Overview

• On June 12, Flight AI171—a Boeing 787-8—crashed shortly after takeoff from Ahmedabad, killing 241 of the 242 people on board with one survivor hospitalized.
• The Directorate General of Civil Aviation has ordered enhanced safety inspections of Air India’s Boeing 787-8 and 787-9 jets equipped with GEnx engines to review critical systems and takeoff parameters.
• The Aircraft Accident Investigation Bureau has launched a formal probe into the crash, examining flight data recorders and maintenance logs.
• IndiGo and SpiceJet shares tumbled more than 5% on June 13, Boeing stock fell nearly 5% in New York, and Singapore Airlines shares dropped about 1.3%.
• Reports of a $1 billion promotors’ stake sale by InterGlobe Enterprises and a more than 10% jump in crude oil prices after Israel’s airstrikes on Iran added to the sell-off in airline stocks.