Japanese airlines All Nippon Airways (ANA) grounded 5 of its 11 787 Dreamliners from Boeing Co. (NYSE: BA) following tests that indicate a risk of corrosion in the plane’s Rolls-Royce engines. Three planes have been repaired and are flying again while the other two await parts.
The Dreamliner, which carries a list price of $193.5 million, has suffered several problems since the first planes were shipped to ANA last year. A problem with the plane’s landing gear came to light shortly after ANA received the first planes last October and a delamination of the Dreamliners carbon-fiber fuselage was discovered early this year.
The engine problem in ANA’s plane was due to a faulty gearbox supplied by a division of United Technologies Inc. (NYSE: UTX). Engine-maker Rolls-Royce has also faced some problems with the engines it supplies to Airbus for its A380 aircraft.
Shares of Boeing are down about -1.4% at $72.84 in mid-afternoon today, in a 52-week range of $56.01-$77.83. UTX shares are also down about -1.5% at $73.06 in a 52-week range of $66.87-$87.87.
Paul Ausick
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.