
Air India Ahmedabad plane crash: Boeing shares plunge; stock tanks 7% in pre-market trading as 787 Dreamliner crashes
Air India plane crash (PTI photo)
Air India
Ahmedabad plane crash: Boeing Company Ltd.'s stock plunged 7% during Thursday's pre-market session following Air India Boeing 787-8 Dreamliner aircraft crash shortly after take off from Ahmedabad on its scheduled flight to London.
The Boeing 787 Dreamliner features a widebody design with twin engines. This incident marks the first-ever crash of a Boeing 787 since its inception, as per the Aviation Safety Network records.
Since its launch in 2009, airlines worldwide have received over 1,000 deliveries of this aircraft model, according to information from flightradar24.
Natarajan Chandrasekaran, who heads Air India, emphasised that their immediate priority is providing assistance to the affected individuals and their family members.
Also Check |
Ahmedabad plane crash live updates
He announced via X platform that the airline established an emergency centre with a dedicated support team to assist families seeking details about their loved ones aboard the flight.
"Our thoughts and deepest condolences are with the families and loved ones of all those affected by this devastating event," he stated.
The Directorate General of Civil Aviation reported that the Air India aircraft declared a mayday alert and experienced a crash shortly after becoming airborne.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Why Walgreens Hides This Cheap 87¢ Generic Cialis
fridayplans
Learn More
Undo
The aviation regulatory body confirmed that the aircraft went down in an area beyond the airport boundaries.
"Flight AI171, operating Ahmedabad-London Gatwick, was involved in an incident today, 12 June 2025. At this moment, we are ascertaining the details and will share further updates at the earliest on http://airindia.com and on our X handle," Air India posted on X.
Multiple casualties were transported to the city civil hospital for treatment.
Dense black smoke was visible from considerable distances. Television crews managed to reach the incident site and broadcast footage of the scattered aircraft debris.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
35 minutes ago
- Time of India
Top 15 Tier-2 cities see 6% growth in home sales value in Q1 2025
The value of residential properties sold across India's leading 15 tier 2 cities showed a 6% rise to Rs 40,443 crore during Q1 2025, compared to Rs 38,102 crore in Q1 2024. PropEquity, an NSE-listed property analytics firm, reported that Lucknow led the growth amongst tier 2 cities with a 25% increase, selling 1301 units in Q1 2025. Coimbatore followed with 21% growth, Gandhi Nagar with 18%, and Mohali with 2%. The total units sold decreased by 8% to 43,781 units in Q1 2025, down from 47,378 units in the corresponding period of the previous year. "The decline in sales in tier 2 cities in January-March period is in line with trends witnessed in tier 1 cities. However, lesser supply in this quarter resulted in lower sales in tier 2 cities. State Capitals performed relatively better," said Samir Jasuja, Founder and CEO, PropEquity according to an ET repport by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Among the remaining 11 cities, sales declined in Q1 2025, with Visakhapatnam showing the steepest fall at 37%, whilst Ahmedabad and Goa experienced minimal declines of 1% each. Coimbatore achieved the highest increase in sales value at Rs 1120 crore in Q1 2025, representing 52% growth. Lucknow followed at 48%, Gandhi Nagar at 36%, whilst Mohali and Goa each grew by 17%. Ahmedabad and Bhubaneshwar both increased by 7%, and Kochi by 5%. Seven cities experienced declining sales values in Q1 2025, with Visakhapatnam showing the largest decrease at 35%, whilst Vadodara and Nagpur recorded the smallest declines at 1% each. "Demand in tier 2 cities, however, remains robust as people have shown greater preference for organised living. Urban rejuvenation efforts, improved connectivity & social infrastructure, and more importantly greater employment opportunities mainly in IT and new manufacturing hubs in tier 2 cities have further accelerated demand not only from within but also from people who have migrated to metro cities and are preferring to purchase property in their hometowns," Jasuja said. The six State Capitals - Gandhi Nagar, Jaipur, Bhubaneshwar, Lucknow, Goa and Bhopal - experienced a 5% reduction in sales but a 17% increase in sales value, comprising 25% of sales and 30% of sales value in Q1 2025.


