FAA chief says he has not completed sale of his shares in Republic Airways
16/12/2025 23:46
WASHINGTON, Dec 16 (Reuters) - The head of the Federal Aviation Administration said he had not divested his shares in Republic Airways RJET.O but he would continue to recuse himself from issues that could impact the airline's finances, according to a letter made public on Tuesday. Last week, U.S. Senator Maria Cantwell said FAA Administrator Bryan Bedford, who previously served as CEO of Republic, was in violation of his ethics agreement after he had not completed the sale of the shares despite agreeing to divest his holdings within 90 days of his confirmation in July. Bedford told Cantwell he had recused himself from matters that had a direct effect on Republic's financial interests and was working to sell the shares "as soon as reasonably practicable." At the time of his confirmation, Bedford reported holding stock in Republic worth between $6 million and $30 million. On November 25, Republic completed a merger with Mesa Air Group. Cantwell's office said its review of related documents suggested Bedford did not appear to have taken any steps to divest from Republic until early December. (Reporting by David Shepardson in Washington; Editing by Jamie Freed) ((Email David.Shepardson@thomsonreuters.com 202-579-6093))