Boeing Shares Plunge After Air India Crash—What’s Next for the Aviation Giant?

Boeing’s stock dropped nearly 8% in premarket trading after an Air India Boeing 7878 Dreamliner crashed near Ahmedabad minutes after takeoff. The aircraft, bound for London Gatwick Airport, was carrying 242 passengers and crew when it went down in a civilian area near the airport.

Key Highlights:

Stock Impact: Boeing shares fell to $196.52, reflecting renewed concerns over safety and reliability.
Crash Details: The aircraft crashed five minutes after takeoff, with authorities still investigating the cause.
Company Response: Boeing acknowledged the incident, stating it is working to gather more information.
Market Reaction: Analysts describe the stock drop as a kneejerk reaction, citing past safety concerns.

Outlook:

The crash comes at a critical time for Boeing, just days before the Paris Air Show, where it competes with Airbus for major orders. Investors are watching closely for official findings on the crash, as well as Boeing’s response strategy. If investigations reveal technical faults, the company could face further scrutiny, impacting future sales and regulatory oversight.

Sources: Indian Express, MSN