financetom
Business
financetom
/
Business
/
Air India's Boeing Dreamliner Set for London Crashes After Takeoff; Shares Drop
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Air India's Boeing Dreamliner Set for London Crashes After Takeoff; Shares Drop
Jun 12, 2025 4:59 AM

07:43 AM EDT, 06/12/2025 (MT Newswires) -- A Boeing ( BA ) 787-8 Dreamliner operated by Air India and bound for the UK crashed shortly after takeoff, the carrier said Thursday, sending shares of the plane maker tumbling.

The airline said the flight took off from Ahmedabad and was headed for London's Gatwick airport. It carried 242 passengers and crew, including 169 Indian nationals, 53 British nationals, seven Portuguese and one Canadian.

"Air India is giving its full cooperation to the authorities investigating this incident," the carrier said in a social media post on X. No reason was given for the crash.

Boeing's ( BA ) shares were down 8% in pre-market US trading. "We are aware of initial reports and are working to gather more information," Boeing ( BA ) said in a statement, without giving further details.

The 787 Dreamliner surpassed flying 1 billion passengers, it said in a statement on April 30, adding that there are more than 1,175 planes in operation across at least 85 countries. The crash also comes days before the closely watched Paris Air Show, where several Boeing ( BA ) executives are set to speak on panel events and display commercial and defense aircraft.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-Blackstone emerges as frontrunner to buy Enverus, sources say
Exclusive-Blackstone emerges as frontrunner to buy Enverus, sources say
Jul 31, 2025
NEW YORK (Reuters) -Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus, which is currently owned by a rival private equity firm, sources said. Sources said Blackstone might be ready to pay as much as $6 billion for the asset. ...
World Acceptance Insider Sold Shares Worth $750,288, According to a Recent SEC Filing
World Acceptance Insider Sold Shares Worth $750,288, According to a Recent SEC Filing
Jul 31, 2025
03:03 PM EDT, 07/31/2025 (MT Newswires) -- Daniel Clinton Dyer, Executive Vice President, Chief Branch Operations Office, on July 30, 2025, sold 4,704 shares in World Acceptance ( WRLD ) for $750,288. Following the Form 4 filing with the SEC, Dyer has control over a total of 42,714 common shares of the company, with 42,714 shares held directly. SEC Filing:...
Verizon Communications Unusual Options Activity For July 31
Verizon Communications Unusual Options Activity For July 31
Jul 31, 2025
Whales with a lot of money to spend have taken a noticeably bearish stance on Verizon Communications ( VZ ). Looking at options history for Verizon Communications ( VZ ) we detected 14 trades. If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 64% with...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved