Boeing Breaking News: Dreamliner Fire Probe Focuses on Beacon

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Boeing Breaking News: Dreamliner Fire Probe Focuses on Beacon

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Boeing Breaking News: Dreamliner Fire Probe Focuses on Beacon

Wochit 1:01 mins

British regulators investigating the fire on a Boeing 787 Dreamliner identified the plane's emergency locator beacon as a likely source of the blaze and said it should be switched off, spurring a rally in shares from relieved investors. Honeywell International Inc said it backed a proposal by British authorities to switch off its emergency beacons on Boeing Co's 787s after a fire on a parked plane in London, but said it was premature to jump to conclusions. Honeywell said it would offer assistance to Boeing and the airlines that operate the 787 if needed. U.K. air accident investigators are recommending that all Honeywell emergency transmitters should be temporarily disabled on Boeing 787s following a fire last week at London's Heathrow Airport.