Quote:
Originally Posted by Stealth22
The same thing as Transport Canada and the FAA - the new radar and satellite data.
|
So you believe your original statement that "Until both investigations are completed, it's irresponsible to suggest grounding every 737 MAX in the world" was correct at the time? Like, you don't want to say,
I was wrong when I said that?
There was obvious risk with the aircraft that literally the entire world saw with the exception of NA. You don't think you have some bias here that you should reflect on? The downside to voluntarily grounding the aircraft would be lost revenue and a disrupted schedule. That sucks, but is very recoverable. A crashed plane would kill 100+ and could sink the company. I am really disappointed in WestJet for not choosing to ground the planes.
In the
MD&A in the 2017 Annual Report, management had this to say:
Quote:
A major safety incident involving our aircraft during operations could cause substantial repair or replacement costs to the damaged aircraft, a disruption in service, significant claims relating to injured guests and other parties and a negative impact on our reputation for safety, all of which may adversely affect our ability to attract and retain guests.
|
You're an investor in WestJet. From that standpoint alone I would think your first instinct would be to err on the side of caution. I'm surprised you wouldn't want to ground the planes, wait for the investigative results, then put them back in service. You wanted to keep flying them while waiting for the results. That's crazy to me and as you can hopefully see in retrospect was the wrong approach.