Passenger and crew safety is our top priority, Boeing vows

Jan 17, 2013

Shares fall in after-hours trading after FAA grounds United's Dreamliners for battery investigation

UNITED AIRLINES' six Boeing 787 Dreamliners have been grounded after the US Federal Aviation Administration followed the lead set in Japan following yesterday's emergency landing. Regulators in India have also grounded all Dreamliners and aviation regulators in Europe are expected to follow suit soon, according to The Guardian.

US stock markets had closed by the time the FAA made its move but Boeing shares trading in the so-called 'grey' after-hours market fell by 2 per cent to $72.80.

The ban on flights follow a series of incidents culminating in Wednesday'sm incident in Japan when the cockpit smoke alarm went off, apparently triggered by a problem with the plane's high-tech battery.

The FAA has demanded further testing of the batteries and has informed other aviation regulators around the world that it is doing so.

Boeing has yet to respond in detail over the problems but issued a short statement yesterday saying: "The safety of passengers and crew members who fly aboard Boeing airplanes is our highest priority. Boeing is committed to supporting the FAA and finding answers as quickly as possible.

"The company is working around the clock with its customers and the various regulatory and investigative authorities. We will make available the entire resources of The Boeing Company to assist," a company spokesman said.

The cost of putting the faults right could rival the £200 million it cost Europe's Airbus to repair cracks in the wings of A380s in 2011.

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"Passenger and crew safety is our top priority"

No. Boeing's reputation is their top priority. True, if people die then their reputation is damaged. But if the death of one person would somehow save their brand then they'd be dialing 555-HITMAN before lunch. They seem to have no qualms about pumping money into killer drones.