Hindustan Times
40 minutes ago
- Hindustan Times
Air India plane crash could be India's costliest aviation insurance payout: How airline coverage works
The tragic crash of an Air India Boeing 787-8 Dreamliner on Thursday, which claimed the lives of 241 people, could end up being the largest aviation insurance payout in Indian history. Industry experts estimate the total liability could range between $211 million and $280 million (around ₹2,400 crore), reported news agency PTI. The aircraft, bound for London's Gatwick Airport, took off from Ahmedabad's Sardar Vallabhbhai Patel International Airport at 1:38 PM. Just 33 seconds into the flight, it crashed into a residential area. Of the 230 passengers and 12 crew members, only one British-Indian passenger, Vishwash Kumar Ramesh, survived the fatal incident. The flight included 169 Indian nationals, 53 British nationals, seven Portuguese citizens, and one Canadian passenger. The wide demographic range will be key in determining compensation under international aviation laws. Physical aircraft losses are estimated between $80 million and $250 million, depending on valuation factors like age, condition, and configuration, according to a report in Mint. Since the aircraft crashed into a residential apartment, there is third-party property damage liability on the operator. There might also be loss of lives in that residential apartment where the aircraft crashed,' Mint quoted Hitesh Girotra, Vice President at Prudent Insurance Brokers, as saying. While the airline has announced interim compensation of ₹1 crore for the deceased, final compensation for passengers will be determined under the Montreal Convention of 1999. According to this, the compensation per deceased passenger could be up to 1,28,821 Special Drawing Rights (SDRs), or about $171,000 (roughly ₹1.47 crore). The total loss to Air India, factoring in all categories of claims, is estimated between $211 million and $280 million. However, it is too soon to determine the total liability that the airline may face due to the widespread devastation caused by this crash. Like most global airlines, Air India does not rely on a single Indian insurer for coverage. Instead, coverage is spread across global insurance markets through a network of reinsurers. 'No single insurer bears the entire risk—coverage is widely distributed among global reinsurers, with shares as small as 1.5% to 2% and a lead reinsurer typically taking 10-15%,' said Narendra Bharindwal, president of the Insurance Brokers Association of India. 'Aviation insurance programs for major airlines such as Air India are arranged on a fleet basis and reinsured across international markets like London and New York,' he added. This model ensures that the financial impact of catastrophic incidents is absorbed across a broad global base. Mint reported that since Air India was acquired by the Tata Group, the responsibility of insurance procurement has shifted from government tenders to private mechanisms. Earlier, public-sector insurers competed in annual tenders. Now, the Tata Group has the autonomy to appoint insurers and reinsurers based on its assessment of risk and cost.

Time of India
41 minutes ago
- Time of India
Air India Crash ‘Shocking': Expert Warns Aircrafts Are Like Flying Bombs Loaded With Fuel
Aviation expert Subhash Goyal has called the tragic Air India crash in Ahmedabad 'very shocking,' raising major concerns about aviation safety in India. Goyal, who is the Chairman of the Aviation and Tourism Committee of the Indian Chamber of Commerce, warned that airplanes — especially when fully loaded with fuel — can become 'flying bombs' in case of malfunctions. Stressing that safety checks are standard and stringent in India, he noted that Air India does adhere to all protocols and that the Dreamliner involved in the crash was relatively new and well-equipped with the latest features. His statement comes amid rising scrutiny of Boeing 787 Dreamliners, after whistleblowers raised serious concerns earlier this year. As investigators begin probing what went wrong, experts and global regulators are now calling for a comprehensive review of aircraft manufacturing and maintenance standards. Stay tuned for more verified updates.#airindiacrash #subhashgoyal #aviationsafety #boeing787 #flyingbombs #airindia #ahmedabadcrash #expertreaction #toi #toibharat #bharat #breakingnews #indianews Read More