Air India crash latest test for new Boeing leadership
The Hindu
Shares of Boeing drop after Air India crash, raising concerns about safety and impact on company's reputation.
The devastating Air India crash seems certain to embroil Boeing in further rounds of negative headlines at a time when it has shown progress under new leadership.
Shares of the American plane manufacturer finished down nearly 5% on Thursday (June 12) as the pope, King Charles and the president of India expressed sorrow over the Boeing 787 Dreamliner carrying 242 people.
"Our deepest condolences go out to the loved ones of the passengers and crew on board Air India Flight 171, as well as everyone affected in Ahmedabad," said Boeing CEO Kelly Ortberg, adding in a statement that he told Air India's chairman Boeing would support the probe.
The calamity, the first deadly crash of a 787, comes just before Ortberg and other aerospace leaders converge at Le Bourget Airport for next week's Paris Air Show.
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Prior to Thursday, industry insiders expected the focus at Le Bourget to include the aviation sector's adaptation to trade tensions, the latest state-of-the-art flying technologies and the outlook for any improvement in the supply chain that has slowed deliveries from Boeing and rival Airbus.
But the crash is also certain to be a major topic of conversation, as well as a source of speculation and sobriety.
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