India Plane Crash Drags Down Boeing (BA) Shares

We recently published a list of Investors Are Dumping These 10 Stocks. The Boeing Company (NYSE:BA) is one of the worst-performing stocks on Thursday.

Shares of Boeing dropped by 5.94 percent at intraday trading on Thursday at $201.28 apiece as investors sold off positions following a plane crash in India.

An Air India aircraft, using the 787-8 Dreamliner manufactured by The Boeing Company (NYSE:BA), crashed in Ahmedabad on Thursday, killing 240 people onboard. The aircraft was reportedly bound for London.

India Plane Crash Drags Down Boeing (BA) Shares

A commercial jetliner parked at an airport, reflecting the companies success in aviation.

The crash raised safety concerns on The Boeing Company (NYSE:BA), especially with the 787-8 Dreamliner aircraft said to be the aviation industry’s “best-selling passenger widebody of all time,” that successfully carried more than 1 billion passengers since it was first delivered in 2011.

The Boeing Company (NYSE:BA) said that it was already in contact with Air India about the crash and stands ready to support them.

“Our thoughts are with the passengers, crew, first responders, and all affected,” it said.

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