S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Autozone stock price is still in the rally zone
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Autozone stock price is still in the rally zone
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Autozone stock price is still in the rally zone
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Autozone stock price is still in the rally zone
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results

The US is poised to require foreign aircraft-repair shops to test workers for drugs and alcohol


A Federal Aviation Administration sign hangs in the tower at John F. Kennedy International Airport, March 16, 2017, in New York. The federal government will propose to require drug and alcohol testing for employees of foreign aircraft-repair shops outside the United States. That would bring foreign repair shops under the same rules that apply to workers in the U.S. The Federal Aviation Administration said Wednesday, Dec. 6, 2023 that it will publish its proposal this week and allow 60 days for public comment. (AP Photo/Seth Wenig, File)

The Federal Aviation Administration has proposed mandatory drug and alcohol testing for employees of aircraft-repair shops in other countries, a move that labor unions and Congress have urged for many years.

The FAA said Wednesday that its proposal would affect nearly 1,000 repair shops in 65 countries. However, shops in countries where mandatory testing is against the law can apply for an exemption, according to a notice to be published in the Federal Register on Thursday.

Unions representing U.S. aircraft mechanics have long pushed for more scrutiny of foreign shops, calling it an issue of safety and protecting U.S. jobs. In 2012, Congress directed the FAA to write testing regulations covering foreign shops.

But the FAA moved slowly, saying that other countries, and the operators of their repair stations, would object to the U.S. imposing conditions on their workers.

The FAA has previously said that it lacks enough data to know whether testing foreign workers would have any additional safety benefit. On Wednesday, however, the agency said testing would be “an important step in our overall safety mission” because so few countries require it.

Unions representing aircraft mechanics in the U.S. praised the FAA's turnabout.

“This is a great first step toward addressing the scourge of offshoring the vital maintenance of U.S.-flagged passenger jets,” John Samuelsen, president of the Transport Workers Union. “We've been fighting this for years.”

Robert Martinez Jr., president of the International Association of Machinists and Aerospace Workers, said the rule "will bring jobs back to the U.S. and improve passenger safety.”

The Transport Workers Union said that since 2017, foreign shops have added 35,000 jobs while U.S. shops have cut 5,000 jobs.

Samuelsen, the TWU president, said the FAA should go further by requiring that foreign workers meet the same licensing and criminal-records checks that apply to U.S. workers who maintain planes for airlines. He said the FAA should demand the right to make unannounced inspections of foreign shops.

The current requirement to give foreign shops 72-hours notice “is a gaping hole in security,” he said in an interview. In 72 hours, an airline or foreign operator "can clean up a mess that endangers U.S. flyers.”

The trade group representing major U.S. carriers, Airlines for America, declined to comment.

The FAA will publish its proposed rule in the Federal Register on Thursday and allow 60 days for anyone to submit comments.

Drug and alcohol testing in U.S. aircraft-maintenance facilities has been required for about 30 years. If the FAA proposal becomes final, foreign shops that work on U.S. planes would have one year to set up testing programs and electronically transmit results to the U.S. Department of Transportation.

→ This is the #1 Stock to Buy for the AI Tidal Wave (From Chaikin Analytics) (Ad)

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

Featured Articles and Offers

Search Headlines: