Boeing stock dives after empty 787 catches fire in London

Boeing stock dives after empty 787 catches fire in London

Credit: Jeremy Desel / KHOU 11 News

The Boeing’s 787 Dreamliner resumed service on Monday, May 20 since being grounded in January. United Airlines began flights from Bush Intercontinental Airport to O’Hare International Airport in Chicago on Monday morning.

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by Associated Press

KMOV.com

Posted on July 12, 2013 at 12:08 PM

NEW YORK -- Shares of Boeing are sinking after a fire aboard an empty 787 airplane flown by Ethiopian Airlines at Heathrow Airport.

British police said the fire is being treated as unexplained.

The entire fleet of 787s was grounded in January for problems involving the plane’s lithium-ion batteries. One caught fire at Boston’s Logan airport.

The planes resumed flying in May after Boeing made redesigns to the battery system that were approved by global aviation regulators. Ethiopian was the first airline to resume using the 787.

Boeing shares fell $7.20, or 6.7 percent, to $99.68, around midday in New York.

Boeing spokesman Marc Birtel said in an email to The Associated Press that the company has personnel at looking into the event at Heathrow.

 

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