$BA Tanking Again As Dreamliner Fire Draws Downgrades

“Bloomberg is reporting this morning another eye-opening incident with one of Boeing‘s (BA) 787 Dreamliner planes:

Flames about two feet (0.6 meter) high shot out of an avionics bay in the jet’s belly yesterday as the plane sat at a Logan International Airport gate before its next departure, and there was a small explosion, Massachusetts Port Authority Fire Chief Robert Donahue said in an interview. Japan Airlines, which has seven 787s, won’t ground other Dreamliners.

Thankfully no one was hurt, but after last month’s groundings this is yet one more black eye for Boeing’s Dreamliner.

I’ve noted before that Boeing deserves some forbearance for the 787′s teething troubles because it’s essentially trying to reinvent the modern passenger aircraft while running a profitable business,  but at some point the problems have to stop. And when you get fires breaking out on commercial planes, maybe we’re getting to that point.

Certainly that’s the view of Carter Leake, analyst at BB&T, who wrote this morning…”

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