In the latest trading session, Boeing (BA) closed at $203.75, marking a -4.79% move from the previous day.
Air India Flight 171 crashed Thursday moments after takeoff from Ahmedabad, India, bound for London. There were 242 people on board when the Boeing Dreamliner crashed into a residential area, killing all but one person on the flight.
Shares of planemaker Boeing fell nearly 8% in premarket U.S. trading on Thursday after an Air India aircraft with 242 people crashed minutes after taking off from India's western city of Ahmedabad.
Thursday's deadly crash struck at Boeing's most ambitious and one of its most commercially successful jet programs — a coveted airplane that airlines the world over gladly wait years to receive.
The Boeing 787 Dreamliner, packed with 242 people on board, barely cleared the rooftops of the residential neighborhood just beyond the runway in the crowded Indian metropolis of Ahmedabad.
The fatal crash tarnishes the Dreamliner jet's safety record and muddies CEO Kelly Orthberg efforts to ramp up production as the airplane maker scored a flurry of new orders and hit production targets in May.
Shares of aerospace giant Boeing fell on Thursday after an Air India 787 Dreamliner crashed shortly after takeoff. The flight was headed to London's Gatwick Airport.
Shares in Boeing Co (NYSE:BA, ETR:BCO) fell 8% after one of its planes crashed after take-off on a flight from India to the UK. Local authorities said they expected no-one to survive the accident, with 217 adults and 11 children on board the Air India as it crashed near Ahmedabad airport after setting off for London Gatwick.
Boeing's stock dropped after a 787 Dreamliner plane crashed in India, raising concerns over whether its recent rally may have just ended.
Air India, which the Tata Group acquired as part of the Indian government's bid to privatize the flag carrier in 2022, has signed several contracts in the past few years to expand its fleet significantly. In 2023, Air India announced plans to purchase 470 new aircraft, in one of the biggest aviation deals ever.
Boeing (NYSE: BA) stock is sinking in premarket trading, down 7.01% at press time, following a tragic Air India Boeing 787 Dreamliner crash in Ahmedabad, India.