he Federal Aviation Administration is seeking a $12 million fine against Southwest Airlines for what it deems improper repairs on 44 jetliners. It is reportedly the second-largest fine in FAA history.The federal agency announced its intentions on July 28. Southwest Airlines has 30 days to officially respond to the accusations.In 2006, Dallas-based Southwest contracted Aviation Technical Services Inc. to work on 44 jetliners in need of repairs. According to the FAA, the contractor did not follow established federal protocol for replacing the fuselage skins to eliminate potential cracking.

via FAA proposes $12 million fine against Southwest for rogue repairs – CultureMap Dallas.


NEW YORK: Virgin America Inc, the low-cost airline partly owned by Richard Branson, filed for an initial public offering of shares as it looks to expand in the recovering United States US airline market.The company, known for mood lighting and wi-fi and comfortable leather seats even in economy class, offers flights to 22 cities in the US and Mexico, using a fleet of 53 Airbus A320 aircraft.Branson, whose investment in the airline is restricted by US foreign investment rules, owns a 22 per cent stake in Virgin America through the Virgin Group and a hedge fund.The British billionaire also owns a 51 per cent stake in Virgin Atlantic, which last posted an annual profit in 2011.Virgin America has been ranked first among US airlines for the last two years in the annual national Airline Quality Rating performance study published by researchers at Wichita State University and Embry-Riddle Aeronautical University.The airline earned US$10.5 million RM33.39 million on revenue of US$1.42 billion in 2013, its first profitable year since it took to the skies in 2007.

via Virgin America files for IPO as US airlines recover – Yahoo News Malaysia.

DALLAS, July 30, 2014 /PRNewswire/ — Southwest Airlines’ LUV +0.42% Board of Directors declared a quarterly dividend of $.06 per share to Shareholders of record at the close of business on August 21, 2014 on all shares then issued and outstanding. The 152nd consecutive dividend will be paid on September 12, 2014.

via Southwest Airlines Declares 152nd Consecutive Quarterly Dividend – MarketWatch.

KTVU and WiresSAN FRANCISCO —A contract for San Francisco Municipal Railway vehicle operators was unanimously approved by the city’s Municipal Transportation Agency Wednesday afternoon, agency officials said.The contract agreement was reached late last month after lengthy and contested negotiations that included a “sickout” staged by Muni workers during which about half of Muni drivers did not show up for work for three days.A deal was finally brokered with the assistance of former Mayor Willie Brown, who stepped in at the request of Mayor Ed Lee. The agreement gives workers a roughly 15 percent raise over three years but has them paying progressively more for their pensions.The Transport Workers Union Local 250-A ratified the agreement earlier this month by a vote of 634-485, making the SFMTA vote the final step to implement the three-year contract.

via MTA approves three-year contract for Muni drivers | www.ktvu.com.

MTA employs 65,150 people and has approved a $13.6 billion budget for 2014.MTA serves 15.1 million people across New York City, Long Island, southeastern New York State, and Connecticut.Subway: The MTA has the largest subway and rail car fleet in the world, around 8,778 at the end of 2012.There are 468 subway stations in the NYC transit system.There are approximately 659 miles of rail and subway track in service in the NYC Transit system.The Times Sq-42nd St Subway station was the busiest in 2013. The full top 10 list is found here.In 2012, in the five boroughs, there was an average weekday ridership of 7,579,555 daily and 2,331,836,169 annually.In the United States and Canada, it is considered the 11th largest bus fleet, with over 1,200 buses.Timeline: October 27, 1904 – The subway opens in Manhattan. The 9.1-mile long subway line consists of 28 stations from City Hall to 145th Street and Broadway.1905 – Subway service expands to the Bronx.1907 – Bus service begins in Manhattan.1908 – Subway service expands to Brooklyn.1915 – Service expands to Queens.July 25, 1953 – Tokens are first used in the subway.1973 – Long Island bus service opens.July 4, 1997 – Metrocard debuts as a form of payment.August 23, 2005 – Lockheed Martin is selected as the prime contractor for the program initiating a comprehensive upgrade of MTA’s electronic security operations infrastructure.October 6, 2005 – Mayor Michael Bloomberg announces the FBI has shared with New York officials a “specific threat” against the city’s subway system.October 7, 2005 – An apparent hoax involving a soda bottle filled with a “Drano-like substance” prompts the temporary closure of parts of Penn Station at the height of morning rush hour.October 11, 2005 – Government sources tell CNN that the information from an informant in Iraq that sparked heightened security in and around New York City’s transit system on October 6 was a hoax.December 16, 2005 – New York’s subway and bus workers, a union of over 33,000 personnel, call for a partial strike against private bus lines. The drivers will complete their morning rush-hour routes and return the buses to the depots before going on strike.December 20, 2005 – A full strike of the union transit workers goes into effect at midnight.December 22, 2005 – The Transit Workers’ Union, Local 100, votes to send transit employees back to work while talks with the MTA continue.June 24, 2009 – London-based bank Barclays purchases the Atlantic Avenue/Pacific Street transit hub in Brooklyn for $4 million.

via MTA New York City Transit Fast Facts | Nation/World – Home.

The Amalgamated Transit Union has acquired the former National Labor College in Silver Spring and plans to continue to use it to train union workers, nearly a year after previous plans to convert the property into a church with additional residential development fell through.The union, which represents transit workers including those who work for the Washington Metropolitan Area Transit Authority, closed Tuesday on its $31.4 million acquisition of the property from the labor college, union President Larry Hanley told me Wednesday afternoon. The union has had the property under contract since the spring, he said.The union, with more than 190,000 employees in the U.S. and Canada, is planning to relocate its international headquarters from Friendship Heights and use the 46-acre campus for training and education for its members. Hanley said the union is planning to renovate the main building on the campus, the Meany Center, but has no immediate plans to redevelop other parts of the property.”The principal development we’re interested in is in developing the minds and skills of people to restore democracy from being stripped away from the U.S. and Canada,” Hanley said.

via Amalgamated Transit Union buys National Labor College site – Washington Business Journal.

American Airlines Group Inc. NASDAQ:AAL said it posted the highest quarterly profit in the company’s history, as its second-quarter revenue surged.The company also unveiled a capital-deployment plan that will cut its debt, provide additional pension contributions and return capital to shareholders.American Airlines Group Inc. NASDAQ:AAL’s stock on 30 July traded at beginning with a price of $39.90and when day-trade ended the stock finally moved up 0.05% to end at $39.55. American Airlines Group Inc. NASDAQ:AAL’s showed weekly performance of -8.72%.

via Best Stocks : American Airlines Group NASDAQ:AAL, WellCare Health NYSE:WCG, HMS Holdings Corp. NASDAQ:HMSY, Citizens First NASDAQ:CZFC, China XD Plastics NASDAQ:CXDC | Tech News.