Boeing Faces Scrutiny After Fatal Air India Crash
Boeing's shares dropped 8% following a crash involving an Air India 787-8 Dreamliner. The crash, which occurred shortly after takeoff in Ahmedabad, resulted in multiple fatalities and raises concerns about the Dreamliner's safety. Boeing is gathering information as it navigates intensified scrutiny and aims to rebuild trust.
A tragic air disaster involving the Air India 787-8 Dreamliner has led to an 8% plunge in Boeing's share price during premarket U.S. trading on Thursday. The ill-fated plane, carrying 242 passengers, crashed minutes after takeoff from Ahmedabad, marking a somber blow to Boeing's safety reputation.
India's federal health minister confirmed multiple fatalities in the devastating crash near Ahmedabad airport. The aircraft was en route to Gatwick Airport, UK. Such a fatal incident could stymie Boeing's efforts, under CEO Kelly Orthberg, to restore its safety image and enhance production.
Boeing is urgently looking into the crash details, while Spirit AeroSystems and GE Aerospace, both affected suppliers, also saw share declines. Despite previous issues with the 787's batteries, this marks its first fatal crash, adding further pressure on Boeing already dealing with past challenges involving its 737 MAX jets.
(With inputs from agencies.)
- READ MORE ON:
- Boeing
- Dreamliner
- Air India
- crash
- Ahmedabad
- shares
- production
- safety
- GE Aerospace
- Safety Record
ALSO READ
European Shares Dip as Trade Court Challenges Trump Tariffs
Vani Kapoor Shares Lead at Rain-Soaked Women's Pro Golf Tour
Stars, Scandals, and Shares: A Riveting Rundown in Entertainment News
Jharkhand's Ambitious Leap in Fish Production: Aiming for 10 Tons Per Hectare
Big companies in defence sector coming to UP; production of AK203 rifle started in Amethi: PM Modi in Kanpur.
Google News