
Prepared to support investigation into Air India plane crash: GE Aerospace
GE Aerospace
on Thursday said it is prepared to support
Air India
and the investigation into the plane crash in Ahmedabad.
"We have activated our
emergency response team
, and we are prepared to support our customer and the investigation," a GE Aerospace spokesperson said in a statement.
The London Gatwick-bound
Boeing 787
aircraft was powered by GE engines.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched
Seeking Alpha
Read Now
Undo
"We are deeply saddened by the loss of
Air India Flight AI-171
. We extend our heartfelt sympathies to the families and loved ones of those impacted," the spokesperson said.
There were 242 people, including 12 crew members, in the Air India plane that crashed after taking off on Thursday afternoon.

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


Indian Express
35 minutes ago
- Indian Express
Boeing CEO cancels air show appearance visit after India crash
Boeing and GE Aerospace are scaling back their public activities following the fatal crash of an Air India jetliner, with the planemaker's CEO canceling his trip to the Paris Airshow next week and GE postponing an investor day. More than 240 people were killed when an Air India Boeing 787 jet bound for London crashed moments after taking off from Ahmedabad on Thursday, authorities said, in the world's worst aviation disaster in a decade. Boeing CEO Kelly Ortberg said in a message to staff on Thursday evening that he and Boeing Commercial Airplanes boss Stephanie Pope had canceled plans to attend the Paris Airshow 'so we can be with our team and focus on our customer and the investigation.' The air show, which runs from June 16 to June 20 at Le Bourget, is the global aviation industry's largest trade show, where many aircraft orders are typically placed by airlines. Ortberg had been due to attend for the first time as Boeing CEO since being appointed to lead the company out of a series of back-to-back safety, industrial and corporate crises. Aircraft engine maker GE Aerospace, whose engines were in the Boeing 787 plane, had planned an investor day on June 17 coinciding with the show. GE said the briefing had been cancelled and it would put a team together to go to India and analyse data from the crashed airplane. 'GE Aerospace's senior leadership is focused on supporting our customers and the investigation,' the company said. It said it planned to give a financial update later this month. Safety experts stressed it was too early to speculate why one of the world's most modern airliners should crash shortly after take-off. Accidents in that phase of flight are rare, said Paul Hayes, safety director at UK consultancy Cirium Ascend. Most accidents are caused by a cocktail of factors. Under globaviation al rules, India will lead the probe with support from NTSB investigators in the United States, who will in turn liaise with Boeing and GE on technical matters. The reduced attendance plans came as delegates said the crash had cast a somber mood over the air show, putting in doubt several order announcements and putting safety back in the spotlight alongside concerns over US tariffs. The world's largest aviation trade expo, running from June 16 to 20 in Le Bourget, usually gives aircraft and arms manufacturers a key stage to showcase deals and sets the tone for a global supply chain already under pressure from shortages. Boeing shares were down Friday, falling 3.8%, while GE Aerospace was down 2.4%. Boeing has cancelled some events and is unlikely to make any commercial order announcements at the show, though it will press ahead with low-key briefings on other topics, delegates said. One key expected announcement had been a potential order for dozens of Boeing jets including the 787 from Royal Air Maroc. But the airline plans no announcement at the show and this will also affect Airbus which had been expected to win sell it some 20 A220s, industry sources said. None of the companies had any comment on specific deals. Airbus CEO Guillaume Faury on Friday expressed condolences over the accident and the world's largest planemaker was expected to observe a muted tone surrounding what had been expected to be a busy week for orders to meet high demand. One delegate said business would continue but with fewer of the high-profile press conferences and in-person announcements associated with the industry's biggest commercial showcase. Another said some order announcements could be delayed until later in the year as a mark of respect for victims. 'The show will be a lot more sombre, less celebratory,' said a delegate involved in planning one such announcement, speaking anonymously because the plans have not been publicly revealed. 'The show will go ahead as planned, but it will be more subdued and with less cheerleading,' the delegate said.


Time of India
40 minutes ago
- Time of India
ETtech Deals Digest: Indian startups raise $160 million this week, up 75% on-year
Indian startups raised around $160.3 million during the week of June 7 to 13, a 74.7% jump from the $91.8 million raised during the same period last year, according to data from Tracxn . The tally also marked a 12.4% increase over the $142.7 million raised last week. Despite the rise in funding value, deal activity remained muted, with only 16 transactions recorded this week. This was less than half of the 34 deals seen in the corresponding week last year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo ETtech Top deals of the week Cred : Fintech firm Cred closed a funding round of about $72 million at a sharply reduced valuation of $3.5 billion. This marks a steep 45% cut from the $6.4 billion valuation at which the company last raised capital in 2022. Singapore's sovereign wealth fund GIC , through its investment arm Lathe Investment, led the funding. Live Events Flexiloans : New-age non-banking finance company (NBFC) Flexiloans raised around $43.8 million in a mix of primary and secondary capital. The round was led by existing investors Nandan Nilekani's Fundamentum, US-based impact investor Accion Digital Transformation, American asset management firm Nuveen, and Denmark-based asset management major Maj Invest. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Vecmocon : Deeptech startup Vecmocon Technologies raised $18 million in a funding round led by Ecosystem Integrity Fund (EIF) , with Blume Ventures and Aavishkaar Capital participating. ETtech


New Indian Express
42 minutes ago
- New Indian Express
Before crash, Air India spent years attempting a turnaround after emerging from government control
The deadly crash of an Air India flight carrying more than 240 people on Thursday arrives after years of efforts to turn around the country's flag carrier — which had been plagued by tragedy and financial losses under prior state ownership. In 2010, an Air India flight arriving from Dubai overshot the runway in the city of Mangalore and plunged over a cliff, killing 158 people out of the 166 on board. And in 2020, a flight for Air India Express, a subsidiary of Air India, skidded off a runway in Southern India during heavy rain and cracked in two — killing 18 people and injuring more than 120 others. Both of those incidents involved older Boeing 737-800 aircrafts — and occurred while Air India was still under governmental control. Indian conglomerate Tata Sons took over Air India in 2022, returning the carrier to private ownership after it was run by the state for decades. The 180 billion rupee (then worth $2.4 billion) deal was in some ways a homecoming for Air India, with roots that date back to the Tata family's founding of what was then-called Tata Airlines in 1932. It was also part of an wider effort to save the airline — which had become a money-losing, debt-saddled operation. Jitendra Bhargava, former executive director of the airline and author of 'The Descent of Air India,' said government ownership fostered an archaic work culture, outdated processes, and management by bureaucrats unfamiliar with the aviation industry. 'You are getting a recipe for disaster. And we went through it,' Bhargava told The Associated Press. As a result, he said, the company hemorrhaged money — which had a 'cascading effect' because it couldn't invest in upgrades. By the time of the Tata Sons takeover, Air India's market share was around 12% and at risk of shrinking as competitors expanded. Bhargava and other aviation experts stress that shedding government control was necessary for Air India to compete with other private rivals — and the carrier has since worked to reinvent itself by modernizing both its operations and fleet.