Aerospace Group:

Safety Management Paying Dividends at Air Transat

Steve Scott

Monday, December 8th, 2003

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Risks down, costs down, incidents down, quality up, trends favorable MONTREAL - Safety pays. More precisely, the time, effort and management discipline invested to improve safety translates into reduced costs. For an attention-getting statistic, implementing a safety management system at Air Transat [Toronto: TRZ] has produced directly measurable cost savings of more than $1 million per month. This cost avoidance has been achieved at an airline specializing in vacation charter flights currently operating a fleet of 13 widebody aircraft, mostly…

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