Case Study Of Jestgo Corporation Bankruptcy Case

Improved Essays
Reflection Paper #2
During this week’s discussions the focus was on Chapter 3 “Philosophical Ethics and Business”. What I found Interesting was the ethics behind Jestgo Corporation bankruptcy case. In class we spent time on the different ethical theories that can be applied to this case, however, I wanted to look at the case profoundly and relate it to the ethical theories we were taught.
At first I would like state the issues that are being addressed in this paper. Transport Canada found that there were 23 non-conformance components; Jetsgo was facing financial and cash flow difficulties, the “white lie” that LeBlanc told his pilots, and the fact that Jetsgo kept the online reservation system
…show more content…
It is a principle-based framework which means that decisions should be based on rules and principles and not the consequences. In other words, deontology ethics is part of being socially responsible and facilitate the relationship between all individuals involved. The entire Jetsgo situation and LeBlanc’s behaviour was contradicting to the moral values of staff, passengers, investors and a lot others. Since Jetsgo received money from the reservations, therefore there is a responsibility to the passengers. The system should have been shut down immediately or the flights should have continued until all passengers were served. LeBlanc should have adhered by the obligations to the …show more content…
Here LeBlanc took advantage of passengers’ money, his employees’ trust and defrauded the investors. Consequently, the staff and investors have a fundamental right to know the truth and it is immoral to deceive them.
Virtue Ethics concentrates on the description of values, beliefs, character traits, and wants. Our motivations and interests are not characteristics that we as individuals can substitute every now and then. LeBlanc’s virtue ethics reflects his malicious personality. In his opinion his actions were considered moral in comparison with his personality but from my viewpoint his attitude is beyond deceitful, since I have different values and beliefs. Therefore, his conduct was unethical.
Justice and Fairness argues about providing each individual with what they deserve. From the fairness’ point of view it was unfair to keep the reservation system open. Doing that resulted in a chaos and financial negative consequences to passengers and breached. In addition, the “white lie” violated the justice and fairness standards. Fairness was not applied to all individuals of society equally; therefore the pilots had the right to know about the company’s circumstances. Again, LeBlanc should have waited until March break was over to declare bankruptcy in order to accommodate all his

Related Documents

  • Decent Essays

    I was shocked after watching the video “Flying Cheap” because I had no idea these ethical issues existed within airlines. One major ethical issue presented in the video was the safety of the passengers. Only 4,000 inspectors from the FAA are responsible for overseeing the safety of about 25,000 commercial flights in the United States every day. Another ethical issue presented was poor pilot training.…

    • 140 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    This week’s lecture defines virtues as a stable character traits that enable human beings to cooperate and flourish in communities of people with similar traits. If Gillian forgoes the virtues of trustworthiness and honesty than she can no longer uphold her excellence of character, and as a result will have sacrificed her identity. By planning to purchase 50,000 put options in GPE stock to fund a Master’s Degree and pursuit of a better career, Gillian is also then demonstrating Solomon’s business vice of greed. This vice of greed will be explored further in the form of Gillian’s ethical…

    • 1830 Words
    • 8 Pages
    Improved Essays
  • Decent Essays

    In this essay Christopher Elliott claims that people ought to reward the companies of the travel industry who would be considered heroes with our business, otherwise the villains will win. Christopher's argument is based on the claim of value. He gives two similar instances where travelers had serious illnesses and while Southwest gave a full refund to the customer, it took veterans groups intervening in order for the company to reluctantly refund the ticket. The CEO even made a point to say that he would personally pay for the refund to show that this refund would probably not happen again. Another example are the large amount of fees that Spirit has, though they claim that these extras are optional along with having sub-par customer service.…

    • 299 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Recently, Dinesh Kumar was faced with an ethical dilemma. Dinesh, a new hire accountant at O’Brian & McKinney, was asked by Kate McKinney, the company’s co-founder, to investigate the billings of an important client, Russell Brandy. Russell Brandy has been dissatisfied with O’Brian & McKinney, claiming he has been overcharged. As a result, Tom O’Brian, the company’s co-founder, has pushed to fire John Goodfellow, the Account Executive in charge of Russell Brady’s account, and give the account to Danielle Chen. Danielle is the Account Executive in charge of the account of Collin Bennet, a very happy client.…

    • 1223 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    On someone’s deathbed, will their deeds or their character be their virtue? In The Case against Character by Kwame Appiah he tackles the dilemma “between the act of virtue and the agent of virtue in order to understand how virtuous behavior relates to a virtuous person (Jacobus 398).” What Appiah is trying to figure out is if the act or the person correlates to being virtuous and which is the greatest factor. Situationist and Globalist view it differently, but both strive to the same goal which is eudaimonia- “highest of all goods (Jacobus 403).” Situational ethics is relevant to society because it takes into consideration that people do not always act virtuous rather behave however the situation calls upon.…

