Have you heard of the Pareto Principle? In a nutshell, The Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes (the “vital few”). Other names for this principle are the 80/20 rule, the law of the vital few or the principle of factor sparsity.
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The Timken Company (NYSE: TKR; www.timken.com) announces it has received FAA-approval to integrate its compressor case overhaul operation in to its state-of-the-art Los Alamitos, CA aerospace repair facility.
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Are a couple of recent incidents that occurred at major airlines pointing to a disturbing trend?