logo
Air India crash: Boeing 787 Dreamliner goes down in Ahmedabad, Boeing stock plunges 7% amid global safety fears

Air India crash: Boeing 787 Dreamliner goes down in Ahmedabad, Boeing stock plunges 7% amid global safety fears

Time of India12-06-2025
Air India Flight 171 goes down in Ahmedabad,
Boeing stock plunges 7%
as safety fears explode:
Boeing is once again under intense scrutiny after one of its aircraft—
a 787 Dreamliner operated by Air India
—crashed during landing in Ahmedabad, India, early today. The incident has sparked investor panic, raising global concerns over the safety of Boeing aircraft, especially the 787 model. The flight was reportedly en route from London to Ahmedabad when it suffered a critical failure during landing. Multiple emergency services were deployed to the site. As of now, details on casualties or survivors have not been confirmed publicly, but the incident has sent shockwaves through the aviation industry and rattled investor confidence in Boeing.
According to CNBC-TV18 and ForexLive, this is the first fatal crash involving a 787 Dreamliner, which makes the event particularly alarming. Boeing's share price dropped to
around $173
in early trading, marking one of the company's steepest single-day declines in months.
How much did Boeing stock drop after the crash?
Stock Reaction
: Boeing stock plunged by
7%
shortly after reports of the crash surfaced.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
default
, selected
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
Price Movement
: Shares dropped from around
$186
to
$173
within hours on
June 12, 2025
.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Linda Kozlowski, 67, Shows Off Her Perfect Figure In A New Photo
Today's NYC
Undo
Why did Boeing stock plunge after the Air India Dreamliner crash?
The sudden drop in Boeing stock is largely driven by fears surrounding the safety of the 787 Dreamliner. Over the past decade, Boeing has faced multiple setbacks with the 787 series—from battery fires to structural and manufacturing flaws. This latest crash could mark a turning point, as it has resulted in actual loss of aircraft and possibly life, though that part is still developing.
Investors are now questioning whether more regulatory actions or flight groundings could follow. Historically, similar incidents—like the two fatal crashes involving the 737 MAX—led to worldwide grounding of the aircraft and billions in losses for Boeing. The company has barely recovered from that episode, and this crash has revived those fears.
Live Events
Adding to the pressure is the fact that the Indian Directorate General of Civil Aviation (DGCA) and FAA are expected to begin a deep investigation. If any fault is found in the aircraft design, software, or Boeing's manufacturing processes, it could have long-lasting financial and reputational consequences.
What does this mean for Boeing's 787 Dreamliner program?
The crash of Air India Flight 171 puts a harsh spotlight back on Boeing's 787 Dreamliner line. Despite being touted for its fuel efficiency and long-haul comfort, the Dreamliner has been plagued by a series of technical issues. In 2023 and early 2024, whistleblowers raised alarms about loose fasteners, improper fuselage fittings, and overlooked safety inspections during assembly.
Earlier this year, the FAA launched a 90-day audit into Boeing's quality control processes after multiple reports of inconsistent safety checks. The Dreamliner was already under the microscope, and this crash could push regulators to take firmer action—possibly grounding parts of the 787 fleet until further inspections are complete.
Air India, owned by the Tata Group, had recently begun expanding its international fleet, including heavy investments in Dreamliners. Now, the Indian airline may have to reconsider its fleet strategy if public confidence doesn't return quickly.
Are analysts and regulators losing confidence in Boeing again?
Before today's crash, some analysts were starting to turn bullish on Boeing, with several firms including
Jefferies
and
Bank of America
recently raising their price targets. The appointment of
new CEO Kelly Ortberg
earlier this year was also seen as a positive step toward improving the company's safety culture.
But this new crash is testing that optimism. Industry experts warn that even a single fatal incident—especially involving a model already under scrutiny—can have huge ripple effects on orders, deliveries, and share performance.
From a regulatory standpoint, this crash could spark not only investigations in India but also a
global review of 787s
