Bloomberg Daybreak: US Edition12 Juni 2025

Breaking News: India Plane Crash with 242 People on Board

A Boeing Co. 787 Dreamliner aircraft operated by Air India that was bound for London crashed shortly after taking off in Ahmedabad, in what stands to be the worst accident involving the US planemaker’s most advanced widebody airliner.
Flight AI171 was carrying 242 passengers and crew. Video footage shared on social media showed a giant plume of smoke engulfing the crash site, with no reports of survivors.
The aircraft entered a slow descent shortly after taking off, with its landing gear still extended before exploding into a huge fireball upon impact. The crash took place in a residential area, which could mean a higher death toll. The twin-engine plane had reached an altitude of 625 feet (190.5 meters) at a speed of 174 knots, according to data from Flightradar24.
The accident extends a series of serious and fatal incidents in the civil aviation industry this year, including a mid-air collision in Washington early in 2025 between a military helicopter and an aircraft. Air India is in the middle of a strategic turnaround that includes a huge aircraft order as it seeks to tap growing demand from a rising Indian middle class.
Indian Prime Minister Narendra Modi said the accident is “heartbreaking beyond words,” according to a statement, adding that he’s been in touch with ministers and authorities assisting the salvage operation.
Boeing shares fell 7% in premarket US trading. The 787 is the company’s most advanced in-service aircraft and is popular with airlines because it is more fuel efficient thanks to its use of lightweight composite materials. Boeing said it’s “aware of initial reports and are working to gather more information.”

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