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Bloomberg Audio Studios, Podcasts, radio news.

Good morning, I'm Nathan Hager and I'm Lisa Mateo. Here are the top stories we're following today.

Good morning, I'm Nathan Hager and I'm Lisa Mateo. Here are the top stories we're following today.

The developing story in India and Air India plane reportedly headed for London's Gatwick Airport that has now been confirmed in fact has crashed shortly after take off. Bloomberg's John Tucker joins us with the very latest.

The developing story in India and Air India plane reportedly headed for London's Gatwick Airport that has now been confirmed in fact has crashed shortly after take off. Bloomberg's John Tucker joins us with the very latest.

John, all right, this is an Air India Boeing seven eighty seven Nathan traveling from Ahmabad Airport to London's Gatwick Airport. This is flight one seventy one. It crashed shortly after takeoff. The flight was carrying two hundred and forty two passengers and crew. The airliner had reached an altitude of six hundred and twenty five feet This according to data from flight Radar twenty four no. Social media videos also show black smoke billowing from the scene. Faz Akhmad Kidwawi, the Director General of the Directorate of Civil Aviation in India, is telling the Associated Press that flight one seventy one crashed into a residential area called Megani five minutes after taking off at one thirty eight pm local time. This is a seven eighty seven Dreamliner. It's a wide body, twin engine plane and supposedly the first crash ever of a Boeing seven to eighty seven aircrap This, at least according to Aviation Safety Network Database, way way too early, Nathan, and even to speculate about a cause, No indication of any foul play, but it is worth noting we do have to note this. This comes at a time of intensified tension between India and neighboring Pakistan. And of course all morning long, stay with us right here on Bloomberg Radio. We'll bring you any update as soon as it becomes available.

John, all right, this is an Air India Boeing seven eighty seven Nathan traveling from Ahmabad Airport to London's Gatwick Airport. This is flight one seventy one. It crashed shortly after takeoff. The flight was carrying two hundred and forty two passengers and crew. The airliner had reached an altitude of six hundred and twenty five feet This according to data from flight Radar twenty four no. Social media videos also show black smoke billowing from the scene. Faz Akhmad Kidwawi, the Director General of the Directorate of Civil Aviation in India, is telling the Associated Press that flight one seventy one crashed into a residential area called Megani five minutes after taking off at one thirty eight pm local time. This is a seven eighty seven Dreamliner. It's a wide body, twin engine plane and supposedly the first crash ever of a Boeing seven to eighty seven aircrap This, at least according to Aviation Safety Network Database, way way too early, Nathan, and even to speculate about a cause, No indication of any foul play, but it is worth noting we do have to note this. This comes at a time of intensified tension between India and neighboring Pakistan. And of course all morning long, stay with us right here on Bloomberg Radio. We'll bring you any update as soon as it becomes available.

We continue to monitor the latest as well on the immigration protests in Los Angeles that have spread nationwide. Now, the downtown area of LA has been under curfew for a second night as local leaders try to stop vandalism and looting. LA County Sheriff Robert Luna is urging demonstrators to remain peaceful.

We continue to monitor the latest as well on the immigration protests in Los Angeles that have spread nationwide. Now, the downtown area of LA has been under curfew for a second night as local leaders try to stop vandalism and looting. LA County Sheriff Robert Luna is urging demonstrators to remain peaceful.

There's a big distinction between individuals that protest and demonstrate to violent, destructive basically anarchists, I mean, just creating that chaos.

There's a big distinction between individuals that protest and demonstrate to violent, destructive basically anarchists, I mean, just creating that chaos.

And as police try to keep the peace, the federal government is expanding its show of force. The National Guard is assisting US Immigration and Customs enforcement with immigration arrests, and Attorney General Pam Bondi says the administration is invoking the Hobbs Act to let federal prosecutors take over local criminal cases.

And as police try to keep the peace, the federal government is expanding its show of force. The National Guard is assisting US Immigration and Customs enforcement with immigration arrests, and Attorney General Pam Bondi says the administration is invoking the Hobbs Act to let federal prosecutors take over local criminal cases.

We're going to do everything within our legal authority to protect our law.

We're going to do everything within our legal authority to protect our law.

Enforcement officers and all the people in California right now.

Enforcement officers and all the people in California right now.

