Boeing jumps ahead of report on Air India crash

(Sharecast News) - Shares of jet manufacturer Boeing shot higher midweek following a report that investigators had narrowed their search into the causes of a recent Air India crash and that available data did not point to design or mechanical issues with the plane or engine manufacturer .

According to Dow Jones Newswires, officials were now focusing on the position and movement of the engine fuel control switches on board Air India flight AI171 before it crashed on 12 June, just minutes after taking off.

Typically, those switches were placed near the throttle controls and usually had safeguards so that they were not moved by accident.

As well, neither Boeing nor GE Aerospace, the maker of the engines powering the 787 jet that crashed, had yet issued an operational advisory warning.

Existing regulations would have called on them to do so in case the readings from the plane's black box had revealed any issues around defective parts of mechanical issues.

India's Aircraft Accident Investigation Bureau was expected to release its preliminary findings around 11 July, or within a month of the crash, as was usually the case.

A full report would follow within 12 months.

Separately, Bloomberg cited people familiar with the process who told it that there was no guarantee that the AAIB would publish its preliminary report this week.

However, the day before The Times of India cited a "senior commander" according to whom "what we hear is that India will make the preliminary report."

"The preliminary findings, if substantial and critical, could reshape B787 global operations," the same source told The Times of India.

As of 1803 BST, shares of Boeing were jumping by 4.67% to $228.71.