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Impact of Unpredictable Major Events on Aviation Industry: Challenges, Benefits and Prospects for Recovery

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Reliability and Statistics in Transportation and Communication (RelStat 2022)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 640))

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Abstract

The aviation sector has experienced both the positive and negative impacts of such events on its operations. The adverse effects include a standstill on the ride due to the significant reduction of passengers and the strict guidelines imposed by the governments and WHO. The main aim of this research is to review the effects and impacts of unpredictable event on Aviation Industry with the development of recommendations based on suitable strategies. In order to achieve this aim, review of the most affected components was done, along with identification the individual causes of affected areas within Latvian based aviation company – Flight Consulting Group Ltd and development and evaluation of recovery strategies for the company management. The result of the paperwork shows importance of implementing strategical planning and business optimisation for the recovery process, as well as advises the strategies for risk mitigation and response plan. Hence, the proposed recommendations were generated and suggested to company management in order to be better prepared for future possible events.

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Author information

Authors and Affiliations

  1. Transport and Telecommunication Institute, Lomonosova 1, Riga, 1019, Latvia

    Viktorija Gorodnicka & Iyad Alomar

Authors
  1. Viktorija Gorodnicka
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  2. Iyad Alomar
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Corresponding author

Correspondence to Viktorija Gorodnicka .

Editor information

Editors and Affiliations

  1. Transport and Telecommunication Institute, Riga, Latvia

    Igor Kabashkin

  2. Transport and Telecommunication Institute, Riga, Latvia

    Irina Yatskiv

  3. Vilnius Gediminas Technical University, Vilnius, Lithuania

    Olegas Prentkovskis

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Gorodnicka, V., Alomar, I. (2023). Impact of Unpredictable Major Events on Aviation Industry: Challenges, Benefits and Prospects for Recovery. In: Kabashkin, I., Yatskiv, I., Prentkovskis, O. (eds) Reliability and Statistics in Transportation and Communication. RelStat 2022. Lecture Notes in Networks and Systems, vol 640. Springer, Cham. https://doi.org/10.1007/978-3-031-26655-3_6

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