I Meanwhile, the Justice Department is asking a federal judge not to interfere with the deployment of Marines and National Guard in La. Hearing is set for this afternoon. All this as protests to other cities, including New York, Chicago, and Milwaukee. Texas Governor Greg Abbott has promised to send the National Guard to respond to protests planned in his state this week, and a curfew was declared last night in Spokane, Washington as well, in response to protests there well.

I Meanwhile, the Justice Department is asking a federal judge not to interfere with the deployment of Marines and National Guard in La. Hearing is set for this afternoon. All this as protests to other cities, including New York, Chicago, and Milwaukee. Texas Governor Greg Abbott has promised to send the National Guard to respond to protests planned in his state this week, and a curfew was declared last night in Spokane, Washington as well, in response to protests there well.

He downturns of the latest on the trade front, Nathan President Trump says he's planning to send letters to trading partners within the next two weeks to set unilateral tariff rates. That move comes ahead of a July ninth deadline to reimpose higher duties on dozens of economies once the current ninety day pause expires. President Trump spoke to reporters yesterday.

He downturns of the latest on the trade front, Nathan President Trump says he's planning to send letters to trading partners within the next two weeks to set unilateral tariff rates. That move comes ahead of a July ninth deadline to reimpose higher duties on dozens of economies once the current ninety day pause expires. President Trump spoke to reporters yesterday.

We're rocket in terms of deals. Now at a certain point, we're just going to send letters out. And I think you understand that, saying this is the deal. You can take it or you can leave it. You don't have to use it, you don't have to shop in the United States.

We're rocket in terms of deals. Now at a certain point, we're just going to send letters out. And I think you understand that, saying this is the deal. You can take it or you can leave it. You don't have to use it, you don't have to shop in the United States.

As I say, So far, the White House has only reached a yet to be implemented trade framework with the UK and a tariff truce with China and Lisa.

As I say, So far, the White House has only reached a yet to be implemented trade framework with the UK and a tariff truce with China and Lisa.

Commerce Secretary Howard Ltnix says the European Union is likely to be among the last deals the US completes. He tells CNBC the expects to see deals with other countries to start coming next week, and the week after and the week after.

Commerce Secretary Howard Ltnix says the European Union is likely to be among the last deals the US completes. He tells CNBC the expects to see deals with other countries to start coming next week, and the week after and the week after.

In his words, Japan's Prime Minister still sees a large gap between the US and Japanese stances on trade talks now, she grew. Ishaba is expected to meet President Trump on the sidelines of the Group of Seven leaders gathering in Canada starting Sunday. Ishaba says he doesn't have a particular timeline in mind for reaching an agreement.

In his words, Japan's Prime Minister still sees a large gap between the US and Japanese stances on trade talks now, she grew. Ishaba is expected to meet President Trump on the sidelines of the Group of Seven leaders gathering in Canada starting Sunday. Ishaba says he doesn't have a particular timeline in mind for reaching an agreement.

In Washington, debate continues over President Trump's big tax and spending cut bill. A top Republican negotiator says senators are considering a thirty thousand dollars cap on the state and local tax deduction that would be down from the forty thousand in the House past bill. Republican Congressman Lisa McClain of Michigan says she hopes the Senate doesn't change salt too much.

In Washington, debate continues over President Trump's big tax and spending cut bill. A top Republican negotiator says senators are considering a thirty thousand dollars cap on the state and local tax deduction that would be down from the forty thousand in the House past bill. Republican Congressman Lisa McClain of Michigan says she hopes the Senate doesn't change salt too much.

The Salt Caucus, which we have here in the House and they don't have in the Senate for obvious reasons, they've been pretty dug in. And I'm not here to say they're right. I'm not here to s they're wrong, but they've been pretty dug in, and that was one of our biggest issues in the House that just can't be touched.

The Salt Caucus, which we have here in the House and they don't have in the Senate for obvious reasons, they've been pretty dug in. And I'm not here to say they're right. I'm not here to s they're wrong, but they've been pretty dug in, and that was one of our biggest issues in the House that just can't be touched.

Michigan Republican Lisa McClain spoke on Bloomberg Television. Senate Republicans also planned to scale back some cuts to federal food aid in the House built The Senate's version would sell millions of acres of federal land to help pay for the measure. That move is expected to raise up to ten billion dollars over ten years.

