Great News Announced After Hours! 787 decission expected soon. Could be VERY favborable for longs
WASHINGTON (Reuters) - The top aviation regulator said on Tuesday he expects to decide "very soon" whether to approve Boeing Co's (BA.N) redesigned 787 Dreamliner battery system, potentially ending a three-month ban on flights by the high-tech jet.
Federal Aviation Administration chief Michael Huerta, testifying to a congressional committee on air safety, said the agency is reviewing tests and analysis submitted by Boeing and will approve it when "we are satisfied Boeing has shown the redesigned battery system meets FAA requirements."
Huerta told reporters after the hearing that he expects the battery decision to be made "very soon."
I re-established my full position last month and recently added more, too; remember they have a full plate for refurbishing older aircraft, too; Old air frames will be usable for a long time as fuel declines in price.