• An Air India Boeing 787 crashed less than a minute after takeoff on Thursday.
• The crash comes as both Boeing and Air India are trying to turn themselves around.
• Attorneys and aviation experts said no conclusions could be drawn until the investigation ended.

Thursday's fatal crash of an Air India Boeing 787 shortly after takeoff comes as both the airline and Boeing try to revive their public images.

After 2024 became an annus horribilis for Boeing, 2025 is crucial for the planemaker to show it is successfully overhauling its processes.

CEO Kelly Ortberg, who took over last year and has made the turnaround the centerpiece of his leadership, has scrapped plans to travel to next week's Paris Air Show, CNBC and Bloomberg reported. The event is a crucial industry showcase. Neither Boeing nor Air India responded to requests for comment from Business Insider.

On Thursday, Ortberg shared the company's "deepest condolences" to everyone affected and said a team stood ready to support the investigation.

After visiting the crash site Friday morning, Air India CEO Campbell Wilson said in a video statement, "We know that the investigations will take time but we will be fully transparent and will support the process for as long as it takes."

"Air India will continue to do everything we can to care for those affected by this tragedy, and to uphold the trust placed in us," he added.

'The crash derails Boeing stock's positive momentum'

When an Alaska Airlines 737 Max lost a door plug during a January 2024 flight, regulators capped Boeing's production of the type. A seven-week strike then shut down key facilities, further hurting revenue.

Boeing ended 2024 as the Dow Jones' biggest loser, as its share price fell 31%. Investors had been reassured by Ortberg's work to turn the company around, and the stock had risen more than 20% in 2025 before the crash.

It dropped about 4% after Thursday's crash and fell more than 3% Friday morning.

Morgan Stanley analysts said Thursday that the crash "derails the positive momentum on Boeing's stock."

Jeff Windau, a senior industrials analyst for Edward Jones, said in a research note that he expects near-term volatility and raised the possibility of enhanced scrutiny on Boeing's processes.

"However, at this time, we do not feel there will be a long-term impact to production," he added.

Air India has been working to turn itself around

Following decades of state ownership and huge losses, Air India was acquired by the Tata Group in 2022. The airline has expanded with hundreds of additional flights, flying 60 million customers to 103 destinations through 2024.

The new owners invested billions, and the airline has ordered hundreds of planes to replace its aging fleet.

In a December interview with BI, Wilson compared his work revitalising Air India to "drinking from a firehose."

He added that he thought the turnaround was close to completion, but said there were supply-chain constraints. "Until we upgrade the aircraft, then people won't believe that the transformation has happened," Wilson said.

Alan Tan, an aviation law professor at the National University of Singapore, told BI that Air India in particular would have an immediate hit to customer perception.

"But as other leading airlines facing crises have shown, these are not insurmountable," he added. "Transparency and accountability in investigations, and consistent messaging to the public, will hopefully reduce the risks of a media spectacle."

A lengthy investigation

It will take a thorough and lengthy investigation before there are answers about what caused the crash.

Attorneys who have battled Boeing in the courts were among the people BI spoke to who were hesitant to draw any conclusions.

"The fact that this tragedy involves a Boeing aircraft does not necessarily mean that there's something wrong with the actual aircraft — as distinguished from issues surrounding maintenance, or even products that are not Boeing's, such as the engines," said Robert Clifford, lead counsel for the families of victims of the 2019 Ethiopian Airlines crash, in which a 737 Max crashed shortly after takeoff, killing more than 150 people.

He added that a quick and efficient investigation is necessary to "help calm the public."

Thursday's incident was the first fatal crash and total hull loss of a Boeing 787 Dreamliner, one of the most advanced passenger jets, which entered service in 2011.

The model has faced some criticism from whistleblowers. Last year, Sam Salehpour, a quality engineer at Boeing, told NBC he observed "shortcuts to reduce bottlenecks" in manufacturing 787s. Boeing responded that it was "fully confident in the 787 Dreamliner."

On Thursday, Salehpour's attorneys urged the Federal Aviation Administration to release a report investigating his claims.

