Airlines stick with Boeing despite Dreamliner drama
A series of problems have beset the much-hyped aircraft. And federal regulators have taken notice.
The radical design of Boeing's (BA) 787 Dreamliner is light years ahead of its competitors, enabling it use less fuel than more conventional aircraft.
Airlines seem to be willing to cut the aerospace giant some slack as it works through some embarrassing technical glitches. Their patience, however, will be put to the test as the Federal Aviation Administration conducts a comprehensive review of the Dreamliner to address the problems.
Boeing has delivered 50 Dreamliners, and it seems likely that some orders are on hold pending the results of the FAA's review.
The FAA will look at the design, manufacture and assembly of the much-hyped aircraft in conjunction with the company. Perhaps Boeing should change the 787's name to "Murphy's Law" because everything that could go wrong with the state-of-the-art aircraft has gone wrong. The National Transportation Safety Board is conducting a separate probe of a Jan. 7 fire in Boston in a battery pack that occurred after passengers disembarked.
Boeing, which delayed releasing the Dreamliner for nearly four years because of numerous technical glitches, is standing behind its product which promises to fly people farther, faster and at a lower cost than more conventional aircraft. Indeed, it is telling that the FAA didn't order the grounding of all Dreamliners, which had its first flight in 2011. Such an action, though, could still happen if serious problems are uncovered by the FAA. Transportation Secretary Ray Lahood said the officials want to make sure that the problem with Dreamliner don't happen again.
There is plenty to talk about in the wake of reports of fuel leaks and electrical problems. Earlier Friday, a 787 Dreamliner operated by All-Nippon Airways landed safely in Tokyo after a crack was found in the cockpit window. Another All-Nippon crew reported an oil leak in another Dreamliner.
--Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter @jdberr.
More on Money Now
- Is college tuition finally shrinking?
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The headlines generally favored Tuesday being another good day for the stock market. Instead, it was just a mixed day with modest point changes on either side of the unchanged mark for the major indices.
For the most part, the stock market was a sideshow. The main trading events were seen in the commodity and Treasury markets, both of which saw some decent-sized losses within their respective complex.
Dollar strength was at the heart of the weakness in ... More
More Market News
The S&P 500 manages to keep a deathgrip on 2,000, but key areas of the market are already buckling under pressure.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'