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Air India Boeing Headed for London Crashes With 242 People

Air India Boeing Headed for London Crashes With 242 People

Bloomberga day ago

An Air India flight with 242 passengers crashed shortly after take-off from Ahmedabad, reports said. The Boeing 787 aircraft was traveling to London's Gatwick airport. Footage shared on social media showed black smoke billowing from the crash site, but there are no reports yet of fatalities or survivors. The accident extends a series of serious and fatal incidents in the civil aviation industry this year, including a mid-air collision in Washington early in 2025 between a military helicopter and an aircraft. The unprofitable carrier was acquired by the Tata Group from the Indian government in 2021. It is in the middle of a strategic turnaround that includes a huge aircraft order as it seeks to tap growing demand from a rising Indian middle class.
President Donald Trump said he plans to set unilateral tariff rates in the next one to two weeks and that trading partners could either 'take it or leave it.' Coming just a day after he announced a trade framework between Chinese and US officials, the threat cast fresh uncertainty over the outlook for global trade, weakening the US dollar and equity-index futures while boosting Asian currencies along with haven assets like Treasuries and gold. Some viewed the latest comments as an effort by Trump to ramp up urgency in talks, but others said the repeated whiplash was hurting market sentiment. 'The uncertainty doesn't help,' said Nick Twidale, chief analyst at AT Global Markets Australia. 'And his overall comments overnight have led to more uncertainty for the market rather than the clarity we were hoping for.'

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