Boeing Stock Drops Nearly 8% In Premarket After Air India 787 Crash

Core Viewpoint - Boeing's shares experienced a significant decline following the crash of an Air India-operated 787-8 Dreamliner shortly after takeoff, raising concerns about the safety of its aircraft amid ongoing scrutiny from past incidents [1][2]. Group 1: Stock Performance - Boeing's share price fell to $196.85 in early trading, representing an 8% decrease from the previous day's close [2]. - The stock's decline was triggered by the crash of Air India flight AI171, which involved a Boeing 787-8 Dreamliner [2]. Group 2: Incident Details - The crashed aircraft, a Boeing 787-8 with registration number VT-ANB, was delivered to Air India in 2014 [3]. - Air India confirmed that the flight was carrying 242 individuals, including passengers and crew, but details regarding fatalities and the cause of the crash remain unclear [2][5]. - Initial flight data indicated that the plane reached a barometric altitude of 625 feet before descending rapidly at a rate of 475 feet per minute [5]. Group 3: Air India Context - Air India, recently acquired by the Tata Group, has been expanding its fleet significantly, announcing plans to purchase 470 new aircraft in 2023, which includes 290 Boeing jets [4]. - The order encompasses 20 new Boeing 787 Dreamliner jets, despite previous production issues affecting this model [4].