Richard Aboulafia, managing director at Aerodynamic Advisory, told BI, "It's a terrible tragedy, but I just don't see how this impacts anything [for Boeing]."

"Unless it's the unlikely event that they do find a design or manufacturing flaw, but after all these years, both for this type of aircraft and this particular aircraft, that's not normal," he added.

• Mark Cuban criticized Bluesky for becoming an echo chamber, warning it was driving some users away.
• Engagement on Bluesky has plunged since February, with far fewer daily unique users.
• Cuban questioned BlueSky's future, citing vanishing nuance and an absence of some topics.

Mark Cuban is sounding the alarm on Bluesky's declining engagement — and he's not pulling his punches.

In a series of Bluesky posts, the billionaire investor and entrepreneur criticized the platform for fostering an echo chamber that he said was driving users away and inadvertently boosting traffic back to Elon Musk's X.

"The lack of diversity of thought here is really hurting usage," Cuban wrote, linking to a Washington Post opinion piece headlined "BlueSky's decline stems from never hearing from the other side."

Once known for "great give-and-take discussions on politics and news," Cuban said Bluesky had become a monoculture where dissent was unwelcome and nuance was vanishing.

"Engagement went from great convos on many topics, to 'agree with me or you are a Nazi fascist,'" he posted.

A graph of Bluesky's unique daily posters supports his concern.

On February 28, Bluesky had more than 1 million unique users daily. Since then, engagement has plummeted, with June 7 and 8 hovering well below that peak at about 670,000 daily posters.

The Musk factor

BlueSky's rise accelerated following the election of President Donald Trump, whom CEO Musk backed financially, and after X introduced new terms of service.

Many X users migrated to Bluesky, with some 2.5 million joining in one week in November.

Some were seeking a friendlier, more open platform with less hate speech and misinformation, and more control over what content is shown in their feeds.

A startup, BlueArk, even sprang up to help users migrate their X/Twitter histories to Bluesky, porting over millions of posts and creating the illusion of continuity on a new platform.

At the time, Cuban told Business Insider he preferred Bluesky over alternatives due to its variety of content and growing engagement.

Now, some of the earliest and most visible converts, including Cuban, are questioning whether the migration created a new community, or just repackaged the same silos.

"Why would anyone stop using Twitter if the only topic that is acceptable to you is news and politics?" he asked.

Cuban also criticized the platform's culture, saying: "The replies on here may not be as racist as Twitter, but they damn sure are hateful."

Posts about AI, business, or healthcare — traditionally strong areas for Cuban — often gain little traction or were met with outright hostility, he added.

Cuban also questioned Bluesky's business model: "How does everyone suggest BlueSky survive as a business? Or do you not care?"

• A Swiss International Airlines flight to Miami landed back in Zurich after a four-hour journey.
• The Airbus A340 had "an irregularity with an engine," the airline said.
• The flight changed directions a couple of times over the ocean before circling Zurich for an hour.

Passengers expecting to travel transatlantic ended up on a four-hour flight-to-nowhere.

Swiss International Airlines Flight 64 on Monday was supposed to be a 10-hour journey from Zurich to Miami.

Passengers were already in for some disruption as it departed around an hour later than scheduled, per data from Flightradar24.

Things went smoothly until an hour and a half into the journey, when the Airbus A340 started to turn around.

The plane had not long started flying over the Atlantic Ocean before deciding to head back.

It appeared to be going toward Switzerland, then turned toward Spain, before returning to its original path.

After three hours in the air, the A340 was back in Swiss airspace. However, it then had to circle around Zurich a few times before it could land.

An airline spokesperson told Business Insider that the plane returned due to "an irregularity with an engine."

The four-engined plane involved in the incident, HB-JMH, is 21 years old.

"As a precautionary measure, the crew decided to return to the home airport in Zurich, where we have the best maintenance facilities," they added.

This is often the case in so-called flights to nowhere, where returning to a hub airport also makes it easier to re-route passengers. Those on the Swiss flight were rebooked on the fastest possible alternatives.

"We regret the inconvenience caused to our passengers," the airline spokesperson said.

