Airline’s decline brings unethical decisions into play
http://www.economist.com/blogs/americasview/2010/08/mexicanas_bankruptcy Mexicana de Aviacion – the oldest company to exist within the national aviation industry crashed in an enormous amount of debt in 2010, problem that had been kept back by corporate officials from long before. In the verge of declaring bankruptcy, they signaled the main culprit for the decline of the company to be high wage bills, estimated to be “49% more than pilots working for the big American carriers”. In the process of trying to keep the company alive, corporate officials proposed a new contract to enable the…read more