Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Boeing resumes 787 deliveries as widespread inspections loom

Published 03/26/2021, 05:57 PM
Updated 03/26/2021, 06:00 PM
© Reuters.

By Eric M. Johnson

SEATTLE (Reuters) - Boeing (NYSE:BA) Co has resumed deliveries of its 787 Dreamliner jets, handing over one plane to United Airlines on Friday, an initial step as the U.S. planemaker works through production defects that sidelined dozens of aircraft. 

Reuters reported last week that Boeing remained on course to resume deliveries of a few 787s this month, which a Boeing spokeswoman said remained the goal.

The delivery from its South Carolina factory comes as Boeing undertakes painstaking repairs and forensic inspections to fix structural integrity flaws embedded deep inside dozens of 787s, issues which halted deliveries since October, cutting off a key source of cash.

The inspections and retrofits could take up to a month per plane and are likely to cost hundreds of millions - if not billions - of dollars, depending on the number of planes across the fleet that are impacted and the defects involved, sources told Reuters.

"We have resumed 787 deliveries, following several months of engineering analysis and inspection work," Boeing spokeswoman Jessica Kowal said by e-mail.

A United Airlines representative did not immediately return a request for comment.

Separately last week, the U.S. Federal Aviation Administration decided to independently handle final pre-delivery checks on four 787 jets, in the latest signal of the agency's tougher scrutiny of Boeing after two fatal 737 MAX crashes.

The United Airlines 787 was one of those four FAA-inspected planes.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.