
Boeing shares fall 8 pc after AI plane crashes
Aviation tracking site Flightradar24 said the plane was a Boeing 787-8 Dreamliner, one of the most modern passenger aircraft in service.
The plane was headed to Gatwick Airport in the UK, Air India said, while police officers said it crashed in a civilian area near the airport, without specifying whether there were any fatalities.
It was not immediately clear what caused the crash. Boeing said in a statement it was aware of initial reports and was working to gather more information.
The news comes as the planemaker tries to rebuild trust related to safety in its jets and ramp up production under new Chief Executive Officer Kelly Orthberg. Boeing's shares were down about 8 per cent at $196.52 in premarket trading.
"It's a knee-jerk reaction (to the incident) and there's revised fears of the problems that plagued Boeing aircraft and Boeing itself in recent years," said Chris Beauchamp, analyst at IG Group. — Reuters

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Times of Oman
3 days ago
- Times of Oman
AI 171 crash: Air India refutes allegations of forcing bereaved families to declare financial dependency
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Observer
5 days ago
- Observer
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Times of Oman
30-06-2025
- Times of Oman
Dreamliners are safe, says Oman Air CEO after India crash
Muscat: In the wake of a recent Boeing 787 Dreamliner crash in India that killed nearly 300 people and raised fresh questions about aircraft safety, Oman Air CEO Con Korfiatis has firmly reassured the public that the airline's Dreamliner fleet remains fully safe and operational, following a thorough internal review and close engagement with aircraft manufacturer Boeing. 'The Dreamliner is a highly credible aircraft that has been flying safely for many years,' he said. 'We've been in contact with Boeing and, while no definitive findings have been released from the crash investigation, there is no evidence at this time suggesting a fleet-wide concern.' Speaking during a media briefing in Muscat to announce Oman Air's official entry into the oneworld alliance, Korfiatis addressed the growing attention around wide-body aircraft safety, particularly the 787 series used by many global carriers, including Oman Air. 'Safety isn't just a priority — it's the foundation of everything we do,' he said. 'Following the incident in India, we conducted our own internal safety review. That's standard practice for us — and we do it with or without an external event triggering it.' He added that Oman Air's systems are routinely audited, both internally and by national and international regulators, and that the industry responds with exceptional speed and coordination when incidents occur. 'This is a tightly regulated, globally connected industry. When something like this happens, the entire ecosystem — from regulators to airlines to manufacturers — works in real-time to assess and act,' Korfiatis said. 'If there had been any actionable concerns, rest assured, they would have been addressed.' Oman Air's Boeing 787 Dreamliners serve as the cornerstone of its long-haul network. Korfiatis closed with a clear message for passengers: 'Our Dreamliners are safe, and our commitment to operating at the highest safety standards remains absolute.'