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FAA Moves To Fine Southwest Airlines

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Federal regulators will seek a penalty of at least $3 million against Southwest Airlines Co. for failing to inspect older planes for cracks.

The airline said Thursday it had complied with regulators' requests and would contest any fine.

The Federal Aviation Administration could officially notify Southwest of actions against it as early as Thursday, said a person familiar with the situation who spoke on condition of anonymity because the FAA has not announced any action.

The FAA is looking into Southwest's failure to do required inspections on some of its older Boeing 737s.