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Biz Insight

Biz Insight

11:28 AM CDT on Wednesday, March 12, 2008

TODAY'S TOP STORY

Southwest Airlines grounds dozens of jets after safety probe

By DAVE MICHAELS / The Dallas Morning News

Exclusive: Southwest Airlines has grounded as many as 42 of its Boeing jets for possible structural damage, the Federal Aviation Administration said Wednesday.

The airline’s decision comes as it faces regulatory and congressional investigations into its decision last year to keep flying 46 jets that required safety inspections for fuselage damage.

Southwest jets
FILE/AP

The FAA has proposed a record $10.2 million fine for those violations.

Southwest informed the FAA about the decision to ground the jets earlier Wednesday morning, FAA spokeswoman Laura Brown said.

Shortly before 11 a.m., a Southwest Airlines spokeswoman declined to confirm or deny the FAA report.

Full story



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TOMORROW

Using the philosophy of peer lending promoted by the Grameen Bank founded in Bangladesh by Mohammed Yunus about 30 years ago, the Plan Fund has made nearly $700,000 in small loans to help the smallest — and riskiest — of Dallas entrepreneurs. Read more in tomorrow's Business section.


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