Michigan Republican Lisa McClain spoke on Bloomberg Television. Senate Republicans also planned to scale back some cuts to federal food aid in the House built The Senate's version would sell millions of acres of federal land to help pay for the measure. That move is expected to raise up to ten billion dollars over ten years.

Well Hell Secretary Robert F. Kennedy Junior has named eight new vaccine policy advisors to replace the panel that he abruptly dismissed earlier this week. They include several vocal vaccine critics and one who identifies as a quote anti vaxer. The move comes as Kennedy makes major changes to how immunizations are studied and administered in the US and paves the way for a more skeptical approach to the use of shots that prevent deadly infections.

Well Hell Secretary Robert F. Kennedy Junior has named eight new vaccine policy advisors to replace the panel that he abruptly dismissed earlier this week. They include several vocal vaccine critics and one who identifies as a quote anti vaxer. The move comes as Kennedy makes major changes to how immunizations are studied and administered in the US and paves the way for a more skeptical approach to the use of shots that prevent deadly infections.

Lisa Oil is retreating this morning, following yesterday's nearly five percent gain that came after the US government ordered a partial evacuation of its embassy. In Your Rock amid rising security risks, we get more from Bloomberg News Energy reporter Anthony Depowa.

Lisa Oil is retreating this morning, following yesterday's nearly five percent gain that came after the US government ordered a partial evacuation of its embassy. In Your Rock amid rising security risks, we get more from Bloomberg News Energy reporter Anthony Depowa.

If we look at that picture, it's really that risk of something happening in terms of the Middle East and in terms of an outbreak of potential violence in the Middle East between the US and Iran, between Israel and Iran. That's really the risk that is pushing prices higher.

If we look at that picture, it's really that risk of something happening in terms of the Middle East and in terms of an outbreak of potential violence in the Middle East between the US and Iran, between Israel and Iran. That's really the risk that is pushing prices higher.

But s Bloomberg Energy reporter Anthony Depella, and this morning, the State Department is limiting travel for US embassy staff in Israel, citing regional tensions. The Middle East produces about a third of the world's oil.

But s Bloomberg Energy reporter Anthony Depella, and this morning, the State Department is limiting travel for US embassy staff in Israel, citing regional tensions. The Middle East produces about a third of the world's oil.

Well.

Well.

Turning to the economy now Nathan, A day after underlying inflation rose by less than forecast for the fourth month in a row, we get another key reading this morning at eight thirty am Wall Street time, we get the main reading for producer prices. Bloomberg's Michael McKee has a preview.

Turning to the economy now Nathan, A day after underlying inflation rose by less than forecast for the fourth month in a row, we get another key reading this morning at eight thirty am Wall Street time, we get the main reading for producer prices. Bloomberg's Michael McKee has a preview.

Economists fooled by the benign rise in consumer prices, We'll again look for tariff induced inflation in today's data on what companies are charging for goods and services. Once again, the expectation is for a rise in prices in both the headline and core PPI easier to do in this report because both declined in April. While price increases haven't flowed into retail price tags. Many companies have reported passing some or all of the tariffs onto their customers, particularly manufacturers, While another downside surprise would chair markets. The real impact will come when economists break down changes in individual categories to forecast the Fed's primary inflation indicator, the PCE index, out at the end of the month. Michael McKee, Bloomberg Radio.

Economists fooled by the benign rise in consumer prices, We'll again look for tariff induced inflation in today's data on what companies are charging for goods and services. Once again, the expectation is for a rise in prices in both the headline and core PPI easier to do in this report because both declined in April. While price increases haven't flowed into retail price tags. Many companies have reported passing some or all of the tariffs onto their customers, particularly manufacturers, While another downside surprise would chair markets. The real impact will come when economists break down changes in individual categories to forecast the Fed's primary inflation indicator, the PCE index, out at the end of the month. Michael McKee, Bloomberg Radio.

And the equity fund. Shares of Oracle up more than seven percent in early trading after the bell. The company said its cloud infrastructure sales will grow more than seventy percent this fiscal year. Brent Bill is an equity research analyst at Jeffries.

And the equity fund. Shares of Oracle up more than seven percent in early trading after the bell. The company said its cloud infrastructure sales will grow more than seventy percent this fiscal year. Brent Bill is an equity research analyst at Jeffries.

Oracle's got their mojo back. We've said this, this company was trying to find their way. They were late to cloud, they were laid to cloud applications. They're a little bit late to AI. But I think they're back in the in the race now.

Oracle's got their mojo back. We've said this, this company was trying to find their way. They were late to cloud, they were laid to cloud applications. They're a little bit late to AI. But I think they're back in the in the race now.

Jeffrey's analyst Brent Phil speaking to us after the earnings report, CEO Safferkat says that Oracle is on its way to becoming quote one of the world's largest cloud infrastructure companies.

Jeffrey's analyst Brent Phil speaking to us after the earnings report, CEO Safferkat says that Oracle is on its way to becoming quote one of the world's largest cloud infrastructure companies.

And repeating the breaking news this morning, Lisa Air India says a Boeing seven eighty seven aircraft traveling from m Debad to London's Gatwick Airport has crashed. Local media say the flight one seventy one was carrying two hundred and forty two passengers and crew. Boeing shares are extending their declines in the pre market, now down more than five percent.

And repeating the breaking news this morning, Lisa Air India says a Boeing seven eighty seven aircraft traveling from m Debad to London's Gatwick Airport has crashed. Local media say the flight one seventy one was carrying two hundred and forty two passengers and crew. Boeing shares are extending their declines in the pre market, now down more than five percent.

Now time for a look at some of the other stories making news in New York and around the world for that were joined by Bloomberg's Michael bar Good Morning, Michael.

Now time for a look at some of the other stories making news in New York and around the world for that were joined by Bloomberg's Michael bar Good Morning, Michael.

Good Morning Lisa. Protests are growing across the country over the Trump administration's immigration raids and the federal troop response to protests in Los Angeles. The NYPD arrested several people last night in Lower Manhattan. These two protesters were in New York's Foley Square.

Good Morning Lisa. Protests are growing across the country over the Trump administration's immigration raids and the federal troop response to protests in Los Angeles. The NYPD arrested several people last night in Lower Manhattan. These two protesters were in New York's Foley Square.

I think success is stopping as many people from being unlawfully taken from their families. Successes seeing people treated like human beings, people putting due process back in place right and actually respondowing our law institution.

I think success is stopping as many people from being unlawfully taken from their families. Successes seeing people treated like human beings, people putting due process back in place right and actually respondowing our law institution.

However, Wednesday was much calmer than Tuesday night, when dozens were arrested. A new Jersey federal judge rule the Trump administration cannot detain or deport Mackmud Khalil for the reasons it's cited. The judge granted a preliminary injunction, concluding the Columbia University graduate student would continue to suffer irreparable harm if he remains detained. Last week, the court hill that Khalil, who'd been involved with student protests in support of the people of Gaza, would likely succeed in his challenge to the administration's attempts to deport him on foreign policy grounds. Former movie mogul Harvey Weinstein has been convicted of one of the top charges in his sex crimes re trial. A jury found Weinstein guilty of engaging in a criminal sax act on Mimi Haley, but he has been acquitted of engaging in the criminal sax act on Kanya Soculluk, the more recent accuser who had come forward. Jurors were as yet unable to reach a verdict on a third charge involving Jessica Man and will resumed deliberations. Today, Global News twenty four hours a day and whenever you want it with the Bloomberg News Now Michael barn This is Bloomberg Leaser.

However, Wednesday was much calmer than Tuesday night, when dozens were arrested. A new Jersey federal judge rule the Trump administration cannot detain or deport Mackmud Khalil for the reasons it's cited. The judge granted a preliminary injunction, concluding the Columbia University graduate student would continue to suffer irreparable harm if he remains detained. Last week, the court hill that Khalil, who'd been involved with student protests in support of the people of Gaza, would likely succeed in his challenge to the administration's attempts to deport him on foreign policy grounds. Former movie mogul Harvey Weinstein has been convicted of one of the top charges in his sex crimes re trial. A jury found Weinstein guilty of engaging in a criminal sax act on Mimi Haley, but he has been acquitted of engaging in the criminal sax act on Kanya Soculluk, the more recent accuser who had come forward. Jurors were as yet unable to reach a verdict on a third charge involving Jessica Man and will resumed deliberations. Today, Global News twenty four hours a day and whenever you want it with the Bloomberg News Now Michael barn This is Bloomberg Leaser.

