Boston, MA 02/28/2013 (wallstreetpr) – The Boeing Company (NYSE:BA) has put forth a comprehensive proposal before the FAA and need to get the 787 Dreamliner in the air as soon as possible. However, U.S top officials said that the regulators are in no hurry whatsoever and that extensive testing will be carried out before the Dreamliner is cleared. Michael Huerta, the Federal Aviation Administrator said that there is no deadline for lift of the Jan 16 worldwide ban on the Boeing Company (NYSE:BA)’s 787’s. Apart from testing, there would analysis and re-engineering involved before the planes break into the skies.
He also told reporters on Feb 22 that the Boeing proposal features multiple design alterations that are aimed at addressing every possible reason of the battery incidents that led to the grounding of the Dreamliner. A thorough evaluation of the report is being conducted by the FFA technical staff. The Boeing proposal now contains three safety layers- the attempt to ensure that there will be no over-heating of any one of the eight individual battery cells, prevention of adjacent cells being harmed by a failed cell and protecting the aircraft from damage in the event of a burn-down of all cells.
Fixing the batteries
The batteries used in the Boeing Company (NYSE:BA) 787 Dreamliner aircraft were manufactured by Kyoto, Japan-based GS Yuasa Corporation (TYO:6674) and the company has told the U.S FAA that the changes would include protective measures such as proper power levels going to the batteries. All fixes are being proposed even before safety investigators can determine the actual cause of the battery accidents in two different Boeing Company (NYSE:BA) Dreamliner aircraft incidents.
A Japan Airlines Co Ltd (TYO:9201) 787 had caught fire on the Boston runway on Jan 7 when one of its battery cells short-circuited and an ALL NIPPON AIRWAYS CO., LTD (TYO:9202) in Japan had also caught fire the same month in the air, due to a battery issue. LaHood, U.S. Transportation Secretary Ray said that the FAA is reviewing the Boeing proposal and will take a decision only after they are sure that the batteries are safe.
Shares of The Boeing Company (NYSE:BA) went up by 2.26% to close at $77.36
Shares of GS Yuasa Corporation (TYO:6674) went up by 0.53% to close at $376.00
Shares of Japan Airlines Co Ltd (TYO:9201) were steady at $4385.00
Shares of ALL NIPPON AIRWAYS CO., LTD (TYO:9202) went up by 0.53% to close at $190.00