Mumbai/IBNS, Nov. 24 -- Shares of Hindustan Aeronautics Limited (HAL) slipped more than 4% on Monday after a Tejas fighter jet crashed during the Dubai Airshow last week, according to media reports.

The IAF has ordered a Court of Inquiry to determine the cause of the accident.

This is the second Tejas crash in less than two years. In March 2024, an LCA Tejas went down in Rajasthan's Jaisalmer - the first such incident since the aircraft's maiden test flight in 2001. The pilot managed to eject safely in that incident.

Earlier this year, on September 25, 2025, the Ministry of Defence signed a contract with HAL to procure 97 LCA Mk-1A aircraft at a cost of over Rs.62,370 crore (excluding taxes). Deliveries will begin in 2027-28 and span s...