FAA grounds Boeing’s Dreamliners

Boeing suffers another blow after the US Federal Aviation Administration orders airlines to stop flying 787 Dreamliners until a fire risk linked to the plane’s lithium batteries is resolved. This comes after Japan’s two biggest airlines grounded their fleets after smoke possibly stemming from a faulty battery forced an emergency landing. A passenger on the Tokyo-bound flight was quoted as saying he “smelled something strange” after take-off. The FAA’s announcement means 30 of the world’s 50 Dreamliners are now grounded. The series of mishaps dents investor confidence in Boeing, which saw its shares plunge 3.4 %in New York on Wednesday.

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