financetom
Business
financetom
/
Business
/
US Senate committee to consider nomination of Republic Airways CEO to head FAA
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Senate committee to consider nomination of Republic Airways CEO to head FAA
Jun 4, 2025 7:41 PM

WASHINGTON, June 4 (Reuters) - The U.S. Senate Commerce

Committee said on Wednesday it would hold a June 11 hearing on

President Donald Trump's nomination of Republic Airways CEO

Bryan Bedford to head the Federal Aviation Administration.

Bedford, a pilot and industry veteran of more than 30 years,

was nominated in March and previously headed two other carriers

and oversaw a significant expansion of Republic Airways, which

operates regional flights for American Airlines ( AAL ), United

Airlines and Delta Air Lines ( DAL ).

Indiana-based Republic is one of the biggest regional

airlines in North America, operating a fleet of more than 200

Embraer ( ERJ ) aircraft with 900 daily flights in the United

States and Canada. In April, Mesa Air Group ( MESA ) agreed to

merge with Republic in an all-stock deal.

Transportation Secretary Sean Duffy has asked Congress for

tens of billions of dollars to modernize the aging U.S. air

traffic control system to address airport congestion, flight

delays and a shortage of 3,500 certified controllers.

The FAA's air traffic control network's woes have been years

in the making, but a rush of high-profile mishaps, near-misses

and a catastrophic crash in January involving an American

Airlines ( AAL ) regional jet operated by PSA Airlines and an Army

helicopter killed 67 and prompted new calls for action.

The next FAA administrator will also face challenges on how

to oversee Boeing ( BA ) and when to lift a production cap of 38

planes per month on the 737 MAX imposed after a January 2024

mid-air emergency.

The FAA last month convened an emergency task force and

said it was fast-tracking urgent steps to prevent additional

telecom outages at the facility overseeing Newark air traffic

after three incidents have shaken public confidence and

disrupted hundreds of flights.

Controllers overseeing planes at the busy airport near

Manhattan lost contact with aircraft on April 28 for 90 seconds,

an incident that raised serious alarm.

Last month, the FAA ordered a reduction in flights to a

maximum of 28 arrivals and 28 departures per hour at Newark

until runway construction was completed.

Duffy wants new funding for airport equipment to prevent

near-miss incidents and new incentives to boost air traffic

controller hiring and retention.

Airlines and others have called for at least $31 billion

in spending. The U.S. House has passed legislation that includes

$12.5 billion in initial spending on air traffic control reform,

including $2.5 billion for air traffic tower and contract-tower

replacements.

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 >
What's Going On With Carnival Stock Today?
What's Going On With Carnival Stock Today?
Jun 4, 2024
Carnival Corp ( CCL ) shares are trading higher Tuesday. The company announced late Monday that it will consolidate its P&O Cruises Australia brand’s Australia operations into Carnival. What To Know: After the market close on Monday, Carnival said it will sunset the P&O Cruises Australia brand to further optimize its brand portfolio. The realignment is expected to strengthen the company’s...
Trip.Com Stock Is Trading Lower Tuesday: What's Going On?
Trip.Com Stock Is Trading Lower Tuesday: What's Going On?
Jun 4, 2024
Trip.com Group Limited ( TCOM ) shares are trading lower after the company announced a proposed offering of $1.3 billion of convertible senior notes. The convertible senior notes will mature on June 15, 2029, unless repurchased, redeemed, or converted per their terms before such date.  The holders of the note have the right to demand that the company buy back all or...
Intel Stock Is Moving Higher Tuesday: What's Going On?
Intel Stock Is Moving Higher Tuesday: What's Going On?
Jun 4, 2024
Intel Corp ( INTC ) shares are trading higher Tuesday. The company announced new AI-focused processors and chips this week at Computex 2024. What Happened: Late Monday, Intel ( INTC ) announced the launch of its new Xeon 6 processors with efficient cores for performance gains and unveiled its Lunar Lake client processor architecture in an effort to grow the...
Charles River Laboratories, Sanofi Collaborating to Develop Non-Animal Virtual Control Groups for Preclinical Trials
Charles River Laboratories, Sanofi Collaborating to Develop Non-Animal Virtual Control Groups for Preclinical Trials
Jun 4, 2024
09:09 AM EDT, 06/04/2024 (MT Newswires) -- Charles River Laboratories ( CRL ) said Tuesday it has launched an initiative in collaboration with Sanofi ( SNY ) to reduce animal testing by using Virtual Control Groups in nonclinical research. The Virtual Control Groups are based on historical data and statistical analysis. While they have already been used in some clinical...
Copyright 2023-2026 - www.financetom.com All Rights Reserved