Thank you, Michael. Time now for our Bloomberg Sports Up. They brought to you by Tri State Audi. For that, we bring in John stash Hour. Good morning, John, Good morning.

Thank you, Michael. Time now for our Bloomberg Sports Up. They brought to you by Tri State Audi. For that, we bring in John stash Hour. Good morning, John, Good morning.

Listen to the Idiana Pacers. Yet to lose two playoff games in a row, yet to trail in a series off the Game two loss at Oklahoma City, the Pacers came home got their first Game three win of the postseason. They beat the thunder one sixteen one oh seven. They lead the NBA Finals two games to one. Benedict Methern off the bench to lead in the with twenty seven points. OKC had seventeen turnovers. Game four is tomorrow. The Dallas Mavericks are the third team to tell the Knicks, we are not letting you interview our coach to be your coach. The day after Houston and Minnesota did it, the MAVs denied permission for the Knicks to speak with Jason Kidd. Another Mets win at City Field, where there are now twenty six and seven of five nothing shut out of Washington a rare complete game. It came from David Peters sitting out only six hits. Did not welcome bat Our Brandon Nimo home or twice. Another Yankee win over Kansas City. They are five and zero against the Royals and twelve and three over the last two seasons, including that playoff victory of the Yanks. Bkse six to three, six scoreless sittings by Clark Schmidt and yet another home run by Aaron Judge. Red Sox top the Raise four to three early tea times this morning to begin the US Open at Oakmont defending champion Brison de Shambo starts his round at seven thirty years. To Shambo's thoughts on the Oakmont course.

Listen to the Idiana Pacers. Yet to lose two playoff games in a row, yet to trail in a series off the Game two loss at Oklahoma City, the Pacers came home got their first Game three win of the postseason. They beat the thunder one sixteen one oh seven. They lead the NBA Finals two games to one. Benedict Methern off the bench to lead in the with twenty seven points. OKC had seventeen turnovers. Game four is tomorrow. The Dallas Mavericks are the third team to tell the Knicks, we are not letting you interview our coach to be your coach. The day after Houston and Minnesota did it, the MAVs denied permission for the Knicks to speak with Jason Kidd. Another Mets win at City Field, where there are now twenty six and seven of five nothing shut out of Washington a rare complete game. It came from David Peters sitting out only six hits. Did not welcome bat Our Brandon Nimo home or twice. Another Yankee win over Kansas City. They are five and zero against the Royals and twelve and three over the last two seasons, including that playoff victory of the Yanks. Bkse six to three, six scoreless sittings by Clark Schmidt and yet another home run by Aaron Judge. Red Sox top the Raise four to three early tea times this morning to begin the US Open at Oakmont defending champion Brison de Shambo starts his round at seven thirty years. To Shambo's thoughts on the Oakmont course.

You can't just vomit on every single hole and glass over bunkers and have a wedge run up to the front of the green. You can on a lot of the holes, but not on every one of them. So I think this golf course you have to be just a fraction more strategic, especially, I mean the rough is so long.

You can't just vomit on every single hole and glass over bunkers and have a wedge run up to the front of the green. You can on a lot of the holes, but not on every one of them. So I think this golf course you have to be just a fraction more strategic, especially, I mean the rough is so long.

Rory McElroy T's off at seven forty this morning. Scottie Scheffler's the big favorite. He will play this afternoon. They'll play Game four, the Stanley Cup Final tonight, Florida hosting Edmonton and leading the series two to one. The Rangers are said to be close to a deal the trade Chris Drider to Anaheim, a Ranger for thirteen years, the third leading school goldscorer in Ranger history. John stanhalah Were Bloomberg Sports, Lisa Nathan, all right.

Rory McElroy T's off at seven forty this morning. Scottie Scheffler's the big favorite. He will play this afternoon. They'll play Game four, the Stanley Cup Final tonight, Florida hosting Edmonton and leading the series two to one. The Rangers are said to be close to a deal the trade Chris Drider to Anaheim, a Ranger for thirteen years, the third leading school goldscorer in Ranger history. John stanhalah Were Bloomberg Sports, Lisa Nathan, all right.

