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December 14, 2003

ACA Takes It To The Streets

It's the latest shot fired in a takeover battle that's becoming more and more shrill. Atlantic Coast Airlines has sent a letter to stockholders regarding connection with Mesa Air Group consent solicitation. Mesa announced back in October it wants to take over ACA and boot the entire board of directors. Now, ACA is writing stockholders, asking for their support in fighting off the hostile takeover bid.

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Government Faults FAA On Commercial Safety Inspections

In the wake of the Midwest Air crash in Charlotte (NC) earlier this year, the Charlotte Observer has been looking into watchdog complaints about commercial airline maintenance. Now, the paper has dug up a series of Government Accounting Office (GAO) and other federal government reports citing a number of incidents over the past 18 years. Beginning in 1985, the GAO, the watchdog of Congress, reported on regional differences among FAA safety inspections. Two years later, the GAO pondered maintenance in a deregulated airline economy, suggesting the "fiercely competitive, deregulated environment" could

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