Destruction of a business through unforced errors
Pros
Great brand name. Benefits are good. Still the leader in IFE but is losing its edge. Knows how to put and maintain boxes on aircraft. Global MRO business is run well. Wants to do what is best for its customers.
Cons
CEO is a caretaker put there by Japan. COO is in way over his head (his previous boss left to head up Zodiac IFE, which is doing increasingly well with him leading it. It's obvious which of them was the executive responsible for PAC's prior operational success). Management brought in from GE are worse than clueless (explians a lot about why GE failed). Culture varies but toxic in some areas. The best people are leaving in droves, resulting in a serious loss of institutional knowledge. IFE business is in decline due to both cyclical and competitive reasons. Program management is overburdened and poorly led. IFC business appears to be in what is probably an unrecoverable spin.
