- An Air India Boeing 787 crashed soon after takeoff from Ahmedabad, India, on Thursday.
- Boeing stock fell sharply in premarket trading.
- It is thought to be the first crash involving the Dreamliner, which first flew in 2009.
Boeing stock fell sharply in premarket trading on Thursday after an Air India plane crashed in what is thought to be the first such incident involving a 787 Dreamliner.
The 11-year-old aircraft disappeared from radar shortly after takeoff from the Indian city of Ahmedabad, bound for London Gatwick Airport.
There were 242 people on board, Air India said. Rescue efforts are continuing at the crash site.
Boeing stock was set to open 7.5% lower as of 6:15 a.m. ET.
Shares closed on Wednesday at $214 and had gained almost 25% this year.
The recovery followed Boeing stock ending the year as the biggest loser of the 30 companies on the Dow Jones Industrial Average, shedding 31% last year.
Boeing had a painful 2024 following the Alaska Airlines blowout in January. Dave Calhoun stepped down as CEO in March and was replaced in August by Kelly Ortberg, an industry veteran who signaled a return to prioritizing engineering over profit.
First flown in 2009, the 787 was the first next-generation plane produced by a major aircraft manufacturer.
It followed the success of the Boeing 777, but it has faced setbacks over the years.
Boeing said in a statement: “We are aware of initial reports and are working to gather more information.”
This is a developing story, check back for further updates.
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