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At least 242 people were on board flight AI171 when it crashed shortly after taking off from Ahmedabad airport.
Shares of InterGlobe Aviation (IndiGo) cracked as much as 6 per cent during the trading session on Friday on the back of multiple reasons which may impact its performance in the near-term.
Flight 171 was bound for Gatwick Airport, authorities in London confirm, as search and rescue teams are deployed.