Key Takeaways Boeing shares will likely remain in focus after slumping to end last week following news that one of the company's aircraft was involved in an Air India plane crash.The stock staged a news-driven breakdown from a rising wedge pattern in Thursday's trading session,

The fatal crash tarnishes the Dreamliner jet’s safety record and muddies CEO Kelly Orthberg efforts to ramp up production as the airplane maker scored a flurry of new orders and hit

The Tata Group, which bought the airline three years ago, has been trying to improve operations at a time of great change in India’s aviation market.

Air India and Boeing are in the midst of significant turnarounds, but knowing the cause of the crash of Flight 171 will take a lengthy investigation.

Air India, once state-owned, has been operated by Tata Sons since 2022, after the Indian government divested the struggling airline. Natarajan Chandrasekaran, chairman of Air India, confirmed the accident in a message on X, writing that Flight 171 was “involved in a tragic accident today.”

Tata Group shares declined up to 2% in intraday trade on Friday amid weak trend in the Indian stock market and after a lethal Air India plane crash.

The fatal accident puts a halt to the planemaker’s recovery following six years of fallout from production and safety woes.

The incident follows the Air India crash in Ahmedabad when a Boeing 787-8 Dreamliner crashed minutes after taking off, killing 241 people onboard.

Following the Air India Flight 171 crash in Gujarat, Singapore Airlines' shares declined due to its stake in the airline. The Boeing 787-8 Dreamliner crashed shortly after takeoff, resulting in numerous fatalities and injuries.