US EditionSenator says FAA administrator failed to sell multimillion-dollar airline stake as promised
Sen. Cantwell demands FAA chief Bryan Bedford explain delay in divesting $6 million–$30 million in Republic Airways stock, citing conflict of interest after merger raised share value.
- The head of the Federal Aviation Administration, Bryan Bedford, estimated that his stake in Republic Airways was worth between $6 million and $30 million.
- Sen. Maria Cantwell said Bedford had vowed to sell all his shares in Republic Airways within 90 days of his confirmation as FAA administrator, but 150 days had passed without him doing so.
- Cantwell said Bedford's failure to divest from Republic Airways constituted a clear violation of his ethics agreement and demanded a full accounting.
82 Articles
82 Articles
New FAA head has not sold airline stake
The head of the Federal Aviation Administration has not sold off his multimillion-dollar stake in the airline he led since 1999 despite a promise to do so as part of his ethics agreement, according to a Democratic senator.
Associated Press News
Senator says FAA administrator failed to sell multimillion-dollar airline stake as promised
A Democratic Senator says the head of the Federal Aviation Administration has not sold off his multimillion-dollar stake in the airline he led since 1999 despite a promise to do so as part of his ethics agreement.
Trump's FAA chief caught holding millions in airline stocks despite ethics pledge: report
President Donald Trump's FAA appointee has been accused of failing to fulfill his pledge to sell off shares in a regional carrier where he once served as CEO and board chair.The Office of Government Ethics notified lawmakers this week that FAA Administrator Bryan Bedford had not sold his shares in R...
Senator says FAA chief violated ethics deal by keeping airline stock
The head of the US Federal Aviation Administration has been accused of violating his ethics agreement by failing to divest a multimillion-dollar stake in an airline he once led, drawing criticism from a senior lawmaker and raising fresh questions about potential conflicts at the helm of the United States’ top aviation safety regulator. Sen. Maria Cantwell, the top Democrat on the Senate Commerce Committee, wrote to FAA Administrator Bryan Bedfo…
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