A new aviation safety index - analogous to the famous Dow Jones measure of stock performance - will be used to measure the risk of death and injury in the aviation industry. Developed by the Federal Aviation Administration (FAA), the index applies to all people exposed to risk from the civil aviation system. "This new index will serve as a vital trend indicator," according to the FAA's draft Flight Plan 2004-2008. This document lays out the agency's strategic goals. The…
Single Index Proposed to Measure Safety of Aviation System
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