The crash of Air India Flight 171 and the Israel-Iran conflict are casting a shadow over what was supposed to be a relatively upbeat Paris Air Show. Air India Flight 171 was the first-ever deadly crash of a Boeing 787 Dreamliner.
Indian authorities have ordered what they called “extended surveillance” of all Boeing 787 aircraft in the country's fleet while they investigate the cause of Thursday's crash of an Air India plane.
Boeing delivered a new 787-9 aircraft to China's Juneyao Airlines on Saturday, Chinese media outlet Yicai reported, as trade tensions between Beijing and Washington ease.
Boeing remains a dominant aerospace player with long-term upside, despite recent crises and compressed financials, as seller exhaustion and backlog support recovery potential. The technical setup is encouraging, with a breakout above $210-$215 possibly signaling renewed leadership in the Dow, though near-term volatility persists. Key triggers for turnaround include ramping up 737 production, backlog conversion, and balance sheet improvements via asset sales and debt reduction.
In a dangerous world, the U.S. might take a stronger hand to keep the defense giant on track.
Like the rest of the market, Boeing's stock suffered from the April tariff tantrum sell-off. But it's been taking flight ever since.
The crash of a Boeing 787 passenger jet in India minutes after takeoff on Thursday is putting the spotlight back on a beleaguered manufacturer though it was not immediately clear why the plane crashed.The Air India 787 went down in the northwestern city of Ahmedabad with more than 240 people aboard shortly after takeoff, authorities said. It was the first fatal crash since the plane, also known as the Dreamliner, went into service in 2009, according to the Aviation Safety Network database.
BA shares fall 4.8% after the Air India 787 Dreamliner crash, raising fresh safety concerns for its commercial airplane model.
Boeing (NYSE:BA) declined by 5% on Thursday, June 12, following the devastating crash of an Air India 787 Dreamliner, resulting in the death of 241 individuals. Although the 787 is generally regarded as a very safe aircraft, Boeing has encountered considerable scrutiny and penalties over the past year due to ongoing quality control problems, especially regarding its 737 MAX fleet.
CNBC's Phil LeBeau joins ‘Squawk Box' to report on the latest news surrounding the tragic Air India plane crash.
Investors are looking for answers regarding the Air India Boeing 787 that crashed Thursday, killing more than 240 people.
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.