Saturday, December 3, 2016

‘Chairman’s Flight’ grows more costly for United Airlines


The "chairman's flight" will cost United Airlines another
$2.4 million.
Ted Sherman reports for NJ.com:

The airline, in an agreement with the Securities and Exchange Commission announced Friday, settled charges in connection with a money-losing direct flight between Newark Liberty International Airport and South Carolina launched to curry favor with then-Port Authority Chairman David Samson--who wanted a quicker way to get to his vacation home.
The airline has already paid more than $2.2 million in fines as part of the criminal investigation into the special flight.
Samson, a former state attorney general and confidante of Gov. Chris Christie, pleaded guilty to bribery charges in July, admitting he used his clout to coerce United to put the route back on its schedule.
The flight from Newark Liberty International Airport to Columbia, S.C., was restarted in 2012 after Samson became chairman of the Port Authority and became known as "the chairman's flight." It was canceled within days after he resigned in 2014.
"United disregarded the books and records and internal accounting controls provisions of the securities laws while casting aside its normal decision process to re-enter one of its hub's poorest performing markets," said Andrew Ceresney, director of the SEC's Division of Enforcement.
A spokeswoman for United said only the company was "pleased to resolve this matter."
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