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Boeing Drops After Reports Dreamliner Caught Fire at Heathrow

July 12 (Bloomberg) -- Boeing Co. dropped as much as 6.8 percent after the U.K.’s Sky TV reported a parked 787 Dreamliner had caught fire at London’s Heathrow Airport.

Sky TV showed the Ethiopian Air plane being sprayed with foam. No passengers were on board.

Dreamliners around the world were ordered parked in January after two battery meltdowns, the first such grounding in the U.S. for an entire model since 1979. Among the eight Dreamliner operators, Ethiopian Airlines Enterprise began flying again in April while Qatar Airways Ltd., Air India Ltd. and United Continental Holdings Inc. resumed service in May.

Boeing fell as low as $99.60 and dropped 5.3 percent to $101.25 at 12:31 p.m. in New York.

To contact the reporter on this story: Jennifer Sondag in New York at

To contact the editor responsible for this story: Jennifer Sondag at

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