Stock Groups

Boeing Trades Lower as FAA Readies Boeing 777 Safety Directives -Breaking

by Mike Robinson

[ad_1]

© Reuters.

By Dhirendra Tripathi

Investing.com – Boeing (NYSE:) stock traded 1.1% lower Thursday on reports the Federal Aviation Administration is readying three safety directives for Boeing to implement so that some of its 777 planes, grounded for more than a year, can return to flying.  

The directives cover Boeing 777 planes with Pratt & Whitney 4000 engines.

According to Reuters the engines can be found on a very small number of older 777s owned by Japan Airlines Ltd (OTC) or United (NASDAQ). ANA Holdings Inc ADR (OTC), Korean Air Lines Co (KS:), Asiana Airline (KS:) Jin Air Co Ltd (KS:).

According to Reuters reports, the manufacturer now needs to develop a bulletin detailing steps that airlines need in order comply with requirements. The bulletin will need the FAA’s approval before the planes can return to service.

After three cases of in-flight fan blade damage, the new directives call for increased inspections and modification.

The first directive calls for the installation of debris shields along the thrust reverser’s inner wall. It also requires inspection of fan cowl doors for moisture intrusion and repeated checks of hydraulic pump shutoff valves. A second directive requires modification of the engine inlet for fan blade failure. Another requires corrective action based upon inspection results.

After taking off from Denver, United Airlines’ 777 jet rained debris on nearby communities in a Feb 2021 accident. The plane returned safely to Denver without any injuries.

These directives take effect mid-April.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information, including buy/sell signal data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]