Boeing shares fall nearly 8% after plane crash

AWANI

Shares of planemaker Boeing fell nearly 8% after an Air India aircraft with 242 people on board crashed just minutes after taking off from Ahmedabad. At least 30 bodies have been recovered, with the death toll expected to rise.

Transcript

00:00Shares of planemaker Boeing fell nearly 8 percent in pre-market U.S. trading on Thursday

00:06after an Air India aircraft with 242 people on board crashed minutes after taking off

00:12from India's western city of Ahmedabad.

00:16Authorities have recovered at least 30 bodies, but the death toll is expected to rise.

00:21The plane was headed for Gatwick Airport and had crashed in a civilian area nearby.

00:27It is not immediately clear what caused the crash, but Boeing said it's aware of initial

00:32reports and it's working to gather more information.

00:36The incident comes as the planemaker tries to rebuild trust related to safety in its jets

00:41and ramp up production.

00:43It has also been facing headwinds over the past months from U.S.-China trade tensions, which

00:49have disputed deliveries and increased supply chain costs.

00:53In early April, Boeing shares fell roughly 3 percent amid concerns over U.S. trade tariffs

00:58on steel and aluminum, and retaliating actions from China affecting aircraft deliveries.

01:04No, that's interesting.

01:17Okay?

01:18Make sure.

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