The 787 Dreamliner seems to loom large whenever Boeing Co. reports its financial results, and Wednesday’s earnings teleconference should follow the pattern.
That’s because, once again, the aerospace giant’s quarterly check-in with investment analysts and media comes on the heels of a fire on one of the high-tech but glitch-prone jetliners.
British investigators have focused on the Ethiopian Airlines 787’s emergency locator transmitter as the cause of or contributor to a July 12 fire at London’s Heathrow Airport, which badly damaged the jet’s upper rear fuselage, a section of the plane Boeing makes in North Charleston.
The U.K. Air Accidents Investigation Branch has recommended airlines disable the Honeywell-made battery-powered transmitters while the devices are examined. That same day, a Japan Airlines 787 bound for Tokyo turned around and landed without incident in Boston after a maintenance light came on in the cockpit, indicating a possible fuel pump problem.
The Federal Aviation Administration grounded the Dreamliner for more than three months earlier this year after a pair of smoky battery malfunctions on Japanese-owned 787s.
Meanwhile, the North Charleston plant continues production, last week rolling out the first 787 for Chile-based LAN Airlines, the local assembly factory’s fifth customer.
Boeing’s earnings will be released at 7:30 a.m. Wednesday, and the executive commentary and Q&A begins at 10:30 a.m. Check postandcourier.com afterward for coverage of the call.
Charleston restaurants continue to pile on the national accolades, with Oak Steakhouse is the latest to reap the rewards.
The Daily Meal, an online dining news service, named the Broad Street dining establishment one of the top 20 places to cut into a ribeye or New York strip in America. It came in at No. 15. Cut in Beverly Hills, Calif., took the top spot.
This is what the Daily Meal had to say about Oak and its chef: “Chef Jeremiah Bacon, who’s spent time in kitchens including New York’s Le Bernardin and Per Se, might have a porky last name, but at his Charleston steakhouse, it’s the beef that’s the star of the show. ”
Engineering a sale
More than two years after selling to a California outfit, a onetime South Carolina civil engineering business has sold off the real estate at two of its Palmetto State locations, including one in North Charleston.
An affiliate of ElmTree Funds, a St. Louis-based commercial real estate investment firm, purchased the 16,000-square-foot URS Corp. building at 4016 Salt Pointe Parkway, near Leeds Avenue and U.S. Interstate 526 for $2.1 million. The sale closed June 27, county property records show. On a per square foot basis, ElmTree’s ET Charleston ENG LLC paid about $137.
The seller, River View Office Building LLC, was affiliated with B.P. Barber & Associates Inc., a former Columbia engineering firm specializing in water and wastewater infrastructure that URS acquired three years ago. B.P. Barber built the North Charleston building in 2004.
URS, which is headquartered in San Francisco and has eight South Carolina locations, still occupies the Salt Pointe property, as well as its 42,019-square-foot Midlands office ElmTree bought for $4.75 million.
Tickets for the one of the hottest food event in Charleston will soon go on sale.
The annual ticket launch party for the 2014 BB&T Charleston Wine + Food Festival will be available Sept. 18 on the festival’s website, www.charlestonwineandfood.com.
The launch party is set for 5:30-7:30 p.m. that night at the newly opened Mixson Bath & Racquet Club near Park Circle in North Charleston.
As in previous years, the event schedule will go up online approximately one week before the ticket launch date to allow guests to plan their weekend.
Launch party tickets will be available to buy on the festival website in early August at $40 a pop.