Boeing shares dropped sharply in heavy trading Friday, sandbagging the Dow Jones Industrial Average after a fire broke out at London's Heathrow Airport on one of the aerospace giant's troubled Dreamliner planes.
No passengers were aboard the Ethiopian Airlines aircraft, but the fire reminded investors of the battery problems that plagued the 787 earlier this year. Regulators in the U.S. and Japan temporarily grounded the Dreamliner before Boeing was able to put it back in the air.
The company's stock plunged more than 6 percent Friday afternoon before retracing some of those losses to finish down 4.7 percent at $101.87 a share. The steep drop accounted for virtually all of the Dow's losses, which began Friday's trading at a new record high. Volume in Boeing's shares was more than four times greater than the average over the previous 10 days.
Via Twitter, the company said it was "aware of the 787 event" in London, and that Boeing officials "working to fully understand and address this."
Major delays were expected for travelers using the airport, which is the world's busiest in terms of international passenger traffic.