I flew Emirates last week, and the preflight announcement about electronic devices said use of all devices was ok, except Galaxy Note 7 which need to stay turned off during the whole flight. I can't imagine much worse PR, when yoir products are routinely called out by neutral third parties for being an actual hazard source.
It was also mentioned on my recent flights in the USA and Europe on various OW airlines as well. Heck even in pre-boarding announcements at the gates. Really not the publicity you want.
If the phone was powered down, it looks like this might be a chemical reaction in the batteries. Taking it out might just remove barriers between the source of combustion and flamables in the environment.
First I'm surprised Al Queda doesn't use a special OS or a virus to make phones explode on a plane. Second, it could be competitors who specifically target the Note 7 with a 0-day attack to harm Samsung's reputation.
All phones with a battery are a fire hazard if they get the wrong OS.