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Boeing's 787 Crisis: No End in Sight
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The news overnight seems to have become increasingly troubling for Boeing, as investigations into the 787′s problems fan out in all directions. Although it is still not known which, if any, of at least four Boeing suppliers may be to blame, it is clear that the Federal Aviation Administration and the National Transportation Safety Board are leaving no stone unturned.

All in all, it seems that my source Gerhard Fasol, of the Tokyo-based Eurotechnology consulting firm, was right in speculating from the outset that the grounding of the 787 would continue for weeks, if not months.All this helps explain why shares of Netherlands-based EADS, maker of Airbus planes, continue to outperform. They are up around 9 percent in five trading days versus a rise of less than 2 percent for the S & P. Meanwhile Boeing shares are on balance little changed. (Interestingly shares of Paris-based Thales Group, maker of battery control circuits for the 787, have shown relative strength in the last several days, suggesting that stock market investors are betting the company is in the clear.)

Here are a few key new insights, gathered from a web search this morning:

* Some observers speculate that the battery problems may result from not a single cause but rather two. This would clearly bode ill for Boeing’s hopes of an early resolution of the crisis. Click here for more.

* U.S. investigators are heading to Phoenix today to talk to officials at United Technologies subsidiary UTC Aerospace Systems, which built the plane’s auxiliary power controller. Click here.

* Japan’s Transport Ministry has today conducted a second probe of GS Yuasa, maker of the lithium-ion batteries at the centrer of the affair. Click here.

* Shares of the British company Meggitt have fallen on fears that its Securaplane subsidiary may share responsibility. Click here.

(Republished from Forbes by permission of author or representative)
 
• Category: Economics • Tags: Boeing 
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