Boeing (NYSE:BA): Current Price $74.15
All Nippon Airways Co and Japan Airlines Company took the unprecedented step of grounding their respective Dreamliner fleets after an All Nippon 787 made an emergency landing in Japan earlier today due to a battery fault and the smell of smoke in the cockpit. The incident comes on the heels of another mishap involving a Japan Airlines Dreamliner last week when a battery in the aircraft caught fire and deals a body blow to Boeing’s (NYSE:BA) image. US aviation regulators have already ordered a review into the design and manufacturing processes of the 787. The Japanese Transport Ministry viewed the emergency landing as a serious incident. In a related development, India’s Director General of Civil Aviation said the regulator would take a decision on whether to ground its recently purchased Dreamliners after it receives a safety status report from Boeing today.
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