SEC SUES FRAUDSTERS FOR SELLING SHARES IN AMR
The Securities and Exchange Commission is suing a Florida man who offered to buy all the stock in Eastman Kodak and AMR Corp, parent of American Airlines, in March. The SEC alleges that Allen Weintrau...
The Securities and Exchange Commission is suing a Florida man who offered to buy all the stock in Eastman Kodak and AMR Corp, parent of American Airlines, in March. The SEC alleges that Allen Weintrau...
Two auditors that were fired by Boeing for leaking information about Boeing’s compliance with Sarbanes-Oxley (Sox) to the press have failed in their bid to claim whistleblowing protection as an appeal...
The US DoJ yesterday confirmed that it has approved Southwest Airlines’ acquisition of AirTran Airways, clearing the way for a closing date of 2nd May 2011. DOJ’s antitrust division said in a statemen...
The Air Transport Association, having scored concessions in other areas, said yesterday that it would not oppose new US rules meant to protect fliers from misleading advertising, lost luggage or invol...
Airline passengers in the US will now be entitled to $1,300 when they are forced to give up their seat on an overbooked flight, a 63% increase on the current rules. New Federal rules from the US Trans...
Transportation Secretary Ray LaHood has stated that the crash of two aircraft on the taxiway at New York’s JFK airport last week was due to human error, although he did not specify whether it was pilo...
Bad news for airlines but good news for passengers as the US Department of Transport looks to propose laws that require airlines to pay back baggage expenses when bags are lost or delayed. It would re...
American Airlines has filed an antitrust lawsuit in US district court in Texas against the travel website Orbitz.com and the distributor of its booking information. The airline accuses the company of ...
Europe was the United States to ease restrictions on foreign ownership of airlines, which is currently limited to 255 of voting stock. In Washington DC, European Commission Vice President Siim Kallas ...
Transportation Secretary Ray LaHood and Federal Aviation Administration (FAA) Administrator Randy Babbitt announced yesterday that effective immediately the FAA will place an additional air traffic co...
Workers for Delta Air Lines Inc. and other air carriers will have more leeway to trade work shifts when a new Minnesota law takes effect Friday. Gov. Mark Dayton signed a bill yesterday that exempts a...
FAA Administrator Randy Babbitt told Congress this week that the agency is reviewing regulations for inspecting aging aircraft following the midair fuselage skin rupture on a Southwest Airlines 737-30...
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