Stock Markets February 5, 2026

Senators Seek Answers From DOT Over FAA Chief’s Republic Airways Holdings

Top Democrats ask whether FAA Administrator has sold Republic Airways stakes and whether penalties will follow any missed divestiture deadline

By Jordan Park
Senators Seek Answers From DOT Over FAA Chief’s Republic Airways Holdings

Three Democratic senators have formally asked the U.S. Department of Transportation to clarify whether Federal Aviation Administration Administrator Bryan Bedford has sold his Republic Airways shares and whether he will forfeit any gains for failing to divest by an agreed deadline. The request follows Bedford’s December acknowledgment that he had not yet completed the sale and his commitment to recuse himself from matters affecting the airline while attempting to sell his holdings.

Key Points

  • Three Democratic senators - Maria Cantwell, Tammy Duckworth, and Ed Markey - asked the Department of Transportation whether FAA Administrator Bryan Bedford has sold his Republic Airways shares.
  • Bedford acknowledged in December that he had not yet divested his Republic Airways holdings and said he would continue to recuse himself from matters that could affect the airline while working to sell the shares.
  • The senators requested that the Transportation Department "initiate appropriate disciplinary or corrective actions to address Mr. Bedford’s noncompliance," warning that a lack of accountability could signal that senior officials may ignore ethical commitments.

Three Democratic senators have asked the Department of Transportation for information about whether Federal Aviation Administration Administrator Bryan Bedford has sold his holdings in Republic Airways and whether he will be required to forfeit gains tied to those shares.

In a letter to the Transportation Department, Senators Maria Cantwell, Tammy Duckworth, and Ed Markey sought confirmation of Bedford’s compliance with ethics commitments, specifically asking whether he has completed the sale of his Republic Airways stock.

The inquiry follows Bedford’s December statement in which he acknowledged he had not yet divested his Republic Airways shares. At that time he said he would continue to recuse himself from issues that could affect the airline’s finances while he worked to dispose of the holdings.

Senator Cantwell has previously asserted that Bedford, who formerly served as CEO of Republic Airways, breached his ethics agreement by missing an October 7 deadline he had agreed to for completing the divestiture. The letter from the three senators reiterates concerns about that missed deadline and asks the department to provide clarity on Bedford’s current status.

In their communication, the senators urged the Transportation Department "to initiate appropriate disciplinary or corrective actions to address Mr. Bedford’s noncompliance." They added that "a lack of accountability in this case would send the message that senior DOT officials can disregard their ethical commitments without consequence."

The senators’ request frames the situation as an unresolved question of adherence to ethics agreements by a senior regulator. The letter asks the department to clarify whether the divestiture has been completed and whether any remedial steps - including the potential forfeiture of gains - will be applied if it has not.

Beyond requesting factual confirmation about the sale, the senators explicitly called for the department to consider disciplinary or corrective measures if Mr. Bedford remains out of compliance. The correspondence underscores congressional attention to whether established ethics processes are being enforced for senior officials within transportation oversight bodies.

The available information in the senators’ letter and Bedford’s prior public acknowledgement form the basis of the inquiry; additional details about any subsequent sale, forfeiture, or departmental action were not provided in the material reviewed by the senators in their request.

Risks

  • Uncertainty over whether Bedford has completed the sale of his Republic Airways holdings - this raises questions about compliance with ethics agreements and affects oversight credibility; sectors impacted include aviation and regulatory governance.
  • It is unclear whether the Department of Transportation will impose disciplinary or corrective actions if noncompliance is confirmed - this uncertainty affects expectations about enforcement of ethics rules across government agencies, with implications for public-sector oversight.
  • A perceived failure to enforce ethics commitments could erode confidence in regulatory impartiality - particularly in the aviation sector where stakeholders expect clear separation between former industry executives and current regulatory authority.

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