The U.S. Federal Aviation Administration is increasing oversight of United to ensure the carrier’s compliance with safety regulations, the agency said on Saturday, following a series of safety incidents, Reuters’ David Shepardson reports. The FAA will initiate a formal evaluation to ensure the Chicago-based airline “is complying with safety regulations; identifying hazards and mitigating risk; and effectively managing safety,” it said in a statement to Reuters. “Certification activities in process may be allowed to continue, but future projects may be delayed based on findings from oversight.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAL:
- Airline bosses seek meetings with Boeing to address quality problems, WSJ says
- United Continental call volume above normal and directionally bullish
- United Airlines initiated with a Neutral at UBS
- United Airlines planes have seen 8 incidents in 2 weeks, NY Times reports
- United Airlines (NASDAQ:UAL) Tries to Reassure Passengers, Investors Flee