currently in service. Given the growing list of prior incidents—from battery fires in 2013 to the 2024 reports of incomplete inspections—this event might be the tipping point.
Why did the Boeing 787 crash in Ahmedabad and what do we know so far?
Flight AI 171 had just taken off from Ahmedabad, reportedly heading toward London, when it encountered trouble. According to initial reports, the pilot sent out a mayday distress call before losing contact. The aircraft then crashed into a residential building, leading to casualties both onboard and possibly on the ground. DGCA and FAA investigations are underway, and Boeing has said it's 'gathering more information.' The exact cause is still unknown, but this event has already prompted global concern over the 787 fleet.
How did the stock market react to the Air India Boeing 787 crash?
The crash triggered an immediate reaction in the stock market. In U.S. premarket trading, Boeing shares plunged 7–8%, with figures ranging from –7.5% to –8.1% reported. By the time U.S. markets opened around 11:46 AM UTC, Boeing's share price had slightly recovered, sitting at $214.00, reflecting a -0.8% intraday drop.
The impact wasn't limited to Boeing alone. Suppliers and partners also took a hit:
GE Aerospace, which makes the 787's GEnx engines, dropped ~4.7%
Rolls-Royce, another engine supplier, fell ~2.5%
Spirit AeroSystems, responsible for fuselage sections, slid ~2.9%
Is this Boeing 787 Dreamliner crash a one-off or part of a bigger safety issue?
This tragedy brings back painful memories of Boeing's troubled past, especially the 737 Max crashes in 2018 and 2019, which killed 346 people. Though the 787 Dreamliner has had a solid safety record until now, it wasn't free from scrutiny. Earlier concerns involved:
2013 battery fires, leading to a global FAA grounding of the Dreamliner fleet
2019–2024 manufacturing complaints, with whistleblowers accusing Boeing of shortcuts and quality lapses in 787 assembly
A broader cultural shift inside Boeing, where critics allege cost-cutting took priority over engineering, particularly after the McDonnell Douglas merger
This crash, being the first fatal accident involving the 787, may prompt fleet-wide inspections, depending on what the investigation uncovers.
What are regulators like the FAA and DGCA likely to do next?
The DGCA (India) and the FAA (U.S.) have both launched investigations, and their findings could have serious global implications. If any design or manufacturing flaws are discovered, it could lead to:
Temporary groundings of the 787 Dreamliner fleet
Enhanced safety inspections
New regulatory mandates
Boeing has previously undergone 90-day FAA audit plans and paid over $1.1 billion in 2024 to settle past regulatory issues linked to the 737 Max tragedies. With this new incident, global aviation safety bodies such as EASA may also become involved.
Will Boeing recover, or is this another major setback for the aviation giant?
Investor sentiment is split. Analysts from Jefferies and Bank of America had recently upgraded Boeing to a 'Buy', citing improved production discipline, delivery backlog, and better leadership under CEO Kelly Ortberg. Some saw the $260 target price as realistic.
But with the Air India crash, even optimistic forecasts are now under review. On platforms like Reddit, aviation communities are deeply divided. Some believe the drop is a "knee-jerk reaction" and a rebound could follow. Others argue trust in Boeing's long-term safety is still fragile, and this crash could reignite global skepticism.
What should flyers and investors watch for next?
The
Boeing 787 Dreamliner crash
of Air India AI 171 is a turning point. The industry is watching for:
The outcome of DGCA and FAA investigations
Boeing's internal response and possible 787 fleet reviews
Any signs of recurring safety or manufacturing flaws
How the stock market reacts in the coming days as new information surfaces
For now, Boeing's $214 share price may hold steady, but its long-term trajectory depends on whether this crash is ruled an isolated technical failure—or a symptom of deeper systemic issues.
FAQs:
Q1: What happened to Air India flight AI 171 on June 12, 2025?
Air India AI 171, a Boeing 787, crashed near Ahmedabad after takeoff, killing at least 30.
Q2: Is Boeing 787 Dreamliner safe after the AI 171 crash?
The crash has raised global safety questions, and investigations by FAA and DGCA are ongoing.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gemini Daily Horoscope Today, August 2, 2025: Patience will guide your mind right
Gemini Daily Horoscope Today, August 2, 2025: Patience will guide your mind right

Time of India

time2 hours ago

  • Time of India

Gemini Daily Horoscope Today, August 2, 2025: Patience will guide your mind right

Patience is your ally in navigating complex situations. Today may bring moments that test your ability to wait and understand. People around you may not respond as you expect, or tasks may move slower than you wish. But do not push or rush. The strength lies in staying calm when everything seems unsure. Your sharp mind can see both sides of a situation, so use that power gently. With time and trust, the answers you seek will slowly come to light. Gemini Love Horoscope Today In love, small misunderstandings may arise, but nothing too heavy if handled with patience. Do not jump to conclusions. If in a relationship, listen carefully before reacting. Sometimes your partner just needs to be heard without being fixed. If single, someone may show mixed signals. Stay calm and observe. True connection is built with time, not urgency. Let feelings develop like a slow breeze, not a storm. Your charm is best shown through steady words and sincere attention today. Gemini Career Horoscope Today At work, things may not go exactly as planned, but your adaptable nature helps you adjust. A colleague might cause some delay or confusion. Avoid blaming and focus on your part. You may have to repeat or recheck a task, but it will lead to better results. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Explore new and used vehicles across the board. Carxplore Shop Now Undo If a new project is beginning, allow time to understand it fully. Avoid trying to prove yourself too quickly. Slow, clear communication and steady effort will give you more success than rushing today. Gemini Money Horoscope Today Money matters may appear tricky today, especially if dealing with shared finances or bills. Do not sign anything in a hurry or agree to a deal without understanding the full picture. If you are thinking of a purchase, wait a day or two. You may find a better option. This is a good time to organize your accounts or speak with someone experienced about investments. Patience will protect your wealth. Remember, strong financial roots take time to grow well. Gemini Health Horoscope Today Health-wise, you may feel slight discomfort in the stomach or head due to stress. You are thinking too much, and it shows in your body. Try to slow your breath and drink water regularly. Avoid cold or fried food and stick to fresh, simple meals. Sleep on time and give your body the chance to repair itself. Avoid multitasking today. If possible, take a short walk or rest your eyes for some minutes during work. With patience, your strength returns naturally. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.

Why UAE cares so much about dates: From AED 8 million festival prizes to Golden Visas for date farmers
Why UAE cares so much about dates: From AED 8 million festival prizes to Golden Visas for date farmers

Time of India

time2 hours ago

  • Time of India

Why UAE cares so much about dates: From AED 8 million festival prizes to Golden Visas for date farmers

