Air India Boeing 787 Crash
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Boeing stock was falling Thursday after an Air India plane carrying 242 passengers and crew crashed near the western Indian city of Ahmedabad. One passenger survived the crash, The Wall Street Journal reported,
Boeing Co. Chief Executive Officer Kelly Ortberg finds himself in a familiar role — facing another crisis — this time a crash involving the company’s marquee 787 Dreamliner jet in India that killed more than 240 people.
The crash happened just weeks after the company cut a deal with the U.S. government to avoid taking criminal responsibility for a pair of deadly crashes in 2018 and 2019.
A London-bound Air India plane carrying more than 240 people crashed shortly after takeoff Thursday. Authorities said there were no known survivors.
The S&P 500 ended higher on Thursday after a strong outlook from Oracle fueled optimism around artificial intelligence, offsetting worries about tension in the Middle East and a drop in Boeing shares.
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Related: Airport shuts down after Boeing 787 with 242 aboard crashes after takeoff. Part of the plane fell on top of the dining area of B.J. Medical College, killing at least five
US stocks open down after Trump raised tariff tensions by promising unilateral tariff rates within two weeks. Boeing shares fall after a deadly crash.
U.S. equities were mixed and little changed at midday as a second inflation report this week came in lower than anticipated.