Similar incidents have seen flights as long as 10 hours before returning to their original take-off point.

For example, last November, a British Airways flight U-turned when it was halfway across the Atlantic.

And after a plane crash at Toronto Airport in February, two transatlantic flights to nowhere were among dozens of planes that diverted.

• The OECD cut its forecast for US economic growth in 2025 from 2.8% to 1.6%.
• It cited President Donald Trump's tariffs, which had pushed the US import rate to the highest level since 1938.
• Global growth is also set to slow as trade tensions disrupt investment and inflation rises, the OECD said.

The US and global economy are losing steam, and a key forecaster said President Donald Trump's trade tariffs were part of the reason.

In its latest Economic Outlook, released on Tuesday, the Paris-based Organization for Economic Co-operation and Development cut its forecast for US economic growth in 2025, pointing to the fallout from the administration's trade policies. The 2.8% rate it predicted in March has now been reduced to 1.6%.

The OECD warned that these tariffs, which have pushed the effective US import rate to 15.4% — the highest since 1938 — were not only affecting US growth but reverberating across the global economy too.

Global growth was now projected to slow to 2.9% in both 2025 and 2026, down from 3.3% in 2024.

The OECD said the slowdown in growth was concentrated in the US, Canada, Mexico, and China. Growth in China, the world's second-largest economy, was expected to fall to 4.7% in 2025, down from 5% last year, and come in at 4.3% in 2026.

As of May 27, a blanket 10% tariff applies to all goods imported into the US, with some limited exemptions.

Stoking inflation

A 50% tariff on imports from the European Union were paused until July 7 amid "fast-tracked" negotiations, while steep levies on imports from China have also been put on hold.

The OECD said these policies were eroding investment, disrupting supply chains, and stoking inflation — especially in the US, where price growth is now projected to approach 4% by the end of the year.

OECD secretary-general Mathias Cormann said governments needed to work to keep markets open and preserve the "economic benefits of rules-based global trade for competition, innovation, productivity, efficiency and ultimately growth."

Chief economist Álvaro Pereira added: "Lower growth and less trade will hit incomes and slow job growth."

The organization urged governments to de-escalate tensions and roll back tariffs to avoid further damage to the global economy.

In a Monday note, Deutsche Bank economists said there were global signs of a "turbulent but sustained path toward trade de-escalation. The fallout from the US 'Liberation Day' policies — from falling approval ratings to a sell-off in US government bonds — forced a rethink in Washington. While recent court rulings could pave the way for an even more benign trade regime, they also prolong uncertainty."

The bank also expected US GDP to grow by 1.6% this year and by 1.7% in 2026 on an annual average basis.

• More Americans are searching for property in Scotland, especially the capital Edinburgh.
• Rightmove reported a 19% rise in US inquiries about homes in the UK this year.
• Trump's tariffs and economic uncertainty may be behind the rising US interest in British property.

More Americans appear to be dreaming of Scotland — not just as visitors but as prospective homeowners, according to a UK property portal.

Rightmove revealed a 19% increase in enquiries from the US about buying property in the UK since the start of 2025 compared to the same period — the highest pace since 2017.

Some 28% of US enquiries have been about Scotland — an area closely associated with President Donald Trump. That's slightly more than the proportion asking about homes in London (26%).

Rightmove did not reveal the number of queries it had received and noted that only a small percentage of all UK enquiries came from the US.

Colleen Babcock of Rightmove said that Trump's tariffs had led to "more economic uncertainty globally, and we're starting to see some of the effects of this on the UK property market — whether it's because the UK is seen as a more stable investment opportunity, or whether some buyers are considering a permanent move across the Atlantic."

Trump has long emphasized his Scottish roots. His mother, Mary Anne MacLeod, was born in a village called Tong, near Stornoway on the Isle of Lewis.

In 2006, he Trump strengthened his Scottish connection by purchasing a championship golf resort in Aberdeenshire, later opening the Trump International Gold Links. He then acquired another course in Turnberry.

