According to a number of media reports, Boeing Co. (NYSE: BA) received approval to test fixes of its buggy 787 Dreamliner. The bugs have grounded that aircraft for two months.

The New York Times reports:

Boeing achieved a major milestone on Tuesday as the Federal Aviation Administration approved its plan to test fixes to the battery problems that have grounded its 787 jets since mid-January.

Boeing's new battery design includes better protection in case a battery catches fire. The F.A.A. could still demand changes if problems develop in the laboratory and flight tests. While Boeing hopes to begin fitting its redesigned batteries in the grounded 787 fleet by mid- to late April and resume commercial flights quickly after that, government officials are not sure that the process will move that fast.

Filed under: 24/7 Wall St. Wire, Aerospace Tagged: BA

Increase your money and finance knowledge from home

Managing your Portfolio

Keeping your portfolio and financial life fit!

View Course »

Behavioral Finance

Why do investors make the decisions that they do?

View Course »