There is a substantial back-story to this announcement and I don’t pretend to know fully what it is. But the agency is definitely sending a signal that all similar operators need to take seriously.
At an American Bar Association conference at which I presented a few years ago the panel of four lawyers scheduled to follow my presentation consisted of 4 past heads of the Securities & Exchange Commission’s Division of Corporate Finance – the SEC unit that oversees the disclosure of important corporate information from securities issuers to the investing public.
In an informal moment with these 4 distinguished regulators who had served presidents during the past 30 years I asked: What is a regulatory agency’s single key to being taken seriously by those it regulates?
One of the 4 said: “A public hanging”. Hearty laughter and unanimous agreement followed.
Given the prominence of the “defendant” here, it would be wise for airport operators around the country to pay attention to this “public hanging”.