Virgin Galactic (SPCE) Stock Jump as FAA Closes Probe into July 11 Launch
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Virgin Galactic Cleared to Fly Following Conclusion of FAA Inquiry
September 29, 2021 5:15 PM EDTLAS CRUCES, N.M.--(BUSINESS WIRE)-- Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the Company or Virgin Galactic), a vertically integrated aerospace and space travel company, today announced that it is cleared to fly FAA-licensed spaceflights following the conclusion of an FAA inquiry that focused on air traffic control clearance and real-time mission notification related to the Unity 22 flight in July.
The FAA today advised Virgin Galactic that the corrective actions proposed by the Company have been accepted and conclude the FAA inquiry, which began August 11, 2021. They include:
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