Air India crash puts Boeing bosses
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The crash happened just weeks after the company cut a deal with the U.S. government to avoid taking criminal responsibility for a pair of deadly crashes in 2018 and 2019.
Even before Thursday, investors were in for a long journey. The aerospace company expanded its total debt by more than 400% during the pandemic.
A Boeing 787 Dreamliner crashes in Ahmedabad, marking the first fatal accident for the aircraft. Air India flight AI171 from Ahmedabad to London was involved. Details on the incident and impact.
Last year, the F.A.A. said it was also investigating claims by a Boeing engineer that parts of the fuselage, or body, of the Dreamliner were improperly fastened together, which the whistle-blower said could cause premature damage to the plane over years of use.
Boeing share price plunged by 7% in pre-market US trading after an Air India aircraft with more than 200 people crashed near the airport in Ahmedabad. The aircraft involved was Boeing 787-8 Dreamliner, according to Flightradar data. The plane was headed to Gatwick airport in the UK. Boeing shares fell 7% to $200 in pre-market trading.
Viswashkumar Ramesh, 40, the sole survivor of Air India Flight 171, is among the ranks of those spared by fate.