Boeing Dreamliner engine fails over the Atlantic

|About: The Boeing Company (BA)|By:, SA News Editor

A Boeing (BA +0.3%) 787 Dreamliner carrying 288 passengers had to divert to the Azores after an engine problem on a Thomson Airways trans-Atlantic flight last week.

No explanation has been offered yet for the sudden engine failure, but it is a first for the aircraft since delivery of the first 787 during fall 2011 after entering production about four years late and costing Boeing ~5x the original $6B estimate.

GE (GE +0.9%) built the GEnx-1B engines used on Thomson's 787-800 fleet; a different version of the engine is used on Boeing’s latest version of its 747-8 jumbo jet.

Meanwhile, Boeing reported its best month ever for commercial airplane orders in July, with 324 total orders for the month and bringing the YTD total to 823.