FAA Bans Galaxy Note 7; Samsung Shares Drop

Some reputable business airlines such as Virgin Australia and Jetstar have asked customers not to charge or use their Galaxy Note 7 smartphones during flights.

This comes after reports of battery problems with the unit surfaced due to some units catching fire during or after charging. 

The FAA have included in a statement that following the concerns about the new Samsung Galaxy Note 7, the agency greatly advised passengers not to turn on or charge these devices on board aircraft and not to stow them in any baggage that are checked in.

There's also been numerous reports of the smartphone batteries exploding while en route to customers.

Images of burned Galaxy Note 7s have been posted on social media, and according to the company, 35 seperate incidents have resulted in the smartphone catching fire.

After Samsung recalled 2.5 million of the warerproof smartphones in ten countries last week due to faulty batteries, they said they would speed up the process of replacing these units to ease safety concerns.

This unusual singling out of the smartphone as a potential airborne fire hazard had investors wiping off more than $10 billion from Samsung Electronics Co.'s market value. While shares in South Korea went down 3.9 percent and despite the safety concerns about the Galaxy Note 7, Samsung has been holding up relatively well. 

As the result of the event, Samsung said it plans to expedite new shipments of Galaxy Note 7 with safe batteries. The company is also offering $25 gift cards to U.S. Galaxy Note 7 owners .

Some people have stayed faithful in South Korea, where the phone was launched on August 19. Carrier shops claimed no cancellations of Galaxy Note 7 orders have been made despite the recalls. A staff member at an SK Telecom Co. shop in Seoul says only calls from customers asking to exchange their devices have been made, but no cancellations so far.

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