fbpx

YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

FAA Notifies Boeing For More Documentation On Its 787 Jets In Order To Resume Deliveries – $BA $DIA

By John F. Heerdink, Jr.

Reportedly, Federal Aviation Administration has asked Boeing (BA) for more documentation in order to resume deliveries of its 787 Dreamliner jet, signaling it may face a further delay before the Federal Aviation Administration signs off on its inspections and repairs to the plane.  The development comes after Boeing had expressed confidence recently that it was making progress toward resuming deliveries of the troubled aircraft. 

As per sources, the FAA’s request for more information is not a major setback to the company’s plans to resolve the issues with the 787, though it may cause some delays. The latest request by the regulator is awkward for Boeing’s leadership, which has highlighted its submission of the 787’s certification package as a key milestone in its journey to resume deliveries, claiming FAA’s major involvement in its preparation. 

During Boeing’s first quarter earnings call, Chief Executive Officer Dave Calhoun informed that the agency’s, “Fingerprints are all over it, because they’ve been sort of side-by-side with us in this process. I think we’re in reasonably good shape to go through a normal order, and I do not expect this to get elongated in any significant way.”


Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.


(Read Original Story: Boeing Faces FAA Request for More 787 Data to Resume Deliveries in Bloomberg)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us