We extend our deepest condolences to the families and friends affected by the tragic crash of Air India Flight AI 171 near Ahmedabad on June 12, 2025. Over 240 lives were lost, and many others—including schoolchildren and medical staff—were caught in the devastating aftermath. We pray for swift healing for the lone survivor and hope authorities provide solace and support to those suffering.
The Dreamliner departing from Ahmedabad to London crashed just 30 seconds after takeoff, hitting a medical college hostel in a residential zone. It carried 242 people (230 passengers + 12 crew). Tragically, 241 on board and at least 28 on the ground lost their lives. Only one survivor—Vishwash Kumar Ramesh, a British-Indian—remained alive. Rescue teams are working tirelessly, while investigators analyze the black box for clues.
In the wake of the accident—the first fatal incident involving the Boeing 787—Boeing shares plunged nearly 5%, with losses up to 8% in pre-market trading amid renewed safety concerns. Suppliers such as GE Aerospace and Spirit AeroSystems also fell around 3%.
Domestic carriers IndiGo and SpiceJet dropped approximately 4%, as the tragedy shook investor confidence across the aviation sector. Insurance, AMC, and broader financial stocks also drew selling, with only defensive plays like IT providing some cushion.
Authorities report a suspicious "Mayday" call before the crash. The plane reportedly experienced loss of thrust and struggled to gain altitude in Ahmedabad’s scorching heat. Investigations are underway by India’s AAIB alongside US (NTSB, FAA) and UK teams, examining flight data, engine performance, and potential mechanical or procedural lapses.
Written by Nehal Taparia
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This content is for educational and informational purposes only and is not financial or investment advice. Market dynamics described reflect real-time sentiment and evolving investigations. Always consult a certified financial advisor before making investment decisions. The author and platform are not liable for financial outcomes based on this information.
Out of 242 aboard, 241 died. Additionally, at least 28 people on the ground also lost their lives. Only one survivor remains.
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