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The Federal Aviation Administration has approved Boeing’s (NYSE:BA) plan aimed at addressing problems with the 787 Dreamliner, The Wall Street Journal reported late Friday, a major step before the company resumes deliveries of the plane that have been halted since May 2021.
The move should allow Boeing (BA) to deliver its first 787 within days, but the company still must submit relevant paperwork to the FAA, according to the report.
Boeing (BA) said it had ~120 of undelivered Dreamliners – which analysts estimate are worth more than $25B – in its inventory at the end of June.
Boeing’s (BA) “recovery is stronger than it appears because of writedowns,” Edward Ambrose writes in a bullish analysis newly published on Seeking Alpha.
Image and article originally from seekingalpha.com. Read the original article here.