US-based airplane manufacturer Boeing can resume deliveries of its 787 Dreamliner aircraft, the country’s Federal Aviation Administration (FAA) announced on Monday.
“Boeing has made the necessary changes to ensure that the 787 Dreamliner meets all certification standards,” the American aviation regulator said in a statement.
“The FAA will inspect each aircraft before an airworthiness certificate is issued and cleared for delivery. We expect deliveries to resume in the coming days,” it added.
The stock price of Boeing jumped to $171.09 per share on the New York Stock Exchange after the FAA ruling – up 3.6% from the previous close of $165.04 a share.
Deliveries of 787 Dreamliners were suspended for almost two years due to a number of flaws in manufacturing.
Boeing’s largest customers, such as United Airlines and American Airlines, failed to get new Dreamliners while airline travel began to rise this summer in the post-pandemic period.
Boeing announced on Jan. 26 that its 787 Dreamliner program cost it $5.5 billion due to manufacturing flaws.
While the company took a $3.5 billion pretax charge in the fourth quarter of last year due to the 787 Dreamliners, it said it estimates another $2 billion in additional costs in the program.
Source: AA
