GE Engine Gets OK for 787-9 Dreamliner
The FAA has certified for commercial flights Boeing’s 787-9 Dreamliner equipped with engines from General Electric.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Boeing Co. (NYSE: BA) said on Thursday that the Federal Aviation Administration (FAA) has certified for commercial flights the company’s 787-9 Dreamliner equipped with engines from General Electric Co. (NYSE: GE). Boeing expects to deliver the first of the GE-equipped planes next week.
The 787-9 is the second version of the Dreamliner and is 20 feet longer, can carry more passengers and can fly farther than the 787-8. Passenger capacity rises from 242 to 280, and the flying range expands from around 9,000 miles to more than 9,500 miles.
The 787-9 equipped with engines from Rolls-Royce was certified in June and Boeing has already delivered planes with these engines to Air New Zealand and All Nippon Airways. The company’s first customer for the GE-equipped 787-9 is United Continental Holdings Inc. (NYSE: UAL).
The newly certified engine is one of six in the GEnx (next-generation) family. The GEnx-1B64, -1B67 and -1B70 are all certified for the 787-9 and the 787-8. The GE-1B70 is also planned to be certified for the 787-10, which is scheduled for delivery to Boeing customers in 2018.
Two weeks ago, a 787-8 owned by Thomson Airways and equipped with GE engines experienced an engine problem and the pilot had to shut down one of the two engines about 90 minutes into a scheduled 9.5-hour flight from the Dominican Republic to Manchester, England. The plane landed safely at a military base on the Azores about four hours after the engine was shut down.
Boeing’s stock closed down fractionally on Friday, at $127.46 in a 52-week range of $102.57 to $144.57.
ALSO READ: Why a Boeing 787-9 Costs $250 Million
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
