FAA questions lead to new halt in deliveries of Boeing plane

May 28, 2021, 3:07 PM | Updated: 8:08 pm

CHICAGO (AP) — Boeing has again halted deliveries of its 787 jetliner after federal regulators asked for more information about production flaws, including small gaps where panels of the fuselage are joined.

A Boeing spokesman said Friday that the company is working with the Federal Aviation Administration to provide more information about the company’s analysis and documentation of work on new 787s. He said the delay affects “near-term” deliveries.

The spokesman said the delay does not affect 787s, which Boeing calls the Dreamliner, that have already been delivered to airline customers.

It is not clear how long deliveries will be held up — the spokesman called it a near-term issue. Chicago-based Boeing gets a large chunk of the price for a new plane upon delivery, so a prolonged delay could affect the company’s cash flow.

CFRA Research analyst Colin Scarola called it “obviously disappointing news” for Boeing and its investors. But the issue appears related to inspection procedures, not a new design or manufacturing problem, and seems likely to be resolved quickly, he said.

Deliveries of 787s were halted for five months, until late March, by the fuselage flaw and other issues.

Boeing shares fell $3.68, or 1.5%, to close Friday at $247.02.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

SoFi Technologies, CACI International rise; Ford, Hess fall

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: SoFi Technologies Inc., up 74 cents to $6.68. The financial services company reported strong fourth-quarter financial results. Alliance Resource Partners L.P., up $1.83 to $22.54. The Tulsa, Oklahoma-based coal miner’s fourth-quarter profit and revenue beat analysts’ forecasts. Colgate-Palmolive Co., up $1.29 […]
15 hours ago
Associated Press

How major US stock indexes fared Monday 1/30/2023

Stocks closed lower on Wall Street ahead of a week full of potentially market-moving events. The S&P 500 fell 1.3% Monday as markets prepare for decisions on interest rates around the world and a slew of earnings reports. Wall Street ended last week at its highest level since early December in part on hopes that […]
15 hours ago
U.S. Treasury Secretary Janet Yellen speaks during a roundtable discussion at Dinokeng Game Reserve...
Associated Press

Treasury to increase borrowing amid debt ceiling standoff

WASHINGTON (AP) — The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.4 trillion limit on its legal borrowing authority. The U.S. plans to borrow $932 billion during the January-to-March quarter. That’s $353 billion more than […]
15 hours ago
St. Petersburg mayor Ken Welch gestures during his State of the City speech Monday, Jan. 30, 2023, ...
Associated Press

Plan outlined for new Tampa Bay Rays ballpark, redevelopment

ST. PETERSBURG, Fla. (AP) — A new ballpark for the Tampa Bay Rays will be built near the current one under plans unveiled Monday as part of a massive redevelopment project that also includes affordable housing, office space and retail in what was once a thriving Black neighborhood. Mayor Ken Welch, of St. Petersburg, Florida, […]
15 hours ago
Associated Press

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for March delivery fell $1.78 to $77.90 a barrel Monday. Brent crude for March delivery fell $1.76 to $84.90 a barrel. Wholesale gasoline for February delivery fell 9 cents to $2.50 a gallon. February heating oil fell 16 cents $3.11 a gallon. March natural gas fell 17 cents to $2.68 per […]
15 hours ago
Associated Press

Winter weather leads to scrubbed flights in Texas, beyond

DALLAS (AP) — Southwest Airlines and American Airlines canceled dozens of flights Monday in north Texas, which is expected to get cold, wet weather most of the week, including a chance of freezing rain. About 30% of all flights at Dallas Love Field Airport, home to Southwest, were canceled by early afternoon, according to tracking […]
15 hours ago

Sponsored Articles

...
Quantum Fiber

How high-speed fiber internet edges out cable for everyday use

In a world where technology drives so much of our daily lives, a lack of high-speed internet can be a major issue.
...
Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
FAA questions lead to new halt in deliveries of Boeing plane