News / Economy

Boeing CEO Urges FAA to Return 787 to Service, Delays Continue

The Boeing 747 Dreamlifter, carrying the first major assembly for the Boeing 787 Dreamliner in Everett, Washington, after the plane's arrival from Italy, April 24, 2007.The Boeing 747 Dreamlifter, carrying the first major assembly for the Boeing 787 Dreamliner in Everett, Washington, after the plane's arrival from Italy, April 24, 2007.
x
The Boeing 747 Dreamlifter, carrying the first major assembly for the Boeing 787 Dreamliner in Everett, Washington, after the plane's arrival from Italy, April 24, 2007.
The Boeing 747 Dreamlifter, carrying the first major assembly for the Boeing 787 Dreamliner in Everett, Washington, after the plane's arrival from Italy, April 24, 2007.
Reuters
Boeing Co. Chief Executive Jim McNerney on Thursday urged regulators reviewing battery problems on the company's grounded 787 passenger jet to let the plane back into service, saying he was confident the redesigned battery was safe.
       
He would not specify when he expected the jet to be flying customers again other than saying "sooner rather than later.''
       
Separately, the airplane leasing company that is the world's biggest buyer of 787s said it expects its first delivery of the high-tech jet to be delayed to summer from spring, but that getting the plane restored to service will "go quickly.''
       
The Federal Aviation Administration and its administrator Michael Huerta "have been champs here,'' McNerney told a U.S. Chamber of Commerce aviation summit in Washington, D.C. on Thursday.
       
"They have put us through our paces and they have America's best interests in mind. They have the safety of the public in mind as I hope we do, which I think at this point means let's get this thing back into service and get on with it.''
       
Regulators worldwide banned flights of the 787 after lithium-ion batteries overheated on two of the aircraft in January. The grounding is costing Boeing an estimated $50 million a week in lost income and compensation payments to airlines.
       
McNerney said the grounding has been a "frustrating experience,'' but he had high confidence that the proposed fix for the battery system will work. Boeing is now running test flights to prove the safety of the system, which includes a steel box to prevent fire and contain explosion. McNerney said he expected the plane to be in service "sooner rather than later,'' though he was not more specific.
       
Shares of Boeing fell 0.5 percent to $85.76 in morning trading. The stock is up 16 percent since the plane was grounded, most of which came over the last month as the 787 moved closer to flying again.
       
Meanwhile, speaking in the sidelines of the conference, the president of Boeing's biggest 787 customer said he expects approving and installing a fix for the battery will "go quickly.''
       
"I think it is going to go quickly now,'' said Fred Cromer, president of International Lease Finance Corporation, which has ordered 74 Boeing 787s. "The FAA is interested in getting the plane back in the air as soon as possible.''
       
Boeing and the FAA have "a very good partnership,'' he said, and are working to make sure the fix "is a solution that all sides agree is the right thing to do.''
       
AIG unit ILFC is due to receive its first five 787s this year. Cromer said there was no formal word from Boeing about when the first of the jets would be delivered, but that the schedule had shifted to summer from spring. The first jet is leased to Norwegian Air Shuttle, he said.
       
McNerney said recent corporate changes at Airbus parent EADS would make the European competitor a "stronger company.''
       
"Airbus can figure out for themselves what they want to be, but I think the model does move a little closer towards -- I think the word [EADS chief executive] Tom [Enders] uses is -- a normal company. I know that has a special meaning in Germany, but I think that will create a stronger competitor, which I think is good for the industry.''
       
EADS shareholders on Wednesday approved sweeping changes in control that the company says will prevent interference, despite coinciding with a rise in European state shareholdings triggered by Germany's decision to buy a stake from carmaker Daimler

You May Like

Unpaid Kurdish Fighters Sign of Economic Woes

Sharp cuts in Kurdistan's budget by Baghdad, falling oil revenue, coping with refugees, inflated public sector have hit regional economy hard More

Koreas Exchange List of Envoys for Family Reunion Talks

Officials will discuss date, venue and number of participants for reunion; Seoul hopes to hold event late this month More

China Targets 197 in Online Speech Crackdown

Nearly 200 punished for 'spreading rumors' online in ongoing crackdown on free speech More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Calais School Offers Another Face of Europe’s Migrant Crisisi
X
Lisa Bryant
September 02, 2015 6:19 PM
Europe is facing mounting criticism over how it’s handling its biggest migration crisis since World War II. But not all Europeans believe building walls or passing repressive policies are the answer. A school for migrants in the French port city of Calais, is opening doors and building bonds across nationalities. VOA's Lisa Bryant reports.
Video

