A look at Boeing's recent troubles after Air India crash
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The 787 was the first airliner to make extensive use of lithium ion batteries, which are lighter, recharge faster and can hold more energy than other types of batteries. In 2013, the 787 fleet was temporarily grounded because of overheating of its lithium-ion batteries, which in some cases sparked fires.
737 Max
The Max version of Boeing's best-selling 737 airplane has been the source of persistent troubles for Boeing after two of the jets crashed. The crashes, one in Indonesia in 2018 and another in Ethiopia in 2019, killed 346.
The problem stemmed from a sensor providing faulty readings that pushed the nose down, leaving pilots unable to regain control. After the second crash, Max jets were grounded worldwide until the company redesigned the system.
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Globe and Mail
an hour ago
- Globe and Mail
Boeing Stock (BA) Dives on Fatal Air India Crash
Boeing (BA) stock dove on Thursday after a flight involving one of its planes was involved in a fatal crash. Air India flight AI 171 plummeted to the ground shortly after takeoff from Ahmedabad, India. The flight had 242 passengers and crew on board, heading to London Gatwick Airport. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The cause of the crash is still unknown, but India will lead an investigation into the matter. The crash includes at least 30 fatalities, while survivors of the crash have been transported to hospitals to treat their injuries. BA stock was down 7.33% in pre-market trading following the crash. The shares are still up 20.9% year-to-date and 18.43% over the past year. Is BA Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Boeing is Strong Buy, based on 16 Buy, three Hold, and a single Sell rating over the past three months. With that comes an average BA stock price target of $220.95, representing a potential 3.25% upside for the shares. See more BA stock analyst ratings
Globe and Mail
6 hours ago
- Globe and Mail
Boeing Stock (NYSE:BA) Plummets in Wake of Air India Disaster
If there was one thing that aerospace stock Boeing (BA) absolutely did not need right now, it was to have its name connected with the word 'disaster.' Sadly for all concerned, that is exactly what happened as Air India Flight 171 crashed not long after takeoff. Since Air India Flight 171 was a Boeing plane, that only made matters worse for Boeing. Frightened investors pulled back, and Boeing shares plunged nearly 5% in Thursday afternoon's trading. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter No one is sure just why the jet crashed shortly after takeoff, though some reports noted that the plane's landing gear was down at the time to the point that it looked like the plane was coming in for a landing rather than just taking off. But what is known is that there were 242 passengers and crew aboard that flight, and there were no survivors. The flight from Ahmedabad to London took off around 1:37 PM local time, reports noted, and investigation has already begun into the cause of the jet's crash. The United States is actually sending a team out under the auspices of the National Transportation Safety Board, though India—being the country where the crash happened—will be leading the investigation. The Particularly Strange Part Perhaps the oddest part about this whole tragic affair is the plane itself. This was not another incident involving a 737 Max, reports note. Rather, this was a 787 Dreamliner that went down. This represents the first such incident in Boeing's history, reports note, and the history on the Dreamliner goes all the way back to 2011. You read that right: roughly 14 years of service and not a single fatal crash. Until today. Moreover, Boeing has sold over 2,500 of these planes so far, and has delivered 1,189 of them. Air India made 47 of those purchases itself. There were some issues with the Dreamliner, reports noted; back in July 2013, one caught fire on the ground after an Emergency Locator Transmitter short-circuited. Plus, 2013 also saw two planes' lithium batteries overheat, which prompted an entire change in design philosophy. The latest such incident hit last year when a 787 lost altitude abruptly, though the investigations focused on '…an involuntary forward movement in the pilot seat.' Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 16 Buys, three Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 18.43% rally in its share price over the past year, the average BA price target of $220.95 per share implies 8.31% upside potential. See more BA analyst ratings Disclosure
Toronto Sun
10 hours ago
- Toronto Sun
Boeing returns to crisis-mode as India crash poses new test
Published Jun 13, 2025 • 4 minute read The crash site of Air India Ltd. Flight 171 in Ahmedabad India. Photo by Siddharaj Solanki / Photographer: Siddharaj Solanki/ (Bloomberg) — Boeing Co. Chief Executive Officer Kelly Ortberg finds himself in a painfully familiar role as he faces another crisis, this time over a crash involving the company's marquee 787 Dreamliner jet in India that killed more than 240 people. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account In his first nine months at Boeing, Ortberg has led the company through the early stages of a turnaround. He's also navigated a cash crunch, debilitating labour unrest, a rush to overhaul the company's safety operations, and a trade war wrought by President Donald Trump against one of Boeing's biggest customers: China. But just as Ortberg looked poised to be gaining momentum and earning cautious praise for the discipline and rigor he brought to the long-troubled company, a horrifying crash of an Air India 787 bound for London served as a reminder of how swiftly confidence in the planemaker can erode. Boeing shares fell 2.2% at 9:48 am in New York, as the uncertainty sparked by tragedy continued to concern investors. Only one passenger out of the 242 people on board survived the accident, which once again associated the planemaker with safety concerns. Airlines around the globe meanwhile waited to to see if regulators would demand new inspections of 787 Dreamliner fleet, or even a grounding, though the cause of the crash remains unknown for now. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'It's a classic moment of crisis management and fast response: getting out there and sending teams to understand what happened, and just being there to reassure people,' aerospace consultant Richard Aboulafia said of the initial tasks for Boeing. 'A lot of life is just showing up.' Ortberg and Boeing commercial aircraft head Stephanie Pope spent the initial hours after the tragedy reaching out to Air India executives, 'to offer our full support,' the CEO told employees in a memo viewed by Bloomberg. The Boeing executives also scrapped plans to travel to the Paris Air Show next week, where they'd been expected to showcase Boeing's progress and unveil orders. GE Aerospace, which made the engines on the doomed Dreamliner, cancelled a June 17 investor day in Paris. This advertisement has not loaded yet, but your article continues below. 'Safety is foundational to our industry and is at the core of everything that we do,' Ortberg told employees. 'Please keep the families and loved ones affected by this accident in your thoughts.' It will take investigators weeks, if not months, to sort through the evidence and pinpoint what caused the first fatal crash for Boeing's 787 Dreamliner. That's likely to keep the spotlight on Ortberg and Boeing's safety record, rather than the progress in the factories toward returning to pre-pandemic manufacturing rates. The Air India Dreamliner rolled down almost the entire length of an 11,000-foot runway before lumbering in the air, according to data from FlightRadar24. It only gained about 625 feet of altitude before sinking to the ground with its nose up, suggesting an aerodynamic stall, said aviation consultant Robert Mann. This advertisement has not loaded yet, but your article continues below. There were several puzzling aspects, including the configuration of the plane's flight surfaces and landing gear — which wasn't retracted. 'It was clearly a case where it was not accelerating and should have been obvious early enough you just reject the takeoff,' Mann said. Investigators will examine what might have caused the loss of power — whether from a bird strike, contaminated fuel, maintenance or pilot error, or some other factor. They say it's less likely the crash was related to the design and build of the 787 itself, which had been flying for Air India for more than 11 years. Even still, for Boeing executives 'it's going to be a very tense 24 hours,' Aboulafia said. Ortberg, a low-key Midwesterner and engineer by training, came out of retirement last year to take on one of the tougher turnarounds in corporate America. Boeing was reeling from a near-catastrophe on an airborne 737 Max that spurred investigations, a crackdown by US regulators and a leadership exodus. This advertisement has not loaded yet, but your article continues below. He's kept a low public profile while preaching internally the importance of instilling a culture that emphasizes civility, respect and pride in workmanship. A working group of employees, formed to craft a statement of values, insisted on urging Boeing's workforce to 'give a damn.' Boeing customers like John Plueger, the chief executive officer of Air Lease, the largest US aircraft financier, have noticed a difference. The manufacturer's planes are arriving on time, after years of chronic delays, Plueger said in an interview last month. The company's jet factories and supply chain seem to have fewer disruptions and quality breakdowns, although they're still a concern, he said. The US planemaker even enjoyed the momentum of a record order placed by Qatar Airways during a visit by Trump, which propelled its May orders to the highest such tally in about 18 months. This advertisement has not loaded yet, but your article continues below. That momentum risks stalling as the company works to find out what role, if any, Boeing played in the crash. Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. The plane at the center of the tragedy was built during the early days of the 787 program, when Boeing was struggling with the consequences of a decision to offload much of the design and development work to suppliers in order to cut costs. The Dreamliner was the 26th to roll off Boeing's line, placing it among the 60 early aircraft that required extensive rework after they'd rolled out of Boeing's factory north of Seattle. The early turbulence of the 787 Dreamliner had faded as the carbon-composite jet settled into a mostly steady performer for carriers from ANA Holdings Inc. to United Airlines Holdings Inc. While Plueger has confidence in the company's leadership, 'Boeing is not completely out of the woods,' he said. 'It needs to consistently deliver and consistently demonstrate high quality production with no real glitches or problems or safety concerns.' — With assistance from Mary Schlangenstein. Toronto Maple Leafs Columnists Columnists Toronto & GTA Sunshine Girls
