KONTAN.CO.ID -Â WASHINGTON. Shares of United Airlines closed down 3.4% on Monday after the U.S. Federal Aviation Administration (FAA) said over the weekend it was increasing its oversight of the carrier following a series of recent safety incidents. On Saturday, the FAA said it would initiate a formal evaluation to ensure the Chicago-based airline was complying with safety regulations and said the FAA may delay future United certification projects "based on findings from oversight." Reuters reported Saturday the FAA could potentially not approve allowing customers on United's new planes or new routes. The FAA and United declined to comment.
United Airlines Shares Fall 3.4% After US FAA Increases Oversight
KONTAN.CO.ID -Â WASHINGTON. Shares of United Airlines closed down 3.4% on Monday after the U.S. Federal Aviation Administration (FAA) said over the weekend it was increasing its oversight of the carrier following a series of recent safety incidents. On Saturday, the FAA said it would initiate a formal evaluation to ensure the Chicago-based airline was complying with safety regulations and said the FAA may delay future United certification projects "based on findings from oversight." Reuters reported Saturday the FAA could potentially not approve allowing customers on United's new planes or new routes. The FAA and United declined to comment.