Overview
- HAL chief DK Sunil said at a security summit that Tejas has no safety problem and the Dubai incident will not affect the fighter’s future.
- HAL earlier described the accident as an isolated event arising from exceptional circumstances.
- Market reaction softened as HAL shares edged up about 1% after an initial fall of up to 8.5% and a post-crash decline of roughly 4%.
- The IAF identified the pilot as Wing Commander Namansh Syal and reports say the jet failed to recover from a low‑altitude negative G‑turn during its aerobatic routine.
- Tejas represents about 44% of HAL’s order book, and the Dubai crash is the second recorded loss of the type since induction.