RBC analyst Robert Stallard recommends investors buy into today's Boeing (BA) selloff, noting...

RBC analyst Robert Stallard recommends investors buy into today's Boeing (BA) selloff, noting the stock has held up in the past despite negative 787 headlines; he thinks today's incident may have a similar outcome. Citi's Jason Gursky is more cautious, saying that even if the battery is not the cause of the fire, "aircraft are complex animals" and the incident could highlight a new problem with the 787.

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Comments (7)
  • Ajayyy
    , contributor
    Comments (325) | Send Message
    And the award for stating the obvious goes to...
    12 Jul 2013, 06:26 PM Reply Like
  • thomas85225
    , contributor
    Comments (552) | Send Message
    Thomson Airways says Dreamliner forced to return to UK
    Friday, July 12, 2013 1:26 p.m. CDT
    LONDON (Reuters) - A Boeing 787 Dreamliner operated by Britain's Thomson Airways, flying to the United States from northwest England, was forced to return to Britain due to technical problems as a precaution on Friday, the airline said.


    The incident was unrelated to a fire aboard another Dreamliner operated by Ethiopian Airlines while it was on the ground at Britain's Heathrow Airport.


    "Thomson Airways can confirm that flight TOM126 travelling from Manchester to Sanford, Florida, experienced a technical issue and the aircraft returned to Manchester Airport, as a precautionary measure," Thomson Airways, owned by TUI Travel, said in a statement.


    TUI Travel said its passengers had disembarked and that its engineers were inspecting the aircraft in Manchester, northwest England. It added that the passengers would be moved to an alternative aircraft as soon as possible.


    Thomson Airways, the first British carrier to use the Dreamliner, operated its first commercial flight using the lightweight, fuel-efficient jet on a special flight from London's Gatwick to Minorca in Spain last month.


    TUI Travel, whose airlines use 141 aircraft, received the first of its 13 Dreamliners in late May. It is using the new plane on services between Manchester, East Midlands, Glasgow and Gatwick airports to Florida in the United States and Cancun in Mexico.


    Thomson had planned to start using the Dreamliner in May but was forced to push its timetable back after the plane's battery problems delayed its delivery.


    IAG's British Airways took delivery of the first of its 24 Dreamliners late last month. Virgin Atlantic is due to get the first of its 16 Dreamliners in September next year.


    (Reporting by Rhys Jones; editing by Andrew Roche


    May its time for boeing to offer a fire truck with each purchace of a 787
    that would follow the 787 around at the airport


    How many of the fleet of 66 787 had make emergency landing or landed at other airport since the 787 where grounded
    13 Jul 2013, 02:21 AM Reply Like
  • ebeuu
    , contributor
    Comments (382) | Send Message
    I bought; sold it the first time and re-purchased position afterwards; having the first drill led to buying here at a slight discount.
    Looking forward to hearing more this weekend.
    13 Jul 2013, 03:03 AM Reply Like
  • CapGoodsAlpha
    , contributor
    Comments (63) | Send Message
    Rob's call makes tactical sense. The 787 problems - battery, fire - are serious but do not reflect on the ultimate viability of the aircraft.


    However, we see little value in the shares. Bombardier (BBD.B) at C$4.91 has upside to $7 over the next 9-12 months - up 40%+ - as CSeries deliveries start in '14 and capital spending falls. BA at 14-15X consensus '14 is expensive.
    13 Jul 2013, 04:07 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (708) | Send Message
    There appears to be some confusion over 1 battery location and the possibility this contributed to the latest fire. All reports I’ve read list 1 battery location near the front of the 787 but there are differing reports of the 2nd location. Some have it mid-section but I found one article that shows it near the tail, exactly where the Heathrow 787 fire was. I dumped BA and will wait for the smoke to clear before buying again. To me, there is still risk BA will see additional downward price pressure if it is confirmed the rear lithium batteries are the cause of the Heathrow fire. I posted this link in another SA article about the 787 fire but it is worth posting again. Caveat emptor.


    13 Jul 2013, 08:00 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (19256) | Send Message
    If it's Boeing, I'm not going.
    13 Jul 2013, 08:18 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4422) | Send Message
    As a layman (myself) might see it - the 787 is fire-prone, whatever 'this' cause ends up being. I hate flying personally, but would hate it 100 times more if there was a good chance the vehicle may erupt in flames for one or more reasons.


    If one has a fire mid-cabin, they can call it the Tour-de-Plane of flames. ;)
    13 Jul 2013, 08:51 PM Reply Like
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