    • 962 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Nevertheless, when trying to solve an ethical dilemma, virtue ethics emphasises on an ethical process while producing successful outcomes – proving a useful theory. 2. Kantian Ethics When solving an ethical dilemma, Kantian ethics can be problematic as personal intentions and relationships must be ignored (Smith, 2011). Additionally, when applying the rule of respectability, desirability is not taken into consideration (Lechner, 2011). However, being deontological based, Kantian ethics focuses on how the dilemma is solved rather than only the outcome, lessening the chances of corruption in the decision making of ethical dilemmas.…

    • 1177 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    9/11 Case Study

    • 1159 Words
    • 5 Pages

    After years of negative profit margins starting in 2001, and facing more global economic issues, Delta Airlines and many of its competitors filed for bankruptcy (Webcache.googleusercontent.com,…

    • 1159 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Founded by Aristotle, Virtue Ethics does not look at an action (what we do), in and of itself; instead, it studies whether the person acting is good and in what ways (who we are). It is only through our disposition for virtue that we can achieve eudaimonia - happiness. It is important to remember that in Virtue Ethics a person can do the right thing with the wrong motives and not be considered virtuous.…

    • 450 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    Godwin, Stephen R., and Mark R. Dayton. " Airline Deregulation." Issues In Science & Technology 8.2 (1991): 78. MAS Ultra - School Edition. Web.…

    • 1015 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    This paper will analyze two out of the Three Primary Schools of Ethics. The theories used are the deontological and consequentialist. In this circumstance the justice system resorted to the use of the deontological theory, or the rule-based thinking. This specific principle focuses on respecting the basic dignity of human beings, and simply doing the right thing in every situation.…

    • 649 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Virtue ethics starts with the question, “What makes for a good, or excellent, person?” They answer the question by arguing that being a good person is about having a good character. A character is a set of dispositions and those who have a good character are naturally disposed to do good things. It is believed that those with good characters are “virtuous” and that good character traits are virtues, while bad character traits are vices. According to the Merriam-Webster Dictionary, a virtue is a good and moral quality (2013).…

    • 1330 Words
    • 6 Pages
    • 3 Works Cited
    Superior Essays
  • Improved Essays

    Air France 447 Case Study

    • 489 Words
    • 2 Pages

    This case is about what really happened in Air France 447 and what were causes of it. After analyzing the only data available, which were cryptic set of communications, experts found out that mostly the crash happened because of human factors. The weather conditions were bad and after AF447 passed into clouds associated with a large system of thunderstorms, its speed sensors became iced over, and the autopilot disengaged. In the ensuing confusion, the pilots lost control of the airplane because they reacted incorrectly to the loss of instrumentation and then seemed unable to comprehend the nature of the problems they had caused.…

    • 489 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Tommy O Conn Case Study

    • 515 Words
    • 3 Pages

    Case # 8: 6.4 Tommy O’Connell, Audit Senior Tommy O'Connell was assigned to a difficult task of auditing for t Altamesa Manufacturing Company. At first, Tommy had confidence to deal with the difficult task of auditing and expect he will promote. However, Carl Wilmeth the staff accountant who worked with him is an irresponsible person. In this case, Tommy met some problem as following: 1.…

    • 515 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Ans: - A virtue is a positive trait to be morally good and it valued as a foundation of principle and well human being. Personal virtues are also play a crucial role to value as promoting and individual greatness. Virtue ethics identified as the one that emphasizes the virtue or moral character. It emphasizes ethical duties and rules or emphasizes the consequences of particular action. It is a moral characteristics that a person needs to live well.…

    • 788 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    A reduction in the quantity of goods, a decline in the business cycle, and a collective slowdown in economic activity are all characteristics known as a recession. In the most recent recession that took place December, 2007 and ended June, 2009 many companies struggled to stay afloat and some just merely sank in this economic downturn. For example big corporations such as Bear Stearns, Lehman Brothers, Merrill Lynch, AIG, and Citibank were victims of the recession (U.S. Bureau of Labor Statistics, 2012). General Motors a big corporation that was also affected tremendously by the recession and on June 1, 2009 filed for bankruptcy, with $82 billion in assets and $173 billion in liabilities (Bigman, 2013). This was known to be the largest industrial…

    • 534 Words
    • 3 Pages
    Improved Essays

Related Topics