Boeing shares plunge nearly 8% after a fatal Air India 787 Dreamliner crash in Ahmedabad kills 247. Market value drops by £7.1B ($9B) amid renewed safety concerns and investor uncertainty.

The selloff followed yesterday’s crash of Air India Flight 171, a Boeing 787-8 Dreamliner, that departed from Ahmedabad en route to London. The aircraft was carrying 242 people, including 12 crew members. The tragedy has once again put Boeing’s safety record in the spotlight, intensifying pressure on the aircraft manufacturer.

Air India's fatal Boeing 787 crash triggers declines in aviation stocks across India and the US, as investor sentiment turns cautious ahead of the Paris Air Show