India, June 12 -- Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad.

The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport at 1.38 pm local time. The Air India flight AI 171 carried 232 passengers and 10 crew members.

Rescue operations are underway, while several casualties are feared.

While responding to the news, Boeing reportedly said, "We are aware of initial reports and are working to gather more information."

The crash is the first for the aerospace majo...