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Shares in Boeing fell sharply after All Nippon Airways and Japan Airlines became
the first airlines to ground their 787 Dreamliners because of concerns about
the safety of the passenger jet.
Japan’s two leading airlines
made their move on Wednesday after a 787 operated by ANA had to make an
emergency landing because one of its pilots saw smoke emanating from the
aircraft.
The groundings were a
significant setback for Boeing, and its newest and most sophisticated passenger
jet, and the US manufacturer’s shares fell more than 3 per cent in Wednesday
afternoon trading in New York.
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Boeing risks losing public
confidence in the 787 after a spate of incidents raised questions about the
jet’s safety and the reliability of its innovative electrical power system.
Regulatory investigations could result in the manufacturer having to make
design changes to the aircraft, which in turn might prompt claims for
compensation from airlines.
ANA grounded all 17 of its
Dreamliners in order to carry out inspections, while JAL suspended operating
its seven 787s. ANA is the largest operator of the 787, followed by Japan
Airlines, and the groundings will last until at least Thursday.
http://www.ft.com/cms/s/0/30429704-5f81-11e2-8250-00144feab49a.html#axzz2ICXnsPSH
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