Boeing shares decline 8% pre-market after Air India crash
The Hindu
Boeing shares drop 8% after Air India crash near Ahmedabad airport, Boeing 787-7 London-bound aircraft.
Shares of North American airplane manufacturer Boeing fell 8% in pre-market trade on NASDAQ after an Air India aircraft crashed near Gujarat’s Ahmedabad airport Thursday (June 12, 2025). The private carrier informed that the London-bound Boeing 787-7 aircraft had 242 passengers and crew members combined on board. While the company is yet to make a statement, at the time of writing (6:50 a.m. ET), scrips of the Virginia-headquartered manufacturer were trading 8.02% lower at $196.83. Markets are to open at 9 a.m. ET (around 6:30 p.m. IST).
The Boeing airplane crashed within minutes after it took off from Ahmedabad airport at 1:38 p.m. The exact reason for the crash has not been learnt yet.
Read: Air India Ahmedabad-London flight crash Live Updates
News agency PTI however learnt from senior officials that the aircraft gave a mayday call to ATC after departing from Ahmedabad airport. Thereafter, the ATC received no response to their calls. “Immediately after departure from Runway 23, the Aircraft fell on the ground outside the airport perimeter. Heavy black smoke was seen coming from the accident site,” the official added.
The private carrier has stated that the aircraft was carrying 242 passengers and crew members combined, including 169 Indian nationals, 53 British nationals, 1 Canadian national and 7 Portuguese nationals.
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