UAE hosts over 44 million date palms, produces 76,000 tons annually, with 160 varieties, ranking sixth globally in production In a country known globally for its steel and skyline, it's the date palm, not the skyscraper, that's emerging as the UAE's most enduring emblem. This year, that symbolism took tangible form when H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Dubai Executive Council, visited the 'Dubai Dates' exhibition, organised by the Hamdan Bin Mohammed Heritage Center. There, he announced AED 1 million in prize grants to participants, a gesture that reaffirmed the palm's place at the heart of Emirati identity, diplomacy, and food security. This was not a ceremonial walkabout, but a statement of national priority. The royal support comes at a time when the date palm is doing more than feeding tradition, it's powering small businesses, influencing immigration policy, guiding sustainable agriculture, and even inspiring global soft power diplomacy. A desert legacy with modern currency The UAE was founded in 1971, but the legacy of the date palm in this region stretches back millennia. Long before oil wealth, Bedouin tribes and early settlers relied on the date palm to build their homes, heal ailments, and shade their oases. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They Were So Beautiful Before; Now Look At Them; Number 10 Will Shock You Reportingly Undo Archaeological evidence from across the Middle East, including Abu Dhabi, shows that date farming has thrived here for over 5,000 years. In fact, in Liwa, the crescent-shaped oasis bordering the Empty Quarter, it was the backbone of survival that allowed human life to thrive in Arabia's unforgiving interior. Generations lived off this tree's fruits, fronds, trunks, and seeds. The Founding Father, Sheikh Zayed bin Sultan Al Nahyan, famously dubbed it 'the tree of life', and not as a metaphor. Today, the UAE is home to over 44 million date palms and produces 76,000 tonnes of dates annually, making it the sixth-largest producer in the world, with 160 recognized varieties. And yet, dates are more than agriculture. They are living heritage. They appear in Quranic verses, line the iftar tables of Ramadan, and are offered to guests as a gesture of welcome from Abu Dhabi to Al Ain. But now, they are also a pillar of future policy. With events like the Liwa Date Festival and the Dubai Dates festival and Exhibition, dates have gone from subsistence crop to showpiece of national ambition. A sacred fruit in sacred texts The palm's importance isn't just agricultural, it's spiritual. The Holy Quran references the date palm over 20 times, often linking it with blessings, provision, and paradise. Prophet Muhammad (PBUH) is said to have urged the faithful to break their fasts with dates, a Sunnah still widely observed during Ramadan. Scientific research has since confirmed what ancient wisdom always knew: dates are rich in vitamins, minerals, and antioxidants, making them a true superfood. In Islamic tradition, dates are given to the poor during zakat and are featured in Eid celebrations. In Judaism, palm branches are central to the feast of Sukkot, and in Christianity, Palm Sunday commemorates Jesus's triumphant entry into Jerusalem. Even Greek mythology associates the palm with Apollo, believed to have been born under one. Religiously, then, the palm is cross-cultural, pre-monotheistic, and persistently symbolic, a rare bridge between faiths in a region too often defined by division. That reverence translated directly into physical form. The first mosque in Islam, the Prophet's Mosque, was built with palm trunks and fronds. The Barasti or Areesh houses of early Gulf settlements were constructed entirely from palm components. This was not sustainability. It was survival. And it shaped an entire ethos: nothing is wasted. Every part of the tree had value. That same principle now powers the UAE's circular economy thinking and sustainability doctrine. Modern-day festivals: Revival with purpose Liwa Date Festival – The heritage anchor Held in Al Dhafra from July 14–27, the Liwa Date Festival isn't just a celebration of dates, it's a nation-building institution. Launched in 2004 under the patronage of Sheikh Hamdan bin Zayed Al Nahyan, the festival is now in its 21st year, blending tradition with innovation. Here's what makes it matter: 24 competition categories featuring varieties like Dabbas, Khalas, Shishi, Fardh, and Khenaizi AED 8 million+ in awards, incentivising quality farming and technological advancement Model farm displays showing cutting-edge irrigation and pest control Competitions for mango and lemon cultivation, highlighting crop diversification Traditional souks, crafts, date-based food products, falconry, and weaving A cultural village recreating Bedouin life, aimed at children and tourists Live auctions, where rare date clusters fetch thousands of dirhams Importantly, Liwa serves as a testing ground for food security innovation. The UAE's National Food Security Strategy 2051 is betting on smart agriculture in arid regions, and palm groves offer the perfect pilot. The trees require minimal water, survive extreme heat, and thrive in sandy soil, everything the UAE has in abundance. Liwa was also the cradle of the Al Nahyan ruling family, many of whom trace lineage to its groves. That symbolism isn't lost on a state that places lineage, land, and legacy at the centre of national storytelling. Dubai Dates Festival: Soft power and first Golden Visa for date farmers If Liwa is the spiritual home of the date palm, then Dubai is its modern showroom. The Dubai Dates Festival, held July 25 to August 1 at Qalaat Al Remaal, is now in its second edition, but has already positioned itself as a cultural diplomacy vehicle. With: 13 competition categories, including rare cultivars like Dubai Hilwa Awards for Homegrown Palm and Largest Cluster A week-long auction in partnership with Emirates Auction Heritage exhibits on pollination, irrigation, and harvesting techniques Food stalls offering sweets, syrups, and gourmet date products …it fuses commerce, education, and nation branding. It was here that two Thai women farmers, owners of Orawan Farm, home to over 5,000 fruit-bearing date palms, were awarded the UAE's Golden Visa, making them the first foreign date farmers to receive the 10-year residency. Known for creatively promoting the health benefits of dates and their cultural and religious significance in Emirati life on TikTok, their work caught the attention of officials during their visit to Dubai, where a meeting with Lt Gen Mohammed Ahmed Al Marri, Director General of GDRFA, led to a surprise nomination for the 10-year residency. It was a landmark moment. The Golden Visa typically favours entrepreneurs, scientists, and investors. Farmers have never been a category. But in recognising these two women, the UAE expanded its definition of value, from capital wealth to cultural contribution. Their case may be unique, but the message is broader: heritage is now a passport to opportunity. More than a fruit: A strategic resource The date palm continues to be vital as climate challenges intensify, thriving where many other crops struggle. No other plant has delivered so much for so little. Recognizing its cultural and environmental importance, UNESCO inscribed the traditional knowledge and cultivation of date palms on its Intangible Cultural Heritage list in 2022. Every summer, from June through October, markets flood with early-season varieties like Al Najal and Al Khatir, priced affordably and prized for their freshness. While imports from Oman, Saudi Arabia, and Iran coexist, local demand for UAE-grown dates remains high. But dates aren't just for consumption anymore: Palm trunks are reused in sustainable construction Fronds for eco-friendly fencing and baskets Date seeds processed for oils, animal feed, and even coffee substitutes Date syrup used as a natural sweetener and export product Palm hearts now appear on fine dining menus In many ways, the economy of the date is as diversified as the UAE itself. Rooted in the past, growing into the future Sheikh Hamdan's AED 1 million grant this year sends a clear message: the UAE is building a modern nation grounded in ancient wisdom amid rapid digitisation and artificial intelligence. Whether it's a golden visa for farmers, a festival that teaches children how to braid fronds, tourists learning the difference between Fardh and Khenaizi, or model farms reducing water waste, the date palm is being used as a platform for cultural preservation and strategic innovation. In the UAE, the future is vertical, but the foundation is, and always has been, rooted in the sand.

