Boeing Battery Fire: Report Due in March
A battery fire occurred on a Boeing (NYSE:BA) 787 Dreamliner jet, part of Japan Airlines (JAIRF.PK) fleet. Since then, the U.S. National Transportation Safety Board has been looking into the matter, and it announced on Wednesday that a conclusion would be reached by the time March comes to a close this coming year.
The National Transportation Safety Board put out a press release on the investigation, reporting on the details of the investigation — though not its findings. “The analytical and report writing phase of the investigation will follow the completion of the investigative activities,” read the report. “The final report is expected to be presented to the Board at a public meeting in Washington in the fall,” it read.
According to Reuters, regulators have forced the rest of the Boeing Co. Dreamliners worldwide for the next three and a half months. The Japan Airlines’s battery occurrence was not the only issue with batteries that the Dreamliners have seen, a few more following the first, and creating concern for other Dreamliner jets. The battery fire that took place in Boston was found by a mechanic who saw the fire, and the incident on an ANA flight only amounted to smoke, rather than fire — according to Reuters.
Despite the recent concerns about the Dreamliner’s battery, as well as the back and forth over the location of Boeing’s new assembly line for the 777X, Boeing still managed to come out on top as the world’s largest planemaker for 2013.
On top of that, investors have been largely rather confidence with Boeing, and shares of Boeing were bid up as much as 0.98 percent to $138.97 on Monday. This jump is perhaps due to expectations that flight popularity will rise in coming decades. “The remarkable resilience of air travel is amply documented in more than 45 years of published editions of Boeing Current Market Outlook,” said Boeing.