Thank you, John. Taking a look at the markets right now. We have SMP futures. They're down about three tens of a percent down. Future is falling half a percent. Two hundred and twenty four points. Nasdaq futures down three tenths of a percent or seventy five points. Going to the Bloomberg Dollar Spot Index, it's down four tenths of a percent. Over to the yield space, we have the two year yield three point nine three percent, that's down two basis points, and the yield on the tenure four point four zero percent, and that's down one basis point.

Thank you, John. Taking a look at the markets right now. We have SMP futures. They're down about three tens of a percent down. Future is falling half a percent. Two hundred and twenty four points. Nasdaq futures down three tenths of a percent or seventy five points. Going to the Bloomberg Dollar Spot Index, it's down four tenths of a percent. Over to the yield space, we have the two year yield three point nine three percent, that's down two basis points, and the yield on the tenure four point four zero percent, and that's down one basis point.

Coast to coast on Bloomberg Radio nationwide on Sirius XAM and around the world on Bloomberg dot Com and the Bloomberg Business app. This is Bloomberg Daybreak.

Coast to coast on Bloomberg Radio nationwide on Sirius XAM and around the world on Bloomberg dot Com and the Bloomberg Business app. This is Bloomberg Daybreak.

Good morning, I'm Nathan Hager, following developing news out of western India where an Air India flight carrying two hundred and forty two passengers and crew has crashed near Mdabad in the western state of Gujarat. Joining US now for the very latest is Bloomberg News Aviation reporter Danny Lee. And Danny obviously this is a fast developing story. What is the latest that we know so far?

Good morning, I'm Nathan Hager, following developing news out of western India where an Air India flight carrying two hundred and forty two passengers and crew has crashed near Mdabad in the western state of Gujarat. Joining US now for the very latest is Bloomberg News Aviation reporter Danny Lee. And Danny obviously this is a fast developing story. What is the latest that we know so far?

Good morning, Yeah, Nathan, Good morning. So this is a breaking news development. So it's Neir India Boeing Co seven eighty seven Dreamliner which crashed shortly off takeoff from a Midabad and it was heading to London's Gatwick Airports, so it was taking off around roughly half past one local time in the afternoon. And there's been various video circulated on social media, including one of the plane flying at low altitude and heading into the ground and then smoke and the fire billowing from that. So we have seen though the markets react quite swiftly and the shares pre market shares in bowing down five and a half percent on this news. For investors, when you look at Boeing, it's clearly too early to tell what has happened, what will be the cause of this crash, but at least for the moment, there will be a lot of reaction. And we have some reaction from Indian officials commenting on the crash, saying they are shocked and devastated about the accident. We have India confirming that there was an accident that had taken place today, but they don't have any further details at the moment. But of course, for the flight involved, it was carrying two hundred and forty two passengers and crew according to some local media reports.

Good morning, Yeah, Nathan, Good morning. So this is a breaking news development. So it's Neir India Boeing Co seven eighty seven Dreamliner which crashed shortly off takeoff from a Midabad and it was heading to London's Gatwick Airports, so it was taking off around roughly half past one local time in the afternoon. And there's been various video circulated on social media, including one of the plane flying at low altitude and heading into the ground and then smoke and the fire billowing from that. So we have seen though the markets react quite swiftly and the shares pre market shares in bowing down five and a half percent on this news. For investors, when you look at Boeing, it's clearly too early to tell what has happened, what will be the cause of this crash, but at least for the moment, there will be a lot of reaction. And we have some reaction from Indian officials commenting on the crash, saying they are shocked and devastated about the accident. We have India confirming that there was an accident that had taken place today, but they don't have any further details at the moment. But of course, for the flight involved, it was carrying two hundred and forty two passengers and crew according to some local media reports.

Yeah, certainly we could go into the struggles that Boeing has been trying to get out from under ever since the door plug blowout situation more than a year ago and the change under new CEO Kelly Ordberg. But before we get to all that, Danny, do we know anything in terms of the conditions on the ground, anything that could tell us what might have caused this crash?

Yeah, certainly we could go into the struggles that Boeing has been trying to get out from under ever since the door plug blowout situation more than a year ago and the change under new CEO Kelly Ordberg. But before we get to all that, Danny, do we know anything in terms of the conditions on the ground, anything that could tell us what might have caused this crash?

