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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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) 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.

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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,090.39 +38.66 0.23%
S&P 500 1,973.63 -4.59 -0.23%
NASDAQ 4,424.7040 -7.4420 -0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs