Boeing gets green light to deliver 787 after US regulator approval

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Boeing Co. is poised to resume deliveries of its 787 Dreamliner jets as early as Wednesday, nearly two years after deliveries were largely halted due to manufacturing defects, according to people familiar with the matter.

He is initially slated to join American Airlines Group Inc. after US regulators gave the green light for deliveries to resume on Monday, according to people, who asked not to be identified to discuss the details. The exact timing of the replacement will depend on when inspectors complete final checks on the airline’s twin-aisle jet, a process known as ticketing, one of the people said.

The Federal Aviation Administration said in an emailed statement that Boeing “has made the necessary changes to ensure the 787 Dreamliner meets all certification standards.” Bloomberg previously reported that deliveries could resume as early as this week.

Boeing shares rose as much as 3.7 percent after the announcement in New York before trimming earnings. The stock was down 18% this year through Friday’s close.

The carbon fiber jet has been under investigation since problems were discovered, including errors in the connection of its fuselage sections. While deliveries were largely halted in late 2020 – and none have been delivered to customers for more than a year – the issues were not seen as a safety risk and airlines were allowed to continue operating their existing 787s.

“We continue to work transparently with the FAA and our customers to resume 787 deliveries,” Boeing said in a separate statement Monday.

Resuming deliveries will help Boeing recover from years of operational disruptions that have frustrated customers, suppliers and investors. According to Rob Spingarn, an analyst at Melius Research, the Arlington, Virginia-based company will begin freeing up nearly $10 billion in cash tied up in the 120 already-built Dreamliners stashed at its factories and in desert camps are.

Billy Nolen, Acting Administrator of the FAA, last week visited a Boeing plant in South Carolina where the planes are built to meet with safety inspectors and company officials.

https://www.independent.ie/business/world/boeing-gets-green-light-to-deliver-787s-after-us-regulator-approval-41899036.html Boeing gets green light to deliver 787 after US regulator approval

Fry Electronics Team

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