US FAA Administrator Fails to Divest Airline Stake as Promised
Key Points
- 1US FAA Administrator Bryan Bedford has not divested his multimillion-dollar stake in Republic Airways.
- 2Bedford promised to sell all shares within 90 days of his confirmation, but 150 days have now passed.
- 3Senator Maria Cantwell raised concerns regarding the unfulfilled divestment commitment.
The US Federal Aviation Administration (FAA) Administrator, Bryan Bedford, has reportedly failed to divest his multimillion-dollar stake in Republic Airways, despite a prior commitment. This lapse has drawn scrutiny from Capitol Hill, raising questions about adherence to promises made during his confirmation process.
Senator Maria Cantwell has highlighted that Bedford had vowed to sell all his shares in Republic Airways within 90 days of his confirmation. However, more than 150 days have now elapsed since his appointment, and the promised divestment has not occurred. The ongoing ownership of these shares by a high-ranking aviation regulator presents potential conflict of interest concerns within the industry.
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