There exists potential probability of damages to people, asset and environment and regulation because of company’s operation. Such damages would be insignificant and happen once in every financial quarter. On the contrary, events with minor severity are likely to take place once in every six months of business operations. The impact of such event would be limited on company’s resources. A moderate adverse event takes place once in a fiscal year with low probability of 10.00%. However, such event can result in fatal injuries to passengers and meaningful damages to firm’s assets (Windsor, 2013). A major negative event can take place once in every 3 financial years with estimated probability of around 5.00% while catastrophic event with probability of around 2.00% takes place once in every 5 fiscal years. However, catastrophic event would cause extensive damages to company’s assets and impact both domestic and international business operations.