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Business Insider
an hour ago
- Business
- Business Insider
Fuel Control Switches Found Safe: Boeing Stock (NYSE:BA) Slips Regardless
While the full investigation into the Air India crash will take quite some time yet to solve, one detail has emerged that proves to be good news for aerospace stock Boeing (BA). The precautionary inspections Air India staged on the fuel control switches for the 787 and 737 aircraft in its operations turned out just fine. But shareholders were oddly, if mildly, displeased about the whole matter. Shares were down fractionally in Tuesday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. These inspections were not particularly related to the crash, though, perhaps, were on a tangential basis. After word emerged about the fuel control switches potentially being a problem, Air India began to check the switches on the appropriate aircraft that had them. As it turned out, none of the switches were an issue. Air India's checks on the switches were voluntary, reports note, but the aviation regulators in India soon made it mandatory. It actually followed a report from 2018, in which the Federal Aviation Administration (FAA) advised airlines to make similar checks. Though this was only done in an advisory capacity, as no action was specifically required. While a cockpit recording from the Air India flight that crashed suggested that the captain had cut fuel to the engines, the Aircraft Accident Investigation Bureau (AAIB) said it was too early to draw any conclusions from this. Big New Government Orders Likely Then came some better news for Boeing, as the United States Air Force will be pulling its plans to establish a 'bridge tanker' between the KC-46 and the Next Generation Air Refueling System. Thus, plans to open up a competition for that new tanker have been canceled, and instead, the Air Force will be buying as many as 75 KC-46 aircraft from Boeing. Several issues, including overall pricing and contract type, are still being worked out. But the idea of a competition to get that new tanker has been a thing for a little over a year now, reports note, and the sudden move to cancel it comes as a surprise to many observers. However, as far back as 2022, there were reports that said there could never be any competition to begin with, and Boeing would instead be the sole-source supplier going forward. Reports of 'technical deficiencies' with the KC-46 are apparently being ironed out to this day, and the Air Force is happy with the progress. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 17 Buys, two Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 22.97% rally in its share price over the past year, the average BA price target of $244.21 per share implies 6.84% upside potential.
New York Post
3 hours ago
- Business
- New York Post
Air India says no issues in locking mechanism of fuel control switches in Boeing fleet
Air India said Tuesday that preliminary inspections found no issues in the locking mechanism of fuel control switches for select Boeing aircrafts. The announcement followed a preliminary investigation into last month's Air India plane crash that the switches shifted and flipped within seconds, starving both engines of fuel. Air India operates a fleet of Boeing 787 Dreamliners for long-distance operations, while subsidiary and low-cost unit Air India Express operates the Boeing 737 jets for short-haul flights. 4 Air India says no issues in locking mechanism of fuel control switches in Boeing fleet. Indian aircraft accident investigation bureau The airline inspected its entire fleet of both types of aircraft. 'In the inspections, no issues were found with the said locking mechanism,' the airline's statement said. The investigation by India's Aircraft Accident Investigation Bureau into the London-bound plane that crashed in the northwestern city of Ahmedabad on June 12, killing 260 people, is centered around the fuel control switches on the Boeing 787 jetliner. One person survived the crash. Last week, India's aviation regulator ordered all airlines operating several Boeing models to examine fuel control switches and submit their findings to the regulator by July 21. Air India has 33 Dreamliners in its fleet, and Air India Express operates 75 Boeing 737 jets. In the past few weeks, the airline has faced disruptions in services amid heightened scrutiny and additional safety inspections, leading to flight delays, cancellations and growing passenger anxiety. 4 The announcement followed a preliminary investigation into last month's Air India plane crash that the switches shifted and flipped within seconds, starving both engines of fuel. Indian aircraft accident investigation bureau On Monday, an Air India Airbus 320 flight veered off the runway as it landed during heavy rainfall at Mumbai International Airport, partially damaging the underside of one of the plane's engines and leading to a temporary runway closure. The flight had flown from Kochi in the southern state of Kerala. The airline said in a statement that all passengers and crew members disembarked safely and the aircraft was grounded for checks. In another incident, an Air India flight from Hong Kong had a fire in its auxiliary power unit Tuesday while passengers were exiting the aircraft after it landed in New Delhi. 4 An Air India passenger plane bound for London crashed shortly after takeoff from Ahmedabad on Thursday, June 12. Storyful 'The auxiliary power unit was automatically shut down as per system design. There was some damage to the aircraft, however, passengers and crew members disembarked normally, and are safe,' the airline said. Its statement added the aircraft was grounded for investigation and the aviation safety regulator notified. Indian conglomerate Tata Sons took over Air India in 2022, returning the debt-saddled national carrier to private ownership after decades of government control. 4 A video grab from the footage shows a London-bound passenger jet carrying more than 240 people, including 53 Brits, crashing shortly after take-off in India. Newslions / SWNS The $2.4 billion deal was seen as the government's effort to sell off a loss-making, state-run businesses. It also was in some ways a homecoming for Air India, which was launched by the Tata family in 1932. Since the takeover, Air India has ordered hundreds of new planes worth more than $70 billion, redesigned its branding and livery and absorbed smaller airlines that Tata held stakes in. The company additionally has committed millions of dollars to digital overhauls of aircrafts and refurbishing interiors of more than five dozen legacy planes.
