A-09-128
NTSB Safety Recommendation — Aviation
Recommendation text
TO THE FEDERAL AVIATION ADMINISTRATION: Require all 14 Code of Federal Regulations Part 91K and Part 135 operators to notify the assigned principal operations inspectors of specific adverse financial events, such as bankruptcy, court judgments related to nonpayment of recurring expenses, or termination of a credit agreement or contract by a vendor for reasons of late payment or nonpayment. Upon receipt of such information, inspectors should increase their oversight of operators who appear to be in financial distress.
In plain language (FlightFinder summary)
The Federal Aviation Administration is asked to require Part 91K and Part 135 operators to report specific financial troubles, like bankruptcy or vendor contract terminations, to their principal operations inspectors. Upon receiving such reports, inspectors should then increase oversight of operators showing signs of financial distress.
This plain-language summary is written by FlightFinder to explain the recommendation above. It is not the official wording — the verbatim NTSB text is quoted above.
Details
| Status | Closed - Unacceptable Action |
|---|---|
| Mode | Aviation |
| Closed | Nov 2, 2015 |
| NTSB number | CHI07MA160 |
| Addressees | FAA |
External links
NTSB safety recommendations are advisory; addressees are not legally required to adopt them. Source: NTSB CAROL (public domain).