Boeing Faces New FAA Investigation Over 787 Dreamliner Inspections
Boeing shares are facing downward pressure on Monday following the news of a new investigation launched by the Federal Aviation Administration (FAA) into the company's inspections of its 787 Dreamliner aircraft.
The investigation stems from concerns that Boeing may not have completed required inspections related to the electrical safeguards of bonding and grounding where the wings join the fuselage on some aircraft. This issue was brought to light by a Boeing employee who recognized the problem and reported it internally. Boeing subsequently notified the FAA.
The FAA is also investigating whether Boeing employees may have falsified aircraft inspection records. This adds another layer of concern to the situation, as it suggests potential attempts to conceal the issue.
The news has caused a drop in Boeing's share price, with a 1.46% decrease at the time of publication. This highlights the potential impact of the investigation on the company's financial performance and reputation.
It remains to be seen what the outcome of the investigation will be. However, the situation underscores the importance of thorough inspections and accurate record-keeping in the aviation industry, where safety is paramount.