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Boeing earnings rise on tax credit

US aerospace giant Boeing Wednesday reported higher first quarter earnings due to a tax credit, despite fewer deliveries of its problem-plagued Boeing 787. Net income for the quarter came in at $1.1 billion, up 20 percent from the year-earlier period of $923 million. That translated into earnings per share of $1.44. The earnings were boosted by a 19 cents per share gain for a 2012 research and development tax credit. Revenues were $18.9 billion, down 3 percent from the same period last year.

U.S. safety board seeks lesson in Boeing 787 battery fire

By Alwyn Scott and Andrea Shalal-Esa WASHINGTON/NEW YORK (Reuters) - The top U.S. transportation safety agency said on Tuesday it is looking beyond what caused a Boeing Co Dreamliner battery fire in January to find larger lessons that can be applied to the airplane certification process and to new technologies.

AFP Americas News Agenda for April 24

Duty Editor: Joseph Krauss Tel: + 1 202 414 0541 What's happening in the Americas on Wednesday: + Boston bombing probe moves forward BOSTON, Massachusetts: Investigators work to unravel the deadly Boston marathon bombings after charging 19-year-old Dzhokhar Tsarnaev for his alleged role in the attacks. Picture. Video (US-ATTACKS)

Europe approves Boeing 787 battery design change

The European Aviation Safety Agency said Tuesday it had approved Boeing's proposed battery design change for its 787 planes, after a problem with overheating grounded the jetliner in January. The green light, which follows a similar move in the United States, will allow the "European operated aircraft to return to service as soon as the modification will be installed," the Germany-based agency said in a statement.

Europe approves Boeing 787 battery design change

The European Aviation Safety Agency said Tuesday it had approved Boeing's proposed battery design change for its 787 planes, after a problem with overheating grounded the jetliner in January. The green light, which follows a similar move in the United States, will allow the "European operated aircraft to return to service as soon as the modification will be installed", the Germany-based agency said in a statement. kjm/fz/arp

Too soon to say if 787 battery issues were design error - Boeing

WASHINGTON (Reuters) - A top Boeing Co <BA.N> executive said on Tuesday it was too early to determine whether problems with the lithium ion batteries on its new 787 Dreamliner that led to the plane's grounding in January stemmed from a design error or some manufacturing problem. Mike Sinnett, Boeing's chief 787 engineer, told an investigative hearing of the National Transportation Safety Board that the batteries had been through thousands of hours of testing before the new airliner began flying, plus additional hours during flight testing.

FAA approves Boeing Dreamliner battery system design

By Alwyn Scott and Andrea Shalal-Esa (Reuters) - U.S. regulators on Friday approved a revamped battery system for Boeing Co's 787 Dreamliner, a crucial step in returning the high-tech jet to service after it was grounded in January because the plane's lithium-ion batteries overheated.

FAA launches tail inspections on Boeing 737s

US air-safety regulators on Monday said they would inspect more than 1,000 Boeing 737s for a faulty tail part that could cause a pilot to lose control of the jetliner. In a new safety headache for Boeing three months after its 787 Dreamliner was grounded worldwide, the Federal Aviation Administration said it would inspect the single-aisle 737s for improperly mounted pins on the tail and replace those found faulty. The FAA said the airworthiness directive (AD) would take effect on May 20 and "affects 1,050 airplanes of US registry."

U.S. decision on Dreamliner plan could come soon - LaHood

WASHINGTON (Reuters) - U.S. Transportation Secretary Ray LaHood said on Monday his department will not rush its review of Boeing's plan to fix battery problems for its grounded 787 Dreamliner, but a decision could come "soon." "We're not going to short circuit it, we're going to take our time," LaHood told reporters on the sidelines of a conference on advanced biofuels. "When we're finished reviewing their plan, we will announce it to the world." When asked about a timeline for a decision on Boeing's plan, LaHood said "soon."

US aviation authority orders inspection of Boeing 737s

The US Federal Aviation Agency plans to inspect more than a thousand Boeing 737 airplanes to check for corrosion on certain pins that could compromise safety, according to a notice on the Federal Register. In the document, dated April 15, the agency said it had been informed of an "incorrect procedure used to apply the wear and corrosion protective surface coating to attach pins of the horizontal stabilizer rear spar."
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