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  • FAA Grounds All Learjet Model 45 Business Jets

    08/12/2003 5:56:40 PM PDT · by Archangelsk · 23 replies · 382+ views
    The Washington Post ^ | 081203 | Don Phillips
    FAA Grounds All Learjet Model 45 Business Jets By Don Phillips Washington Post Staff Writer Tuesday, August 12, 2003; 4:50 PM The Federal Aviation Administration ordered the immediate grounding of all 222 Learjet Model 45 business jets after discovering that a part in the tail section can fail abruptly, possibly leading to a loss of control of the airplane. The grounding is a blow to Learjet owner Bombardier of Montreal, whose stock was already undergoing a pounding in recent months. It was also a blow to Bombardier subsidiary Flexjets, one of three major competitors to Warren Buffett's business jet fractional...