Word: engen
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Dates: during 2000-2009
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Some critics fear that deregulation may be hurting safety. They argue that the rapid growth of air travel has stretched equipment thin and pushed carriers into unsafe procedures. Says Donald Engen, chief of the Federal Aviation Administration: "We are beginning to wonder whether economic deregulation may have led to maintenance practices that would justify certain fears." Problems that worry him range from the falsification of records to the use of improper repair parts...
...rear navigation system. Boeing has since acknowledged that a repair of the back hull, which it performed seven years before the accident, was improperly done. In view of that, the FAA ordered immediate reinspection of all similar repairs. The agency has been cracking down on improper maintenance practices. Says Engen: "In the past two years, we have put on the ground, or severely restrained, 52 airlines." A grounded carrier may not legally fly until the problems that led to its suspension have been rectified. Last year's actions included a record $1.5 million fine for maintenance violations against American Airlines...
...based on hard-nosed cost savings. Alcan's bid for Pechiney is a case in point. The two companies attempted to combine operations in a three-way merger with a Swiss firm in 1999, only to be thwarted by the E.U.'s antitrust regulators in Brussels. Alcan ceo Travis Engen says that in order to consummate the deal, he's now willing to give up some of the aluminum-rolling operations that were the problem last time around. "The fit is really, really good," he says. Pechiney is holding out for now, and there's pressure on Alcan to raise...