The requirement to file beneficial ownership information introduced under the Corporate Transparency Act (CTA) has bounced around like a ping-pong ball for the past few months, with the on-again-off-again requirement being subject to both court action and executive action requiring it, suspending it, and making a mess of the efforts to determine how to comply.. … Continue reading
The PMA industry has an opportunity to affect the FAA reporting rules for manufacturers! 14 C.F.R. 21.3 requires reporting to the FAA of certain failures, malfunctions, and defects. The FAA’s Rulemaking Committee is examining this rule to recommend improvements, and your input could be invaluable to our efforts. Continue reading
Just as Comair’s mechanics have chosen to withdraw from the FAA’s ASAP, Congress has passed a law that will require FAA to make a rule requiring air-carrier participation in programs like ASAP. This may pose some implementation challenges as well as some labor-management issues. The upcoming SMS rule may provide an opportunity to improve this system. Click through for the full article. Continue reading
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