Boeing and GE Aerospace are scaling back their public activities following the fatal crash of an Air India jetliner, with the planemaker's CEO canceling his trip to the Paris Airshow next week and GE postponing an investor day.
U.S. officials said on Thursday they have not seen any immediate safety data that would require halting Boeing 787 flights after a fatal Air India accident killed over 240 people.
Air India Flight 171 crashed Thursday moments after takeoff from Ahmedabad, India, bound for London. There were 242 people on board when the Boeing Dreamliner crashed into a residential area, killing all but one person on the flight.
US markets closed higher on Thursday, reversing earlier weakness. The stock rise in Oracle, which powered tech stocks, and a favourable inflation report buoyed the markets.
This morning's tragic crash of Air India Flight AI171, a Boeing 787-8 Dreamliner, near Ahmedabad, India, has sent shockwaves through the aerospace sector, reigniting concerns about safety and reliability at one of America's industrial giants. The incident, which claimed over 200 lives with only one reported survivor, reported by the Associated Press, marks the first fatal crash of a Boeing 787 ...
Shares of planemaker Boeing fell nearly 8% in premarket U.S. trading on Thursday after an Air India aircraft with 242 people crashed minutes after taking off from India's western city of Ahmedabad.
Thursday's deadly crash struck at Boeing's most ambitious and one of its most commercially successful jet programs — a coveted airplane that airlines the world over gladly wait years to receive.
The Boeing 787 Dreamliner, packed with 242 people on board, barely cleared the rooftops of the residential neighborhood just beyond the runway in the crowded Indian metropolis of Ahmedabad.
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