LONDON, July 18 (Reuters) - Aviation regulators should conduct a safety review of lithium-powered emergency locator beacons in all aircraft types, said a British report into a fire on a Boeing Dreamliner jet in London.
Britain's Air Accidents Investigation Branch (AAIB) is leading the investigation into a blaze that broke out on a parked Ethiopian Airlines jet at London's Heathrow airport last Friday.
Honeywell Shareholders Shrug As ELT Blamed For 787 Fire
Submitted by Tyler Durden on 07/18/2013 - 11:22
The UK's Aviation regulator has found that Honeywell's emergency locator beacon was responsible for the fire in the Ethiopian Airlines 787 at Heathrow last week. The AAIB is calling for the disabling of the ELT from all 787s and a review of the use of lithium ELTs on all other plane models. While this might, at first, seem like a negative for the stock price of Honeywell (and indeed was), given the surreality in which we live, it did not take long for the price of HON shares to not only rebound but to rally above where they were when the news hit. What could possibly go wrong?
The AAIB said it MAY be responsible..
SAN FRANCISCO (MarketWatch) -- The U.K.'s Air Accidents Investigation Branch recommended Thursday that a beacon made by Honeywell International Inc. be deactivated on Boeing Co. 787 Dreamliners for now. The AAIB said the lithium battery in Honeywell's fixed Emergency Locator Transmitter, or ELT, MAY have played a role in an Ethiopian Airlines 787 fire at London's Heathrow Airport last Friday. The AAIB also recommended that the U.S. Federal Aviation Administration conduct a safety review of installations of the beacon in other types of aircraft.