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Military

Yet Another Scare for the Boeing 787 Dreamliner in Boston

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By Jon C. Ogg Published
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787 With Mt Rainier in DistanceK65116
courtesy Boeing Co.
Boeing Co. (NYSE: BA) just cannot catch a break on its 787 Dreamliner. After a 787 owned by Japan Airlines caught on fire yesterday when a mechanic was inspecting the plane, Boeing shares took a hit. Now a 787 that was flying from Boston to Tokyo has been towed back to the hanger before takeoff due to what has been reported as an engine fuel leak.
CNBC showed video coverage of the 787 Dreamliner being towed away from the runway.

Japan Airlines was among the first of Boeing’s customers to receive the new 787 Dreamliner. This plane has been plagued with issues from electronics to delamination problems. Other issues have been around the engines and one flight from Chicago to Houston of a 787 Dreamliner owned by United Continental Holdings (NYSE: UAL) was forced to make an emergency landing in recent weeks.

Reports were out yesterday that the The U.S. National Transportation Safety Board had started an investigation into yesterday’s incident. With another incident today, you can only imagine how much investors are getting less comfortable with this plane. Imagine how those passengers are feeling.

Boeing is having yet another hard day with shares down 3.2% at $73.66 now that this new problem arose. Shares were already soft after BB&T downgraded the stock this morning. Today’s loss is on top of a 2% drop yesterday.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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