Boeing gets boost as Qatar, Asian carriers defend 787

After a couple of rough days with its 787 jet, Boeing Co. shares rebounded early Wednesday.

Boeing shares were up more than 3 percent in early trading Wednesday.

The company’s stock took a beating Monday after one of its 787 jets operated by Japan Airlines caught fire while parked at Boston’s Logan International Airport. An initial inspection by Boeing and the National Transportation Safety Board traced the problem back to a battery in the auxiliary power unit.

Boeing’s Mike Sinnett explained why Monday’s incident isn’t the same as previous 787 electrical problems in this story in the Seattle Times.

On Tuesday, another Japan Airlines 787 leaked about 40 gallons of fuel, delaying the flight for several hours as maintenance crews inspected the plane.

A third 787 problem was reported Wednesday in Japan as All Nippon Airways scratched a 787 flight after a braking issue.

Boeing and its Dreamliner got support Wednesday from a seemingly unlikely source: Qatar Airways’ Akbar Al Baker, who previously had harsh words for Boeing over 787 glitches.

Al Baker described the 787’s woes as “teething problems” in an interview with Bloomberg News. Qatar has no plans to cancel its 787s on order.

Asian carriers also rallied around the 787 with representatives of both ANA and JAL telling Reuters they have no plans to cancel their 787 orders.

Also of note Wednesday, representatives for Boeing and the Society of Professional Engineering Employees in Aerospace head back to negotiations in hopes of staving off a strike by Boeing’s 22,950 engineers and technical workers.

More in Herald Business Journal

Aerospace workers adjust to changing industry

The number of Boeing workers dropped almost 10 percent since last year.

Tom Hoban
Are millennials warming up to life in suburbia?

They dominate the apartment market and their wants need to be accounted for, says columnist Tom Hoban.

Camano artist mixes flask, paintings for successful cocktail

Art flasks prove popular as bachelorette gifts, birthday presents and wedding favors.

Fluke’s T6 Electrical Testers receives Innovation Awards honor

Fluke’s T6 Electrical Testers have received top honors in the Tools and… Continue reading

Everett volunteer named ‘community champion’ by Molina Healthcare

Everett’s Jorge Galindo was one of seven people across the state to… Continue reading

Cascade Valley Health to hold Festival of Trees in Arlington

Cascade Valley Health Foundation will be holding their fifth annual Festival of… Continue reading

7-Eleven program helped add 500 trees, shrubs to Everett park

Last month, 7-Eleven helped plant more than 500 trees and shrubs at… Continue reading

Pentagon inspector general praises secret $80 billion bomber

US Government Accountability Office in 2016 rejected a protest filed by Boeing-Lockheed Martin.

Everett’s Sentry Credit celebrates a quarter century in business

Sentry Credit Inc. in Everett is celebrating its 25th year in business.… Continue reading

Most Read