US Edition
Boeing shares fall 8% after Air India Dreamliner jet crashes
- A Boeing 787 Dreamliner operated by Air India crashed in Ahmedabad, India, on June 12, shortly after takeoff with over 240 people aboard.
- The crash occurred amid Boeing's ongoing challenges following two fatal 737 MAX crashes in Indonesia in 2018 and Ethiopia in 2019 that killed 346 people overall.
- Despite repeated production suspensions and financial losses, Boeing secured $96 billion in orders last month for 787 and 777X jets from Middle Eastern customers, including Qatar.
- This incident represents the first deadly crash of the 787 Dreamliner since its introduction in 2009, and following the report, Boeing’s stock experienced a decline of over 5% in early trading.
- The crash highlights Boeing's continued safety scrutiny and financial strain, as it faces an extended recovery amid unresolved causes and prior legal settlements over safety violations.
259 Articles
259 Articles
In 2024 there were seven fatal accidents and 244 victims, according to the IATA Safety Report. But the risk per passenger remains low, and the industry continues to improve in the long term...
The crash of a Boeing 787 passenger plane in India minutes after it took off on Thursday is re-focusing on a besieged manufacturer, although it is not clear at the moment why the aircraft crashed.Air India's 787 aircraft crashed in the northwestern city of Ahmedabad with more than 240 people on board shortly after takeoff, authorities said. It was the first fatal accident since the plane, also known as the Dreamliner, went into service in 2009, …
No resident of Ahmedabad will forget this Thursday’s dramatic devastation scene in this town in the Indian state of Gujarat. A few minutes from takeoff, an Air India Boeing 787-8 Dreamliner headed for London Gatwick fell into a residential neighborhood, bursting into a fireball that reduced several buildings to rubble and left more than 260 dead according to the latest figures. Among the deceased were resident doctors sleeping in the BJ Medical …
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