Edinburgh's castle, great food, and Arthurs Walk, which were featured in the Netflix drama "One Day" have helped raise the profile of the Scottish capital.

Rising interest in Edinburgh could also reflect its lower property prices than central London, Rightmove said.

Glasgow as well as other Scottish regions including Argyll and Bute, and Fife are among those of interest to potential US buyers along with the Westminster and Kensington and Chelsea areas in London.

Glynn Gibb, regional director at real estate agent John D Wood & Co, said, "We're seeing a number of politically motivated relocations —Americans seeking greater stability abroad. There's a noticeable trend of high-net-worth individuals looking to move capital into what they see as a safe and stable market."

Gibb added: "We expect activity to build in the coming months … as more buyers make lifestyle and financial decisions shaped by the political climate in the US."

• Boeing secured a record-breaking $96 billion order from Qatar Airways during Donald Trump's trip.
• It was one of several wins this week, showing the planemaker is recovering from a troubling 2024.
• Trump's support came after tensions over Air Force One delays and concerns over a Qatari gift.

Boeing showed it's bouncing back from its turmoil as it won several victories from Donald Trump's trip to the Middle East.

On Wednesday, Qatar Airways agreed to buy at least 160 Boeing jets, in a deal the White House valued at $96 billion. It is the planemaker's largest-ever order for wide-body aircraft.

While the two CEOs signed certificates and shook hands, Trump and the Emir of Qatar applauded from behind the ornate desk. The president gave Boeing's Kelly Ortberg a pat on the back.

It's rare to see heads of state attend aircraft-order ceremonies. Trump's show of support for Boeing was a notable turn from the tensions between the two over delays in building the next Air Force One.

Receiving such a huge vote of confidence from an industry-leading airline is also a significant boost, especially since the order includes 30 Boeing 777X planes and options for dozens more.

The 777X is yet to be certified, running years behind schedule, meaning Qatar's order is a big show of faith in Boeing's future. Flight tests for the 777X had to be paused last August after damage was found on a key structure.

Several customers, including the largest, Emirates, voiced their frustrations after Ortberg then announced its launch would be further pushed back to 2026.

However, Qatar Airways has never dwelt on the delays. "Let us not cry over spilled milk," CEO Badr Mohammed Al-Meer told Business Insider last July.

Boeing is also likely to benefit from Tuesday's defense deal with Saudi Arabia, which the White House called "the largest defense-sales agreement in history," at roughly $142 billion.

These are all significant signs that the planemaker hasn't lost too much of its reputation after an ignominious 2024.

The year began with a door plug falling off a 737 Max in midair. Regulators subsequently capped Boeing's production as it works to overhaul its processes.

This week has seen progress here, too, as Boeing said it delivered 45 commercial planes last month — almost double the number in the same period last year.

Trump's change of heart

Even before Qatar Airways' order, planes were dominating the headlines around Trump's trip.

The president said Monday he would be "stupid" to turn down the Qatari royal family's proposed gift of a Boeing 747.

It has raised ethical and legal concerns, with politicians on both sides of the aisle questioning the gift. The luxurious $400 million plane would be one of the most expensive gifts ever received by the government from another country.

The timing may also raise questions about Qatar's motivation for announcing the mammoth Boeing order during Trump's visit, rather than at next month's Paris Air Show.

Trump wants the 747 to serve as Air Force One because Boeing is running years behind schedule in building the next presidential jet. He renegotiated the contract in his first term, and the planemaker has since lost billions on the project.

In February, Trump showed his frustration with the delays by touring a Qatari Boeing 747 in Palm Beach — believed to be the one now on offer.

So, his support for Boeing in Qatar shows a change of heart that will likely please the planemaker and help settle any apprehension over Air Force One.

The country's top exporter, Boeing, was also under threat from Trump's tariff plans.

Jets destined for Chinese airlines had to be sent back across the Pacific Ocean after they refused to accept them due to the trade war. On Monday, China and the US agreed to lower tariffs by 115%.

But overall, that may not be as valuable as the reputation boost provided during Trump's trip.

This week has helped the storied planemaker prove that it's moving on from the woes of 2024.