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Military

Boeing 787 Makes Emergency Landing, Compounding Trust Trouble

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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787 With Mt Rainier in DistanceK65116
courtesy Boeing Co.
If Boeing Co. (NYSE: BA) has one more problem with its 787 Dreamliner, it might as well take it out of production. This week is the Paris Air Show, and consequently a time when Boeing and Airbus announce a huge portion of their annual orders from carriers and lease firms. In other words, it is not a time for bad publicity.

A Dreamliner owned by United Continental Holdings Inc. (NYSE: UAL) and bound for Japan made an emergency landing in Seattle, ironically the place where Boeing once had its headquarters. The problem was likely caused by an oil filter in one of its engines — not exactly an incident that would engender trust in how mechanically sound the 787 is.

The Wall Street Journal reported:

There was no indication the incident was related to problems with the Dreamliner’s lithium-ion batteries that prompted global regulators in mid-January to ground the jets for three months. Boeing received approval from regulators for a package of fixes designed to ensure the battery system’s safety, which it installed on all Dreamliners in service before they resumed flights starting in late April.

In other words, the plane has two problems and not one.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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