United Grounds Boeing 787s Through June 5

by Christopher Freeburn | February 22, 2013 9:47 am

[1]Airlines continue to rework their flight schedules[2] around the continued grounding of Boeing‘s (NYSE:BA[3]) 787 Dreamliner jets.

On Thursday, United Airlines (NYSE:UAL[4]) announced that it has removed the plane from its scheduled flights at least until June 5. The airline is also delaying the debut of a new Denver-to-Tokyo route from March 31 until May 12, at the earliest. However, 787s could return to the airline’s schedule earlier, if a fix is found, a spokesman told the Associated Press.

Last month, aviation regulators around the world grounded the new high-tech jet after series of malfunctions led to emergency landings[5] and a fire in the underbelly of a 787 at Boston’s Logan airport.

Boeing has scrambled to identify the cause of the problem, which is believed to stem from the plane’s lithium-ion batteries[6].

Shares of United Airlines rose fractionally in Friday morning trading.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/07/United_Continental_nose_plane_630_flickr.jpg
  2. continue to rework their flight schedules: http://www.usatoday.com/story/todayinthesky/2013/02/21/united-airlines-grounds-787s-through-june-5-dreamliners/1936517/
  3. BA: http://studio-5.financialcontent.com/investplace/quote?Symbol=BA
  4. UAL: http://studio-5.financialcontent.com/investplace/quote?Symbol=UAL
  5. grounded the new high-tech jet after series of malfunctions led to emergency landings: http://investorplace.com/2013/01/faa-steps-in-and-grounds-troubled-boeing-787s/
  6. stem from the plane’s lithium-ion batteries: http://investorplace.com/2013/01/lithium-ion-batteries-the-dreamliner-fallout/

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