Boeing may not have extinguished the issue of burning batteries in it’s 787 Dreamliners, but it’s sure keeping it’s investors cool.
Stock of Boeing closed Friday just a little bit about $75, just a few pegs below it’s $52-week high of about $78.
Meantime, it’s future is stranded on the tarmac. No one can quite yet tell how long it will take Boeing to prove to aviation regulators around the globe that it’s Dreamliners are safe after a couple of incidents involving smoking batteries.
This isn’t going to be like changing the battery in a car. The entire plane was designed around lithium-ion batteries that are both light-weight and quick-charging. Using a more traditional cell will likely involved a long and costly redesign of the plane.
Given the unknowns, it’s amazing how muted the market reaction was to the news.