Boeing resumes deliveries of 787 Dreamliners after 4 months

Boeing resumes deliveries of 787 Dreamliners after 4 months 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