It's very hard to tell what could be the kind of contributing factors. I mean, whether it be weather, where it be any mechanical issues with the plane. You know what we can say this plane was around eleven years old, so it's not too new, not too old. It's somewhere in the middle basically. But you know it's for the Boeing seventy seven aircraft. It would mark the first whole loss in the entire time it has entered service, which is now many many years.

It's very hard to tell what could be the kind of contributing factors. I mean, whether it be weather, where it be any mechanical issues with the plane. You know what we can say this plane was around eleven years old, so it's not too new, not too old. It's somewhere in the middle basically. But you know it's for the Boeing seventy seven aircraft. It would mark the first whole loss in the entire time it has entered service, which is now many many years.

Is what do we know about the condition of the fleet of air India's Boeing lineup? Is it an aging fleet? Is it relatively new?

Is what do we know about the condition of the fleet of air India's Boeing lineup? Is it an aging fleet? Is it relatively new?

Well for India, it has been going through an extensive overhaul of its fleet. You know, exist it's existing fleet right now is aging. Let's not to say that they don't keep their planes in good condition. Already, but they are investing a lot of money buying a lot of new Boeing and Airbus aircraft in order to overhaul its fleet and also to expand. So under new ownership coming in being privatized from coming from state ownership under the Tartar Group, it has undergone a huge amount of investment and it's just time it takes to get those planes. New planes are particularly delivered, but it has been working through that process, and a multi year process at that, and as.

Well for India, it has been going through an extensive overhaul of its fleet. You know, exist it's existing fleet right now is aging. Let's not to say that they don't keep their planes in good condition. Already, but they are investing a lot of money buying a lot of new Boeing and Airbus aircraft in order to overhaul its fleet and also to expand. So under new ownership coming in being privatized from coming from state ownership under the Tartar Group, it has undergone a huge amount of investment and it's just time it takes to get those planes. New planes are particularly delivered, but it has been working through that process, and a multi year process at that, and as.

We continue to monitor the situation, we're getting further confirmations from more sources about the fact that this has happened. We just saw a post on X from London's Gatwick Airport, which is the destination of Air India flight one P seventy one, confirming on its end that that plane was due to land at London Gatwick later on this evening local time, So further confirmation that at least that flight was at the center of this. Danny, of course, I know your background is in aviation, but it can't be ignored that this is coming just a couple of weeks after pretty heightened tensions between India and Pakistan as well. Obviously we're really at a very early stage in terms of trying to figure out the cause of this, whether it was something mechanical or something more nefarious, But that could enter into the conversation as well as we start to gather more details and facts on the ground.

We continue to monitor the situation, we're getting further confirmations from more sources about the fact that this has happened. We just saw a post on X from London's Gatwick Airport, which is the destination of Air India flight one P seventy one, confirming on its end that that plane was due to land at London Gatwick later on this evening local time, So further confirmation that at least that flight was at the center of this. Danny, of course, I know your background is in aviation, but it can't be ignored that this is coming just a couple of weeks after pretty heightened tensions between India and Pakistan as well. Obviously we're really at a very early stage in terms of trying to figure out the cause of this, whether it was something mechanical or something more nefarious, But that could enter into the conversation as well as we start to gather more details and facts on the ground.

Yeah, I think the authorities will be looking at a whole wide range of information at this stage. No one would be in a position to rule out anything until particularly they start to locate and recover the so called black boxes. These are the information flight data recorded copric voice recorder that would give all the necessary clues to understand what happened to this aircraft. But yes, as you alluded to, there has been heightened state of tensions in recent weeks between India and Pakistan, although of late they have tensions have calmed down, particularly as US President Donald Trump has intervened and there has been a cessation of hostilities in particular.

Yeah, I think the authorities will be looking at a whole wide range of information at this stage. No one would be in a position to rule out anything until particularly they start to locate and recover the so called black boxes. These are the information flight data recorded copric voice recorder that would give all the necessary clues to understand what happened to this aircraft. But yes, as you alluded to, there has been heightened state of tensions in recent weeks between India and Pakistan, although of late they have tensions have calmed down, particularly as US President Donald Trump has intervened and there has been a cessation of hostilities in particular.

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And I'm Lisa Matteo. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak

And I'm Lisa Matteo. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak