Boeing gets green light to start delivery of 787 Dreamliner | Business and Economy News

American Airlines will be the first to take possession, possibly as early as Wednesday.

The US government has approved the delivery of the first Boeing 787 Dreamliner – almost two years later manufacturing defect has attracted scrutiny and delivery pause Reuters news agency cited sources from people briefed on the matter – clearing the way for American Airlines to take over.

American Airlines said it expects to receive its first Boeing 787 of the year as early as Wednesday, and the plane will enter commercial service in the coming weeks. This is the first 787 aircraft to be delivered since April 2021.

Earlier, on Monday, the Federal Aviation Administration (FAA) said it expected Boeing to resume deliveries of the 787 in the coming days after the manufacturer performed a test and retrofit changes. required to meet certification standards.

Shares of Boeing jumped as much as 3.7% in New York following the announcement before ending the rally. Shares are down 18% this year.

Boeing halted deliveries in May 2021 after the FAA raised concerns about their proposed test method. In September 2020, the FAA said it was investigating manufacturing defects on some 787 jets.

American Airlines said during its July earnings press conference that it expects to receive nine 787s this year, including two by early August. It has 42 on order, not including the one. aircraft they expect to receive this week.

Boeing said it continues to “work transparently with the FAA and our customers to continue delivering 787s”.

‘Check each plane’

Last month, the FAA approved Boeing’s specific inspection plan to verify that the aircraft meets the requirements and that all retrofit work has been completed.

Boeing has about 120 Dreamliners awaiting delivery. The FAA said it “will inspect each aircraft before a certificate of airworthiness is issued and cleared for delivery”. Normally, the FAA assigns the right to sell airline tickets to the manufacturer, but in some cases, like the 737 MAX, it retains responsibility for approving each new aircraft.

After the two fatal crashes of the 737 MAX in 2018 and 2019, the FAA pledged to scrutinize Boeing more closely and give Boeing less responsibility for aircraft certification.

On Thursday, FAA Acting Administrator Billy Nolen met with FAA safety inspectors in South Carolina as the agency pondered whether to allow Boeing to resume deliveries of the 787.

Before Boeing suspended production, the FAA had previously issued two aeronautical reliability directives to address production issues with the aircraft in service. It identified a new issue in July 2021.

The plane maker resumed deliveries in March 2021 after a five-month hiatus before halting them again. The FAA previously said it wanted Boeing to make sure it “has a robust plan for the recycling work it has to do on the large number of new 787s in storage” and that “Boeing’s delivery process is stable”.

In January, Boeing disclosed charges of $3.5 billion due to 787 delivery delays and customer concessions, and $1 billion in other unusual manufacturing costs stemming from manufacturing flaws and repairs and controls. related investigation.

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