Source:
St. Petersburg Times (AP) DALLAS (AP) -- Southwest Airlines grounded 41 planes overnight - about 8 percent of its fleet - in the wake of its recent admission that it had missed required inspections of some planes for structural cracks.
Southwest shares fell 4 percent in midday trading.
The move announced Wednesday comes as Southwest faces a $10.2 million civil penalty for continuing to fly nearly 50 planes after the airline told regulators that it had missed required inspections of the planes.
The Federal Aviation Administration, which announced the penalty last week, has also come under fire for failing to immediately ground the Southwest jets when it learned they had not been inspected for cracks in the fuselage.
.....
Acting FAA Administrator Robert A. Sturgell called the events "a twofold breakdown in the aviation system" - first, Southwest's failure to properly inspect its planes; and the FAA's failure to ground the jets as "at least one FAA inspector looked the other way."
The $10.2 million penalty is the largest the FAA has ever imposed on a carrier. Southwest has said it will appeal.
Read more:
http://customwire.ap.org/dynamic/stories/F/FAA_SOUTHWEST_AIRLINES?SITE=FLPET&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-03-12-13-13-00