GS Yuasa, ANA Advance on Nikkei Report 787 Flights to Restart

GS Yuasa Corp. (6674) and ANA Holdings Inc. rose in Tokyo trading after the Nikkei newspaper reported that U.S. regulators plan to lift a ban on Boeing Co. (BA) 787 flights as early as this month.

The Federal Aviation Authority has notified some Japanese officials of its intentions, the Nikkei reported today without identifying a source. Japan’s transport ministry is expected to lift its own ban after the FAA, allowing Japanese carriers to resume flights in June, it said.

GS Yuasa, the battery maker for the 787, rose the most in more than three years while ANA jumped the most in more than five months after the report. The U.S. FAA will decide “very soon” whether to allow Boeing’s 787 Dreamliner back in the air, Administrator Michael Huerta said this week. The planes have been grounded since Jan. 16.

ANA, the first airline to operate the Dreamliner, is awaiting approvals from the U.S. and Japan aviation bureaus, Ryosei Nomura, a spokesman, said by phone today. The airline hasn’t decided on resuming flights from June, he said.

GS Yuasa rose as much as 11 percent, the most since June 17, 2009. The stock changed hands at 415 yen, up 8.4 percent, as of 9:54 a.m. in Tokyo. ANA gained as much as 5.1 percent and was up at 3.6 percent to 204 yen.

To contact the reporter on this story: Kiyotaka Matsuda in Tokyo at kmatsuda@bloomberg.net

To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net

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