&w=3840&q=100)
Boeing shares fell nearly 8% in premarket US trading after Air India plane crash
Boeing's shares were down about 7.5% at $197.82 in premarket US trading after an Air India aircraft with 242 people crashed minutes after taking off from Ahmedabad read more
The logo of Boeing company the manufacturer of the Air India plane that crashed in Ahmedabad
Shares of planemaker Boeing fell nearly 8% in premarket U.S. trading on Thursday after an Air India aircraft with 242 people crashed minutes after taking off from India's western city of Ahmedabad.
India's federal health minister said 'many people' were killed in the crash. The plane was headed to Gatwick Airport in the UK, with police officers saying it crashed in a civilian area near the Ahmedabad airport.
Aviation tracking site Flightradar24 said the plane was a Boeing 787-8 Dreamliner, one of the most modern passenger aircraft in service.
STORY CONTINUES BELOW THIS AD
It was not immediately clear what caused the crash. Boeing said in a statement it was aware of initial reports and was working to gather more information.
More from Business
How Indian fintech startups are driving Malaysia's UPI-like digital payments revolution
Boeing's 787 is a newer series of jets with a solid safety record and no fatal crashes. While battery issues once grounded the fleet, no injuries were reported.
The news comes as the planemaker tries to rebuild trust related to safety in its jets and ramp up production under new Chief Executive Officer Kelly Orthberg.
Boeing's shares were down about 7.5% at $197.82 in premarket trading.
'It's a knee jerk reaction (to the incident) and there's revised fears of the problems that plagued Boeing aircraft and Boeing itself in recent years,' said Chris Beauchamp, analyst at IG Group.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
25 minutes ago
- Indian Express
As Air India plane crash probe begins, key questions investigators likely to prioritise
As the investigation into the crash of Air India's Boeing 787-8 begins, the world has its sights set on the probe as scores of Boeing 787 aircraft are operating across the globe. Every serious aviation accident, however tragic, leaves in its trail critical lessons for the global aerospace and aviation industry to help avoid recurrence.
The Hindu
30 minutes ago
- The Hindu
India, China agree to expedite resumption of direct flights as ties improve
India and China have agreed to expedite the resumption of direct air services and step up communication, the two countries' Foreign Ministries said on Friday (June 13, 2025), as Beijing and New Delhi continue to mend bilateral ties. The Ministries' statements came after a meeting on Thursday (June 12, 2025) of Indian Foreign Secretary Vikram Misri and Chinese Vice-Foreign Minister Sun Weidong, who is visiting India. The two countries reached an agreement in October regarding patrolling along their Himalayan border, thawing a standoff that began in 2020 and had strained bilateral ties, impacting areas from trade to technology to air travel. 'Mr. Sun said in the meeting that the two sides should properly handle disputes and differences, and jointly play a constructive role in maintaining international and regional peace and stability,' according to the Chinese Ministry's statement. Amid strain in ties, Foreign Secretary Vikram Misri, Deputy NSA Pavan Kapoor to reach out to U.S. administration 'The two sides agreed to continue to stabilise and rebuild ties,' the Indian Ministry's statement said. In January, the neighbours agreed to work on resolving trade and economic differences, a move expected to boost their aviation sectors.
Time of India
34 minutes ago
- Time of India
DGCA orders safety inspection on Boeing 787-8/9 fleet of Air India following deadly crash
Following a fatal crash near Ahmedabad airport, the Directorate General of Civil Aviation (DGCA) has mandated enhanced safety inspections for Air India's Boeing 787-8/9 fleet. The directive includes pre-flight checks of fuel parameters, cabin air compressors, engine control systems, and hydraulic systems, commencing June 15, 2025. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Directorate General of Civil Aviation on Friday ordered enhanced safety inspection on Boeing 787-8/9 fleet of Air India, following the deadly crash near Ahmedabad airport that left nearly 265 dead."As a preventive measure DGCA hereby directs M/s Air India to carryout following additional maintenance actions on 8787-8/9 aircrafts equipped with Genx engines with immediate effect in coordination with the concerned regional DGCA offices," said the official statement of DGCA.1. One time check before departure of flight from India w.e.f 15.06.2025, (00:00) Hrs onwardsa) Inspection of Fuel Parameter Monitoring and associated system checks.b) Inspection of Cabin air compressor and associated systems.c) Electronic Engine Control-System Test.d) Engine Fuel Driven Actuator-Operational Test and oil system check.e) Serviceability check of Hydraulic system.f) Review of Take-off parameters.2. 'Flight Control Inspection' to be introduced in transit inspection till further notice.3. Power assurance checks to be carried out within two weeks.4. Closure of maintenance action based upon the review of repetitive snags during the last 15 days on B787-8/9 aircraft at the report of the above checks is to be submitted to DGCA for review.
