787 Dreamliner Still Grounded as Regulators Search for Clues

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By Douglas A. McIntyre Updated Published
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There is no hope in sight for Boeing Co. (NYSE: BA) as it tries to get its 787 Dreamliner flagship back in the air. Japanese investigators say that an overcharging of the plane’s lithium-ion battery is not at fault. The U.S. Department of Transportation says it has not found the source of the problem, but will continue to work “round the clock” to locate it.

All the while, deliveries of the Dreamliner are on hold, and Boeing’s shares continue to trade down.

According to Bloomberg:

U.S. Transportation Secretary Ray LaHood and FAA Administrator Michael Huerta gave no indication yesterday that the Dreamliner will return to service soon, as regulators around the world try to figure out what triggered smoke and fire earlier this month on two Japanese airliners, one of which made an emergency landing.

“Our goal is to get this done as quickly as possible, but we must be confident that the problems are corrected before we can move forward,” LaHood said at a meeting of the Aero Club of Washington. The Transportation Department and the Federal Aviation Administration “are working diligently with Boeing” to find a solution, LaHood said.

“We don’t know what caused these incidents yet,” Huerta told reporters at a briefing after LaHood’s remarks.

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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