*from www.money.cnn.com, Mar. 4, 2013 (To view original article click here.)
Take Away #1: Boeing says it’s ready to get its 787 Dreamliner back in the air as soon as the FAA clears its proposed fix.
Key Facts and Figures:
- Boeing CEO Ray Conner has said that the company has proposed its solution to the battery fires to the Federal Aviation Administration on Feb. 22.
- Connor also presented the fix to Japanese safety regulators last week.
- Most of the planes in service are with Japanese airlines.
- He said the fix provides three levels of protection against fires in the jet’s lithium batteries.
- “We feel very good about the fix”, said Conner.
Take Away #2: Stock price largely unaffected by Connor’s remarks.
Key Facts and Figures:
- Shares of Boeing (BA), which had been down about 1% before his early afternoon comments, rebounded slightly but remained little changed for the day following his remarks.
- Connor did not give details about the fix to investors, nor did he give a specific estimate as to when the planes could be back in service or what the cost to Boeing would be.
- The 50 Dreamliners that were in service will be the first ones fixed, followed by the planes that Boeing has continued to build.
- Shares of Boeing (BA) closed down about one quarter of a percent (-.25%) at $77.09 per share on Monday.
*To view original article from www.money.cnn.com click here.