Video Calais School Offers Another Face of Europe’s Migrant Crisis

Europe is facing mounting criticism over how it’s handling its biggest migration crisis since World War II. But not all Europeans believe building walls or passing repressive policies are the answer. A school for migrants in the French port city of Calais, is opening doors and building bonds across nationalities. VOA's Lisa Bryant reports.
Video

Video Russia-Japan Relations Cool as Putin Visits China for WWII Anniversary

Russian President Vladimir Putin is in Beijing for commemorations of the 70th anniversary of China's WWII victory over Japan. Putin is expected to visit Japan later this year, but tensions between Tokyo and Moscow over islands disputed since the war, and sanctions over Ukraine, could pour cold water on the plan. VOA's Daniel Schearf reports.
Video

Video Kurdish Fighters on IS Frontline Ready for Offensive

Finger on the trigger, the Kurdish Peshmerga soldier stared across the dust at a village taken over by Islamic State extremists. The Kurdistan’s Khazir frontline, just 45 minutes from the Islamic State stronghold of Mosul. And at this point, the militants were less than two kilometers away. VOA's Sharon Behn reports.
Video

Video Yemen ‘on Brink of Disaster’ as Medical Shortages Soar

Aid agencies warn Yemen is on the brink of humanitarian disaster – with up to half a million children facing severe malnutrition, and hospitals running out of basic medicines. There are fears Yemen's civil war could escalate as the coalition led by Saudi Arabia tries to drive back Houthi rebels, who seized control of much of the country earlier this year. Henry Ridgwell reports.
Video

Video Apps Helping Kenyan Businesses Stay Ahead of Counterfeiters

Counterfeit goods in Kenya cost the government as much as $1 billion each year in lost tax revenues. The fake goods also hurt entrepreneurs who find it hard to carve out a niche in the market and retain customers. But as Lenny Ruvaga reports from Nairobi, information technology is being used to try to beat the problem.
Video

Video Nobel Prize Winner Malala Talks to VOA

Nobel Peace Prize winner Malala Yousafzai met with VOA's Deewa service in Washington Sunday to talk about women’s rights and unveil a trailer for her new documentary. VOA's Katherine Gypson has more.
Video

Video War, Drought Threaten Iraq's Marshlands

Iraq's southern wetlands are in crisis. These areas are the spawning ground for Gulf fisheries, a resting place for migrating wildfowl, and source of livelihood for fishermen and herders. Faith Lapidus has more.
Video

Video Colombians Flee Venezuela as Border Crisis Escalates

Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Rebuilding New Orleans' Music Scene

Ten years after Hurricane Katrina inundated New Orleans, threatening to wash away its vibrant musical heritage along with its neighborhoods, the beat goes on. As Bronwyn Benito and Faith Lapidus report, a Musicians' Village is preserving the city's unique sound.
Video

Video In Russia, Auto Industry in Tailspin

Industry insiders say country relies too heavily on imports as inflation cuts too many consumers out of the market. Daniel Schearf has more from Moscow.
Video

Video Scientist Calls Use of Fetal Tissue in Medical Research Essential

An anti-abortion group responsible for secret recordings of workers at a women's health care organization claims the workers shown are offering baby parts for sale, a charge the organization strongly denies. While the selling of fetal tissue is against the law in the United States, abortion and the use of donated fetal tissue for medical research are both legal. VOA’s Julie Taboh reports.
Video

Video Next to Iran, Climate at Forefront of Obama Agenda

President Barack Obama this week announced new initiatives aimed at making it easier for Americans to access renewable energy sources such as solar and wind. Obama is not slowing down when it comes to pushing through climate change measures, an issue he says is the greatest threat to the country’s national security. VOA correspondent Aru Pande has more from the White House.
Video

Video Arctic Draws International Competition for Oil

A new geopolitical “Great Game” is underway in earth’s northernmost region, the Arctic, where Russia has claimed a large area for resource development and President Barack Obama recently approved Shell Oil Company’s test-drilling project in an area under U.S. control. Greg Flakus reports.
Video

Video Philippine Maritime Police: Chinese Fishermen a Threat to Country’s Security

China and the Philippines both claim maritime rights in the South China Sea.  That includes the right to fish in those waters. Jason Strother reports on how the Philippines is catching Chinese nationals it says are illegal poachers. He has the story from Palawan province.
Video

Video China's Spratly Island Building Said to Light Up the Night 'Like A City'

Southeast Asian countries claim China has illegally seized territory in the Spratly islands. It is especially a concern for a Philippine mayor who says Beijing is occupying parts of his municipality. Jason Strother reports from the capital of Palawan province, Puerto Princesa.

VOA Blogs

World Currencies

EUR
USD
0.8905
JPY
USD
120.20
GBP
USD
0.6541
CAD
USD
1.3262
INR
USD
66.242

Rates may not be current.