26 years after shutting down lotteries, cash-strapped Himachal makes U-turn
26 years after shutting down lotteries, cash-strapped Himachal makes U-turn

Time of India

time2 hours ago

  • Time of India

26 years after shutting down lotteries, cash-strapped Himachal makes U-turn

KULLU: Cash-strapped Himachal Pradesh is trying its luck with lottery to turn its fortunes. The cabinet has allowed lottery operations, which were shut down in 1999. Burdened with a debt of over Rs 1 lakh crore, it hopes to make a modest Rs 50 crore to Rs 100 crore annually from sale of lottery tickets. The decision to reintroduce lotteries after over a quarter century was taken in a cabinet meeting on July 31. The recommendation came from a cabinet sub-committee set up to give suggestions to boost state revenue. The move seems to be inspired by other states that run lotteries. Neighbouring Punjab earned Rs 235 crore through sale of lottery tickets during the 2024-25 fiscal while the tiny state of Sikkim made Rs 30 crore. Kerala tops the list - the southern state earned a jaw-dropping Rs 13,582 crore last fiscal. Himachal, which is finding it difficult to meet the expenses of rebuilding the damage caused by this year's landslides and flash floods, hopes to mop up some much-needed funds this way. "Many states earn through lotteries. You will be surprised to know how much Kerala earns. Himachal Pradesh govt has decided to restart the lottery system after a recommendation was made by a cabinet sub-committee," said industries minister Harshwardhan Chauhan. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo by Taboola by Taboola "We will follow the tender process to run lotteries in Himachal Pradesh, just as other states do." The decision to reintroduce lotteries in Himachal has come at a time when the state's debt stands at a back-breaking Rs 1,04,729 crore, and the per capita debt has reached Rs 1.17 lakh, the second highest after Arunachal Pradesh. To make the financial situation even worse, the revenue deficit grant, financial assistance from the Centre, has come down from Rs 6,258 crore in 2024 to Rs 3,257 crore in 2025, and GST compensation has been stopped by the Union govt. Govt is expected to introduce the bill on lotteries in the monsoon session of assembly, beginning Aug banned lotteries, both state-run and from outside, in 1999 during Prem Kumar Dhumal's tenure as chief minister. Lotteries are legal in 13 states - Punjab, Kerala, Madhya Pradesh, Maharashtra, Goa, Bengal, Mizoram, Nagaland, Sikkim, Manipur, Arunachal Pradesh, Meghalaya, and Assam.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store