John's Feed
Dec 7, 2011

US FAA chief resigns over drunk drive charge

WASHINGTON (Reuters) – The top U.S. aviation safety official resigned on Tuesday over a drunken driving charge, leaving the Obama administration without a seasoned leader to oversee key legislative and policy initiatives.

Transportation Secretary Ray LaHood said in a statement that he had accepted Federal Aviation Administration FAA.L chief Randy Babbitt’s resignation one day after the case became public.

Dec 7, 2011

US FAA chief resigns over drunk drive charge

WASHINGTON (Reuters) – The top U.S. aviation safety official resigned on Tuesday over a drunken driving charge, leaving the Obama administration without a seasoned leader to oversee key legislative and policy initiatives.

Transportation Secretary Ray LaHood said in a statement that he had accepted Federal Aviation Administration FAA.L chief Randy Babbitt’s resignation one day after the case became public.

Dec 6, 2011

US aviation boss on leave over drunk driving arrest

WASHINGTON (Reuters) – The top U.S. aviation safety official, Randy Babbitt, took an immediate leave of absence on Monday after he was arrested on a drunk driving charge over the weekend, officials said.

The Federal Aviation Administration said transportation officials and lawyers were discussing the status of Babbitt’s employment.

Dec 5, 2011

Chevy Volt keeps top safety rating, despite fires

WASHINGTON, Dec 5 (Reuters) – An influential insurance
group has no plans to strip the Chevrolet Volt of its top crash
safety rating or retest the vehicle, bolstering General Motors’ position that its electric car is safe despite a probe
of battery fires by federal regulators.

While the Volt represents less than 1 percent of GM’s U.S.
sales, the plug-in hybrid has been the centerpiece of the top
U.S. automaker’s attempt to rebrand itself as a leader in
green-car technology and fuel efficiency.

Dec 5, 2011

FAA chief on leave over drunk driving arrest

WASHINGTON (Reuters) – The top U.S. aviation safety official, Randy Babbitt, took an immediate leave of absence on Monday after he was arrested on a drunk driving charge over the weekend, officials said.

The Federal Aviation Administration said transportation officials and lawyers were discussing the status of Babbitt’s employment.

Dec 2, 2011

Agreements lift threat of immediate rail strike

WASHINGTON (Reuters) – Major U.S. freight railroads said on Thursday they had dodged the imminent threat of a national rail strike by reaching tentative contract agreements with two big unions.

A third union — the last of 13 unions without a deal — said it would extend the deadline for an agreement by two months.

Nov 30, 2011

Costs key for AMR; fleet, routes need work-experts

Nov 30 (Reuters) – Bankruptcy will help American Airlines
slash costs, but Chapter 11 is not a silver bullet for
operational problems that dropped American from its top
position among U.S. carriers to No. 3 in the last few years,
experts say.

The AMR Corp unit declared bankruptcy on Tuesday,
citing a cost structure that put it at a disadvantage against
rivals. The company has not set a target for cost savings, but
says “everything is on the table” and that it will be more
efficient post-bankruptcy.

Nov 29, 2011

AMR pension default would set record, if sought

WASHINGTON (Reuters) – A full pension plan default by bankrupt American Airlines would be the largest in U.S. history if it occurred today with those accounts running $10 billion short of what the carrier owes its workers over many years, government pension insurers estimated on Tuesday.

The Pension Benefit Guaranty Corp said that American’s four traditional pension plans covering 130,000 workers and retirees collectively report $8.3 billion in assets to cover roughly $18.5 billion in benefit obligations.

Nov 29, 2011

Labor board looks to advance quick election rule

WASHINGTON (Reuters) – An embattled U.S. labor board was set to move forward with a proposed regulation that could make it easier for unions to organize, despite renewed political pressure from Congress to back down.

The National Labor Relations Board is set to vote Wednesday on advancing a proposal that would reduce the number of reasons for a company to delay employee voting on whether to form a union.

Nov 23, 2011

Boeing talks to pilots in flight to save fuel

Nov 23 (Reuters) – Boeing Co is getting more
involved than ever in airline operations by communicating
directly with pilots in flight to help them better manage fuel
use, a global priority in an industry looking to slash costs.

The plane maker is promoting a new program that funnels
real-time updates on wind and routes to cockpits, where crews
can tweak their flight plans to shave minutes and cut costs.