Case Study Of Jestgo Corporation Bankruptcy Case

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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
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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

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