TradingKey - On June 12 local time, an India Airlines Boeing 787-8 "Dreamliner" crashed in Ahmedabad, a city in western India. Following the incident, Boeing's stock price fell by as much as 8% in pre-market trading on Wall Street. Although the decline narrowed after the market opened, the stock still ended the day down about 4.79%.
The Indian Airlines AI171 flight crashed shortly after takeoff, with only one survivor among the 242 people on board. At least 50 people on the ground were injured, bringing the total number of casualties to over 265. This incident marks the first fatal accident involving an Airbus A787 and occurred with a plane that had been in service for over 11 years, which was carrying approximately 125,000 liters of fuel that contributed to an extremely intense explosion.
Boeing CEO Dave Calhoun stated on June 12 that they will send a technical team to fully cooperate with the investigation led by India's Aircraft Accident Investigation Bureau (AAIB), including providing key information such as technical specifications for the Boeing 787-8 model, flight data, and maintenance records. Additionally, teams from both the U.S. National Transportation Safety Board and British authorities have been dispatched to assist in the investigation.
According to recent updates, the aircraft's black box has been located, and preliminary data indicates that the plane failed to gain altitude during takeoff; there could be abnormalities with part of its landing systems. Relevant technical analyses are currently underway.
In recent years, Boeing has faced multiple incidents, including two crashes involving its 737 MAX that resulted in a total of 346 deaths. Additionally, incidents such as a door falling off a 737 MAX 9 have raised questions in the market. This latest accident involving the 787 adds further complications. The scrutiny of Boeing's models within the global aviation industry may intensify; if investigations reveal systemic defects, more airlines may ground their fleets or adjust their routes.
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