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Image Credit: Bloomberg Quint

Singapore Airlines Shares Drop After Air India Plane Crash In Ahmedabad

  • Shares of Singapore Airlines (SIA) dropped on the Singapore Exchange after the Air India plane crash in Ahmedabad.
  • SIA holds a 25.1% stake in Air India.
  • Shares of SIA settled at SGD 6.94 on Friday, showing a 1.28% decrease from the previous close.
  • Air India's Boeing 787-8 Dreamliner crashed during a flight from Ahmedabad to London Gatwick, resulting in a single survivor out of 242 individuals on board.
  • The Directorate General of Civil Aviation (DGCA) ordered enhanced safety inspections of Air India's Boeing 787 Dreamliner fleet powered by GEnx engines following the crash.
  • The DGCA directed Air India to conduct additional maintenance actions on its Boeing 787-8 and 787-9 planes equipped with Genx engines immediately.

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