Although, Sky Capital solicited investors in the United States, most of the solicitation efforts were directed towards investors in the United Kingdom. During the years prior, Sky Capital acted as the sales agent of Sky Enterprises’ placement and raised approximately $20.7 million from over 80 investors between September 2002 and August 2003. Also during 2003 Sky Capital acted as the sales agent for an offering of Sky Holdings’ Series A convertible preferred stock and raised approx. $9.2 million from more the 50 investors and from September 2003 through January 2004, using the same scheme with Series B convertible preferred stock, Sky Capital raised over $32 million from more than 240 investors. Although the company fraudulently induced investors and drew millions of dollars from them, the financial health and stability of the company between 2002 and 2006 became more and more unstable.
An essential element in the world of airline business is that most of the largest airlines are enrolled under one of the three major international strategic alliances, Star alliance, oneworld, skyteam , often called as global airline alliances GALs. These networks of airlines provide their members with a resourceful international route portfolio at a marginal cost that would be very difficult to the reach through independent growth. yet still the provision of cross-border air service is constrained by international regulation. Since the Chicago Convention back in 1944 established the rules of airspace, international air transport markets have been governed by bilateral air service agreements (ASAs) between national governments. This implies that the country of registration of an airline and the bilateral agreements of that country with other countries has determined the airline’s possible routes of service and the conditions of capacity and frequency offered.
Seaward Company Registration Seaward organizations are the present-day pattern. They are picking up prominence as business structures that suit nearly everybody in a perfect world. This is a result of numerous reasons. Similarly as a seaward organization is concerned, they are: • Easy and snappy to join • Can be shaped with a constrained spending plan • Offer flexibility from a wide range of organization Aside from these vital focal points, an entrepreneur can keep all the authoritative weight under control but can appreciate the unimaginably high picks up. Enlisting an organization is the initial move towards the fuse of another business element.
The company usually leverage on its success story with major customers such as Abu Dhabi Yas Island, Sheikh Zayed Grand Mosque, Dubai Metro and the Pearl. Also, they are into partnership business with some major firms too in the industry, mostly through forward integration by supplying chilled cold water to those companies and owning substantial share in the company’s business. Such companies include S&T cool district cooling company, Sahara cooling and air conditioning, industrial city cooling company. The company focus as also shifted to be a regional power player in GCC region and are part owner of the following companies in GCC region; Saudi Tabreed , Tabreed Oman, Bahrain District cooling company, Qatar district cooling company. The advertising strategy is usually through newspapers and focuses on private developers, but main channel of product sales is through direct sales by work force by bidding for air conditioning of major projects in the region.
In the current competitive business environment, a major challenge that can be faced by an organization which follows the principles of servant leadership is the commitment to its employees, that is hiring the best and retaining them. In the case of Southwest, the company have invested greatly in cross training employees so that employees can chose their career according to their aptitude. For instance, cabin crews have taken the post of cabin design engineers. The company believes that when its employees are treated with trust and respect, it can reflect on how the employees treat their customers. This have been a great advantage for Southwest throughout the years when other airlines were
Most of companies may force their employees to create an image that are favored to the customers but Southwest Airlines will not do it. Instead, it encourages the staffs to perform duties in their personalize way. Besides, it promotes the shift trading between the staffs as it hopes not to disturb the staffs’ private life and influence them to loss a balance between social life and work. In addition, monthly social event between employees is created and a fund is established in order to help the employees release the stress and let them know the company can be depended on. The above policies are useful to decrease the problems of emotional labor and enhance their loyalty to the
Other stakeholders would be individual investors, employees, companies that do business with Boeing, companies that do business with Douglas, stockholders in Boeing and stockholders in Douglas. During the first half of the year Boeing experienced inefficiencies
MANAGEMENT PROBLEM AND CONTEXT The proposed study aims to look at one of the segments of corporate social responsibility, which is the corporate social investment pillar. CSI is but one of the various pillars of Corporate Social Responsibility and is an outward looking pillar of the CSR portfolio and therefore in the case of the airline under scrutiny its an important and influential platform that can be used by a company to address the requirements of its shareholder’s compact and overall reputation in the industry. In this case the SAA airline Group is the subject of focus. South African Airways does not have a clearly defined Corporate Social investment strategy, as a result it has over the years not been focused but reactive and company
The five major alliances are: Star Alliance, Oneworld, Wings, Qualifier and Global Sky Team. Everything started with the appearance of hubs offering services to millions of passengers from smaller emissive markets, such as Frankfurt and Vienna. Deregulation, the measure allowing flights out of the domestic country, made it possible for air companies to fly from everywhere and in all directions which is the most evident proof of globalization (V. Peric, 2005). Preble, Reichel, and Hoffman (2000) and Pine and Philips (2005) focused on the role of strategic alliances in the hospitality industry competitions. (See also Hwang and Chang, 2003) Strategic alliances are often formed with competing firms that possess complementary skills and resources (Varadarajan and Cunningham, 1995).