Airline disaster: Boeing's 787-8 model plummets in India, causing stock devaluation
Breaking News: 💥 Boeing 787-8 Involved in Fatal Air India Plane Crash
The stock market's taking a nosedive this morning, thanks to a tragic accident involving a Boeing 787-8. Air India Flight 171, flying from Ahmedabad to London Gatwick, met its end shortly after takeoff.
With 242 souls on board, the plane came crashing down near a medical college and hospital in the Meghaninager district. The impact led to the tragic deaths of all passengers and crew, as well as five local hospital employees. One stubborn passenger, Ramesh Viswashkumar, managed to escape the wreckage and is now recuperating in the hospital, sharing his harrowing tale of survival.
Nationalities of the victims ranged from India (169), the United Kingdom (53), Canada (1), and Portugal (7). The crash scene yielded both black boxes – flight data and voice recorders – providing crucial insight into the horrific sequence of events. Indian authorities are spearheading the investigation, with U.S. investigators expected to lend a helping hand.
Initial investigations found no evidence of inclement weather affecting the flight. It's also noted that the aircraft had completed a prior sector from Paris to Delhi-Ahmedabad without any glitches, with the pilot issuing a Mayday signal as a last-ditch effort.
Video analysis by a former NTSB chairman points to a possible configuration issue, as the plane's landing gear seemed to be down and the flaps up at a critical moment. The correct configuration would have been reversed in such a situation.
The Air India Flight 171 disaster marks a grim milestone for the Boeing 787 Dreamliner, as it's the model's first fatal crash with passenger fatalities. Boeing's previously battered reputation took another hit last year after several plane incidents, including a door plug detaching mid-flight on an Alaska Airlines 737 Max 9. In response, Boeing settled a Justice Department case related to two fatal 737 Max crashes that took the lives of over 300 people earlier this year.
As news of the crash ripples across markets, Boeing's stock dropped by more than 4%. Other manufacturers involved in the Dreamliner, such as GE Aerospace and Spirit AeroSystems Holdings, also saw a steep decline in shares. Keep an eye on these tumultuous waters, folks – the ripples are far from over.🌊💦🌊
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