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  • dextermossadharavkook dextermossadharavkook Jan 28, 2013 8:31 AM Flag

    Analysis: Lengthy 787 probe, fixing problem, may cost Boeing dear

    Analysis: Lengthy 787 probe, fixing problem, may cost Boeing dear

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    By Bill Rigby

    SEATTLE | Sat Jan 26, 2013 3:56am EST

    (Reuters) - The slow progress of investigations into battery problems on Boeing Co's 787 Dreamliner jets suggest the new plane could be grounded for months, raising fears that the financial hit to Boeing will be greater than had been initially predicted.

    Wall Street had been working on the assumption that safety inspectors would find the root cause of two battery incidents in the United States and Japan within weeks and Boeing would implement a speedy fix costing no more than a few hundred million dollars.

    But on Thursday, the head of the U.S. National Transportation Safety Board said it was only "early" in its investigation of a fire on a Japan Airlines Co Ltd jet in Boston on January 7, while Japanese aviation authorities appear no closer to resolving a battery problem that caused an emergency landing of a domestic All Nippon Airways Co Ltd flight last week.

    "Saying we are in the early stages of the investigation sent a resounding message to those who thought this was a quick fix," said Carter Leake, aerospace analyst at BB&T Capital Markets

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