Special Review of Power System of Boeing 787
Northern, WI 1/12/2013 (Avauncer) –The aviation regulators of the US namely the FAA have taken the fire on board Japan Airlines Co. (9201) Boeing 787 seriously and have ordered a formal investigation that shall probe the facets of the power system installed in the Dreamliner 787. There will be joint statement issued to the press in this regard by representatives of the FAA, Boeing Co (NASDAQ:BA) and the State Transport Department soon on this issue.
The incident which took place of 7th January when the fire was detected from the battery pack of the Boeing 787 after it landed at Boston flying from Tokyo has also been probed by the U.S. National Transportation Safety Board. Luckily for all the passengers had de boarded at the time of the fire incident? The official spokesmen from Boeing Co (NASDAQ:BA) have expressed their confidence in the security and reliability of the power system installed on the Dreamliner while assuring that all necessary checks shall be carried out in order to ascertain the actual cause of the fire.
Modern Additions
The extreme fuel efficiency of the Dreamliner 787 which is about 5 times better than the conventional aircraft of similar weight category comes from the fact that much of the weight has been reduced by the extensive use of composites instead of the convention aluminium. However many of the components used in the aircraft are new and haven’t undergone the full testing procedure. Thus these components have been permitted under special clearances which the FAA is likely review after this incident.
Market Impact
Japan Airlines Co. (9201) is the largest customer of the Dreamliner having been one of the first airlines to actually operate the machine. However over the past few months there have some cases of cracks in the windows. Also the Indian government airlines, Air India which has already received 6 of the Dreamliner 787s has expressed its concern regarding the safety related issues.
Following the incident and the subsequent investigations and checks that have been ordered the share prices of the Boeing Co (NASDAQ:BA) have dipped to about $76.13 which a net 2 % fall from its prices of Jan 4th.
The Dreamliner 787 has been a huge jump in aviation technology and has been marketed as a jet that shall open up new routes between places that really far from each other. It is the only aircraft that currently has the clearance to fly up to 180 minutes away from any suitable airfield. The problems regarding the heating and fire in the battery pack are being explained by the company representatives as initial teething problems which shall be sorted out soon enough.
Shares of Boeing Co (NASDAQ:BA) were down by 2.50 % to close at $75.16
Alexander Cooke
