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As of 3:26 pm, Boeing’s shares were trading lower by 7.72% at $197.58, after a London-bound Air India flight, a Boeing 787-8 Dreamliner aircraft, crashed in Ahmedabad.
Ahmedabad Plane Crash: This is the first time a Boeing 787-8 Dreamliner aircraft is involved in a crash.
Ahmedabad Plane Crash: Shares of Boeing declined by over 8% during the pre-market session on Thursday, June 12, after a London-bound Air India flight, a Boeing 787-8 Dreamliner aircraft, crashed in Ahmedabad. As of 3:26 pm, Boeing’s shares were trading lower by over 8% at nearly $197 apiece.
This is the third straight session of a fall in Boeing’s shares. On Wednesday, Boeing stock fell 0.8 per cent to close at $214 apiece. However, the stock has been in an uptrend for the past three months and has gained 24% during the period.
‘Working To Gather More Information’, Says Boeing
In a statement, Boeing said it is aware of initial reports of the plane crash in Ahmedabad and working to gather more information even as the company’s shares tumbled in pre-market trading.
“We are aware of initial reports and are working to gather more information,” Boeing said in the brief statement.
Also Read: Who Pays In Case Of A Plane Crash? All About Travel Insurance After Ahmedabad Tragedy
Boeing has been in recovery mode for more than six years after Lion Air Flight 610, a Boeing 737 Max 8, plunged into the Java Sea off the coast of Indonesia minutes after takeoff from Jakarta, killing all 189 people on board.
Five months later, Ethiopian Airlines Flight 302, a Boeing 737 Max 8, crashed after takeoff from Addis Ababa, Ethiopia, killing 157 passengers and crew members.
The Crash Incident
The Boeing aircraft, operated by Air India, carrying 242 passengers and crew to London crashed moments after taking off from the Ahmedabad airport on Thursday afternoon. Several casualties were feared.
This is the first time a Boeing 787-8 Dreamliner aircraft is involved in a crash. However, as per reports, the Boeing 787 aircraft has a history of technical issues.
The crash comes days before the opening of the Paris Air Show, a major aviation expo where Boeing and European rival Airbus will showcase their aircraft and battle for jet orders from airline customers.
“Flight AI171, operating Ahmedabad-London Gatwick, was involved in an incident today, 12 June 2025. At this moment, we are ascertaining the details and will share further updates at the earliest on http://airindia.com and on our X handle,” Air India posted on X.
Several of the injured were taken to the city civil hospital.
Thick black smoke could be seen billowing for miles around. Some camera crews accessed the crash area and showed visuals of the wreckage.
Emergency responders reached the site promptly and have launched intensive rescue, evacuation, and firefighting operations. “We are acquiring details about the casualties,” said Deputy Commissioner of Police, Kanan Desai.
Fire tenders were rushed to the spot to douse the blaze, said fire officer Jayesh Khadia.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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