Executive Briefings

Will Plans to Expand Dreamliner Production Take a Nosedive?

Until smoldering batteries forced safety regulators to ground Boeing's new 787 Dreamliner jets last week, the aircraft manufacturer was flying high, with soaring profits and a recently regained No. 1 ranking in jet deliveries over Airbus.

But the grounding, prompted by a battery fire on one jet and the emergency landing of another, has knocked Boeing off stride. Now, investors as well as government officials are paying close attention to see how big the issue becomes for the company, which is one of the nation's biggest exporters.

Although company officials said they expected to find a solution quickly, federal regulators ruled out one simple explanation "” that the battery was overcharged. If the problems prove more complicated, they could threaten Boeing's plans to expand production of the planes, and the jobs that go with them.

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But the grounding, prompted by a battery fire on one jet and the emergency landing of another, has knocked Boeing off stride. Now, investors as well as government officials are paying close attention to see how big the issue becomes for the company, which is one of the nation's biggest exporters.

Although company officials said they expected to find a solution quickly, federal regulators ruled out one simple explanation "” that the battery was overcharged. If the problems prove more complicated, they could threaten Boeing's plans to expand production of the planes, and the jobs that go with them.

Read Full Article