Boeing Shares Fall 8% After Air India 787 Crash Near Ahmedabad

Shares of Boeing plunged nearly 8% in premarket trading following the crash of an Air India Boeing 787-8 Dreamliner near Ahmedabad, India, shortly after takeoff with 242 people on board. The aircraft, bound for London's Gatwick Airport, crashed in a civilian area, resulting in multiple fatalities, though exact casualty numbers remain unclear. Boeing acknowledged the incident and stated it is gathering more information as investigations continue. The crash has heightened concerns over Boeing's safety reputation, which the company has been working to restore after previous deadly incidents involving the 737 Max. The downturn also affected Boeing suppliers, including GE Aerospace and Spirit AeroSystems Holdings, due to their connection with the aircraft's engines and parts. This event comes just days before the Paris Air Show, where Boeing and Airbus compete for airline orders, adding pressure on the manufacturer amid ongoing efforts to expand and modernize airline fleets like Air India's.