidies


are often justified in the interest of the public good, but they create fairness issues for competition. “The reality is, without [subsidies], some airlines would not be able to operate,” he said. “But again, such a business plan is not necessarily sustainable long term. What if the subsidies disappear?” WOW flights ferried 30% of


visitors to the country last year, and some analysts have predicted a 16% drop in tourism as a result of the airline’s collapse, according to Reuters. But the professors said the effect is unclear because other airlines, including Icelandair, will likely step in to fill the void. WOW joins a pantheon of


hundreds of airlines that have shut down over the years, including US Airways, Aloha Air, Air Berlin, India’s Kingfisher Airlines, Britain’s Monarch Airways and Denmark’s Primera Air, which suddenly shuttered in October and left thousands of passengers with worthless tickets. Because of all the variables involved


— many of which companies like WOW cannot control — airlines are inherently risky ventures. “In the case of WOW, it’s likely a combination of multiple factors that created difficulties,” Tsoukalas noted. The company’s aggressive expansion “required a large capital investment and not only complicated its operations, but also made it more difficult to fill the extra seats. At the same time, the company had to deal with upward trending fuel prices


COMMERCIAL CORPORATE MILITARY


Since 1997, Millennium International Avionics has provided operators with a new era of support for aircraft avionics and cockpit displays. From next gen upgrades, to legacy system repair options, we provide proven solutions for commercial, military and corporate applications. Our unparalleled commitment to quality, and industry-leading turn times makes Millennium International the preferred choice for your current and future avionics repair or upgrade.


SALES • REPAIR • OVERHAUL • EXCHANGE • SUPPORT • UPGRADES TCAS/IDENT • NAV/COMM • LCD & CRT Displays


… and likely increasing wages as its staff started to become more senior. In a sense, over time, some low- cost carriers start resembling legacy carriers more and more.”


Republished with permission from Knowledge@Wharton (http:// knowledge.wharton.upenn.edu), the online research and business analysis journal of the Wharton School of the University of Pennsylvania.


Aircraft Avionics & Cockpit Displays


avionics411.com • 816.524.7777 39


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68