This is an interesting story:
FAA Wants $580K Penalty from Hillsboro Aviation
Read the last paragraph about the operator suspending all operations after he became aware. FDM would have alerted the operator well in advance of these threats and would have provided objective data to identify these threat to the operation. Mitigation strategies can than be developed and implemented. FDM addresses all areas of Maintenance, Operations, Safety and Training.
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FDM is a part of the complete SMS parcel. Continual Monitoring within a SMS along with objective FDM allows not just Reactive but Pro-Active and Predictive mitigations of the very dynamic world of an aviation provider with the resultant improvement of Risk Management. That is the essence of a SMS: