AMR (AMR)

AMR Corp's American Airlines is facing large fines as a result of an Federal Aviation Administration (FAA) two year long investigation over alleged safety violations. Both the FAA and the Department of Transportation, separately, will release reports outling apparent failures to identify and promptly resolve aircraft maintenance problems in 2008, which includes improperly securing wiring in 290 MD-80 jets, according to Dow Jones and the Associated Press.
The fine will likely be around $10 million according to unnamed officials. The amount is the same as was proposed against Southwest Airlines Co. (LUV) in March 2008 for missed examinations of structural cracks.

Feb 11 · 2:23:00 PM
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by Steve Wieczorek