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Boeing resumes deliveries of 787 Dreamliners after 4 months

Last Updated: Wednesday, May 15, 2013 - 10:48

New York: After nearly four months of suspension owing to safety concerns regarding the battery system, Boeing Co on Wednesday resumed deliveries of its high-tech 787 Dreamliner jet.

Boeing said it delivered a new Dreamliner to All Nippon Airways, its second delivery of the year. The first was delivered before January 16, when regulators grounded the worldwide Dreamliner fleet after two lithium-ion batteries overheated and smoked on two separate jets that month.

The delivery of the first jet with a redesigned battery system marks a turning point in Boeing's 787 crisis, allowing the jet maker to book revenue for completed sales of the jet, which costs $207 million at list prices.

Boeing shares rose 1.4 percent to close at $96.11 on the New York Stock Exchange, their highest levels since November 2007.

Resuming deliveries will lower Boeing's profit margin in the near-term, though. The 787s being delivered now are among the relatively early jets that are more costly to make and that were sold at steep discounts to attract customers.

With Agency Inputs

First Published: Wednesday, May 15, 2013 - 10:48
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