New Delhi, June 14 — Boeing witnessed a sharp 7% decline in pre-market trading on Friday after a tragic Air India plane crash occurred in Ahmedabad. The incident, which resulted in multiple fatalities and injuries, has triggered widespread concerns about aircraft safety and placed the American aerospace company back under intense global scrutiny.
The aircraft, reportedly a Boeing model, crashed shortly after taking off from Sardar Vallabhbhai Patel International Airport on the morning of June 13. Emergency services responded swiftly to the scene, and a detailed investigation is now being carried out by the Directorate General of Civil Aviation (DGCA) and other relevant authorities.
Although the exact cause of the crash is yet to be officially determined, preliminary inquiries have been launched to examine possible mechanical faults or operational issues. Boeing is said to be extending full technical assistance to Indian aviation regulators and Air India.
The market reaction was immediate, with Boeing shares falling by 7% during early U.S. trading hours. The dip reflects growing investor unease over the possibility of renewed safety concerns, regulatory hurdles, and long-term reputational damage.
“A sudden drop in Boeing’s stock shows that investors are anticipating serious repercussions,” said financial analyst Meera Khanna. “If the investigation points to a technical flaw, the company may face another round of global scrutiny and legal challenges.”
The incident is a significant setback for Boeing, which has been working to restore its image following previous safety controversies. The company had only recently regained operational confidence from global regulators after being involved in past aviation disasters.
Air India has confirmed the incident and expressed condolences to the families of the victims. In an official statement, the airline stated that it is fully cooperating with investigators and Boeing to uncover the root cause of the accident. Support is also being extended to affected passengers and their families.
Regulators worldwide are closely observing the developments. Depending on the findings of the probe, additional inspections or operational restrictions could be imposed on similar aircraft models. The aviation industry at large is on alert, as safety assessments of Boeing planes may intensify in several regions.
Market watchers believe that the full financial and operational impact will become clearer once more details about the crash emerge. In the meantime, Boeing’s immediate concern will be managing its response and restoring public trust in its aircraft.
Boeing has yet to issue a comprehensive statement, but initial reports indicate that its technical experts are already in contact with local authorities. Updates on the investigation are expected in the coming days.
The Ahmedabad crash stands as one of the most severe aviation accidents in India in recent times. As authorities continue their inquiry, questions over aircraft safety and manufacturer accountability are once again at the forefront of global aviation discourse.
