financetom
Business
financetom
/
Business
/
DOT Fines Lufthansa, Swiss Airlines for Flights With United Airlines Code in Restricted Airspace
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
DOT Fines Lufthansa, Swiss Airlines for Flights With United Airlines Code in Restricted Airspace
Dec 30, 2024 1:32 PM

04:15 PM EST, 12/30/2024 (MT Newswires) -- The US Department of Transportation said Monday it has fined Lufthansa $220,000 and Swiss International Air Lines $200,000 for flying in Federal Aviation Administration-restricted airspace while carrying United Airlines' (UAL) code.

An investigation found that between March 2022 and April 2024, Lufthansa violated FAA restrictions by operating multiple flights in prohibited airspace, breaching its operating authority, the statement added.

Similarly, Swiss International Air Lines was found to have operated flights in restricted airspace between Feb. 2022 and March 2024, also violating its operating authority.

Both airlines have been ordered to stop such violations and comply with the agency's regulations going forward, it said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Leading US Supreme Court attorney Tom Goldstein charged with tax crimes
Leading US Supreme Court attorney Tom Goldstein charged with tax crimes
Jan 16, 2025
Jan 16 (Reuters) - Tom Goldstein, a top U.S. Supreme Court attorney and publisher of the SCOTUSblog news website, was indicted on Thursday in Maryland federal court for allegedly failing to report millions of dollars he won in poker matches and using his former law firm's accounts to pay his gambling debts. Goldstein, who was part of the team that...
SEC settles charges against US hedge fund over investment model vulnerabilities
SEC settles charges against US hedge fund over investment model vulnerabilities
Jan 16, 2025
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Thursday settled charges against hedge fund Two Sigma over failure to address known vulnerabilities in its investment models, the regulatory agency said. Two Sigma voluntarily repaid $165 million to impacted funds and accounts during the SEC's investigation and agreed to pay $90 million in civil penalties to settle the SEC's...
National Vision Holdings Preliminary Fiscal Q4 Revenue Rises; CFO to Depart
National Vision Holdings Preliminary Fiscal Q4 Revenue Rises; CFO to Depart
Jan 16, 2025
05:23 PM EST, 01/16/2025 (MT Newswires) -- National Vision Holdings ( EYE ) said preliminary data showed fiscal Q4 net revenue from continuing operations rose 3.9% to $437 million from a year earlier. Analysts polled by FactSet expect revenue of $432.8 million. Results from Q4 and fiscal 2024 are scheduled for Feb. 26, the company said Thursday in a statement....
Western Digital Sees Fiscal Q2 Earnings at Lower End of Guidance
Western Digital Sees Fiscal Q2 Earnings at Lower End of Guidance
Jan 16, 2025
05:32 PM EST, 01/16/2025 (MT Newswires) -- Western Digital ( WDC ) said late Thursday that its fiscal Q2 non-GAAP diluted earnings will be at the lower end of $1.75 to $2.05 per share. Analysts polled by FactSet expect $1.83. Revenue for the quarter ended Dec. 27 will be at the midpoint of $4.20 billion to $4.40 billion guidance. Analysts...
Copyright 2023-2026 - www.financetom.com All Rights Reserved