The top airline industry trade group is criticizing the federal government’s slowness to implement part an updated air traffic control system known as NextGen.
NextGen, the FAA says, will revamp air traffic control as we know it, making the nation's air system more efficient, improve on-time performance, and all while reducing emissions.
In a webcast Thursday, Airlines For America’s Dan Elwell said carriers have invested a lot of money to accommodate NextGen, but that the FAA is failing to deliver on needed policies, procedures and training.
In what Delta Air Lines is calling a “milestone,” the Atlanta-based carrier has announced a $5-billion plan to boost its stock value which includes returning a billion dollars to shareholders over the next three years.
Delta will pay a six-cents per share quarterly dividend. That accounts for half.
The carrier is also buying back $500-million in stock.