Stock prices for Boeing face pressure following Dreamliner airplane crash
Air India Disaster: A Tragic Setback for Boeing
In a heartbreaking turn of events, Air India flight AI-123, bound for London, crashed just minutes after takeoff in Ahmedabad, India. The incident occurred on a chilly Thursday, claiming lives of the 242 passengers on board, although the exact fatality count is yet to be confirmed.
The aircraft in question was a Boeing 787-8 'Dreamliner', one of the most modern passenger aircraft, struggling to gain altitude before plunging into inhabited areas and eventually detonating. Footage from social media depicts the disturbing scene.
Air India, in a tweet, expressed their concern and promised to provide further details as they emerge. The nationalities of the passengers include 169 Indians, 53 British, 7 Portuguese, and 1 Canadian, as reported by Reuters.
Smoke and wreckage could be seen near the airport, alongside images of people being carried away on stretchers and in ambulances.
Boeing's stock, initially closing at $214 in Wednesday's trading, has seen a drastic drop of over 7%, plummeting below the $200 mark. Meanwhile, the stock of engine manufacturer GE Aerospace, a common supplier for Dreamliners, also slipped by more than 4%.
Despite this catastrophe, Boeing's future prospects remain somewhat hopeful. The company is yet to publicly comment on the incident's impact on its business. At the Paris Air Show 2025, Airbus made headlines with orders and commitments for up to 238 new aircraft on the first day, while Boeing is reportedly on the brink of a significant deal with Turkish Airlines.
This potential agreement will secure a key role for Boeing in modernizing Turkish Airlines' fleet, indicating that the company remains a significant player, particularly in the widebody segment. However, it's essential to note that Airbus currently leads in total new orders announced at the event.
As the investigation into the Air India tragedy unfolds, the focus shifts to understanding the causes and assessing the long-term consequences for all parties involved. Boeing, in particular, faces a significant challenge in regaining trust and stability amidst this unfortunate incident.
- Bonus Insight: The Paris Air Show 2025, while shedding light on Boeing's promising prospects, does not indicate a direct impact or connection to the Air India disaster. The tragedy is currently not a dominant theme in airshow coverage, with the focus mainly on order announcements and new deals.
[1] Turkish Airlines on the Brink of Significant Boeing Deal (Reuters)[2] Airbus Secures 238 New Orders and Commitments at Paris Air Show 2025 (Aviation Today)[3] LOT Polish Airlines Orders 30 Airbus A220-300s (Airbus)[4] Riyadh Air's Commitment to Boeing 787-9 (Boeing)[5] ANA Holdings Places Order for 40 Airbus A321XLRs (Airbus)
- The unexpected crash of Air India flight AI-123 has led to significant financial repercussions, with Boeing's stock experiencing a 7% drop, plunging below $200, while GE Aerospace also saw a decline of over 4%.
- Despite the recent setback, Boeing's future in the investing world remains somewhat promising, as the company is on the brink of a significant deal with Turkish Airlines, which could secure a key role in modernizing their fleet.