Straits Times
a day ago
- Straits Times
Air India says no issues found in Boeing 787, Boeing 737 fuel control switches
Find out what's new on ST website and app. A final report from India's Aircraft Accident Investigation Bureau is expected within a year of the incident. NEW DELHI - Air India said on July 22 it has completed precautionary inspections of the fuel control switch locking mechanism on all its Boeing 787 and 737 aircraft, with no issues detected. The probe into the Air India crash that killed 241 of the 242 people on board and 19 on the ground is focused on the fuel control switches of the Boeing 787 jetliner, with a final report from India's Aircraft Accident Investigation Bureau (AAIB) expected within a year of the incident. The switches control fuel flow to aircraft engines, allowing pilots to start or shut them down on the ground, or manually intervene during in-flight engine failures. Air India began voluntary inspections of the switches on July 12. India's aviation regulator soon ordered all domestic carriers to conduct similar checks, prompting some foreign airlines and regulators to follow suit. A preliminary report from the AAIB earlier in July found the switches had almost simultaneously flipped from 'run' to 'cutoff' shortly after takeoff, causing the engines to lose power. The report cited a 2018 FAA advisory that urged operators of several Boeing models, including the 787, to inspect the locking mechanism on fuel cutoff switches to prevent unintentional movement. Top stories Swipe. Select. Stay informed. Singapore Singaporeans aged 21 to 59 can claim $600 SG60 vouchers from July 22 Singapore Miscalculation of MOH subsidies and grants led to $7m in overpayments, $2m in shortfalls Singapore Singaporeans continue to hold world's most powerful passport in latest ranking Asia Indonesia on high alert as dry weather fans forest, peatland fires in Sumatra Singapore 2 charged over alleged role in posting bail for man who later absconded Singapore Teen charged after allegedly selling vaporisers, advertising e-cigarettes on WhatsApp Singapore 2,500 turtles seized in India and sent back to S'pore, put down humanely after salmonella detected Singapore Ports and planes: The 2 Singapore firms helping to keep the world moving The FAA and Boeing have privately issued notifications that the fuel switch locks on Boeing planes are safe, Reuters had reported. Reuters reported last week, citing a source, that the cockpit recording on the Air India flight from Ahmedabad to London Gatwick suggested the captain cut fuel to the engines. The AAIB has said it is too early to draw any conclusions. Air India operates a fleet of Boeing 787 twin-aisle jets on its long-haul operations, while low-cost unit Air India Express operates the Boeing 737 single-aisle jets. REUTERS
Gulf Insider
3 days ago
- Business
- Gulf Insider
Gulf Air Orders 12 Boeing 787 Dreamliners With Options For Six Additional Aircraft
Boeing and Gulf Air have announced an agreement for the purchase of 12 787 Dreamliner jets with options for six more as the Bahrain-based airline seeks to develop its international network further. The order will bring the carrier's firm order book to 14 of the widebody jets and will support 30,000 jobs across the United States once finalised. Bahrain Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa and U.S. Commerce Secretary Howard Lutnick joined Boeing Commercial Airplanes President and CEO Stephanie Pope and Gulf Air Group Chairman Khalid Taqi to witness the signing. The flag carrier of Bahrain will grow its all-787 widebody fleet, adding up to 18 787 Dreamliners to its widebody fleet. 'This agreement marks a transformative step in Gulf Air's strategic growth journey as we expand our global footprint and modernize our fleet with one of the industry's most advanced and efficient aircraft,' Khalid Taqi, chairman of Gulf Air Group said in a statement. 'The Boeing 787 Dreamliner has proven to be an exceptional aircraft for our long-haul operations, and this new order reflects our confidence in its performance, passenger appeal and contribution to our sustainability goals. We are proud to deepen our partnership with Boeing and reaffirm our commitment to positioning Bahrain as a key global aviation hub,' he added. The 787 Dreamliner serves as the backbone of Gulf Air's long-haul operations, connecting over 50 destinations. With 10 787 airplanes in service, the airline is positioned to grow its network, serving new and existing markets across Asia, Europe and the United States. 'We are excited to build on our more than 60-year partnership with Gulf Air as we deliver the market-leading 787 Dreamliner to help the airline serve more passengers and connect more destinations,' Stephanie Pope, president and CEO of Boeing Commercial Airplanes explained, adding that this investment in the 787 Dreamliner 'demonstrates Gulf Air's commitment to new technology and sustainable development, reinforcing Bahrain's position in the aviation sector.' The 787 Dreamliner family has transformed global air travel by opening over 425 new nonstop routes and carrying more than 1 billion passengers worldwide since its commercial introduction in 2011. As Gulf Air's flagship airplane, the 787 features the largest windows of any widebody jet, air that is less dry and pressurised at a lower cabin altitude for comfort, and technology that senses and counters turbulence for a smoother ride. From its first DC-3 in 1961, Gulf Air has taken delivery of 37 Boeing airplanes, including the 787 jets currently in its fleet. Boeing is a leading global aerospace company and top U.S. exporter. The company develops, manufactures and services commercial airplanes, defence products and space systems for customers in more than 150 countries.
India Today
3 days ago
- General
- India Today
Delta's Boeing 767 engine catches fire mid-air, makes emergency landing in LA
A Delta Air Lines flight bound for Atlanta was forced to make an emergency landing at Los Angeles International Airport on Friday after its left engine reportedly caught fire shortly after to a report by Aviation A2Z, Flight DL446, operated by a 24-year-old Boeing 767-400 (registration N836MH), had just departed Los Angeles International Airport when the crew detected indications of an engine fire. Flames were seen coming from the aircraft's left engine mid-air, as captured in ground video 787 Makes Emergency Landing in LA - Engine ON FIRE Video claims to show a Delta Airlines flight bound for Atlanta on Friday making an emergency landing at LAX. The engine reportedly caught fire shortly after take-off. @LAFlightsLIVE RT_India (@RT_India_news) July 19, 2025advertisementThe pilots quickly declared an emergency and coordinated with Air Traffic Control (ATC) for an immediate return. The aircraft initially climbed out over the Pacific Ocean before circling back inland over Downey and Paramount to complete safety checklists and prepare for landing. The aircraft maintained a stable altitude and speed throughout the manoeuvre. Upon landing, emergency crews were on standby and confirmed that the fire was extinguished. No injuries were reported among the passengers or crew."Delta flight 446 returned to Los Angeles shortly after departure following an indication of an issue with the aircraft's left engine," a Delta spokesperson told the BBC. Passengers said the captain informed them that fire crews were "verifying that the engine fire is out."The Federal Aviation Administration (FAA) has launched an investigation to determine the cause of the fire. The aircraft is powered by two General Electric CF6 marks the second reported engine fire incident involving Delta Air Lines this year. In January, Flight DL105, an Airbus A330neo, was forced to return to Atlanta shortly after takeoff due to a similar issue on its way to Brazil's So aircraft was en route to So Paulo's Guarulhos International Airport on January 1 when its left engine began malfunctioning shortly after takeoff, sending visible flames that alarmed the passengers.- EndsMust Watch
