This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FAA to Order Additional Boeing 767 Inspections: Report

NEW YORK (TheStreet) -- The Federal Aviation Administration plans to order additional safety checks for more than 400 Boeing (BA - Get Report) 767 planes, according to a published media report.

The regulator plans to publish its order in Monday's Federal Register, The Wall Street Journal reported Sunday.

The Journal report said that both Chicago-based Boeing and the FAA had no comment on the matter.

At issue are horizontal flight-control surfaces called elevators located in the tails of the widebody jets, the report said.

Must Read: Could American Help Alaska Face the Delta Threat?

The new directive calls for increased inspections of the elevators, and the modification and replacement of parts that control them, the report added.

The elevators assist in raising and lowering the noses of planes while in flight. Problems in the elevator system can change a plane's pitch and cause a possible loss of control, the FAA order said, according the Journal report.

Concerns about the 767 elevator system are not new. In 2000, the FAA issued an order for inspections of 767s to see whether "shear rivets" in the elevator mechanism had broken.

Since then, the FAA has ordered and Boeing has recommended additional tests related the elevator system, the report said.

The FAA directive scheduled to be announced Monday will take effect in March and will require U.S. airlines to replace suspect parts within six years, the report also said.

Foreign regulators are expected to issue similar orders, the report said.

The inspection and repair work are projected to cost airlines millions of dollar, but the FAA said Boeing would pick up the cost of some the work, the Journal reported.

Shares of Boeing closed Friday down $4.66, or 3.3%, at $136.65.

This article was written by a staff member of TheStreet.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BA $133.67 -0.84%
AAPL $93.54 -1.40%
FB $117.17 0.38%
GOOG $693.96 0.43%
TSLA $246.07 -0.66%


Chart of I:DJI
DOW 17,709.85 -120.91 -0.68%
S&P 500 2,064.99 -10.82 -0.52%
NASDAQ 4,777.2430 -28.0480 -0.58%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs