Some of the world's leading airlines are investing to build a flight network to better connect India to the rest of the world. IndiGo, Delta Air Lines, Air France-KLM and Virgin Atlantic this week announced a partnership that aims to link the domestic and international travel markets within and outside of India.

The crash of Air India Flight 171 is a human tragedy first. The business impact will unfold over the coming days and weeks.

The U.S. Treasury held a closely eyed $22 billion auction of 30-year bonds, and solid demand showed investors are still hungry for long-term government debt, despite policy uncertainty.

Shares of several aviation companies nosedived on Thursday afternoon after an Air India Boeing 787-8 Dreamliner, en route to London, crashed shortly after takeoff from Ahmedabad International Airport.

In those talks, Boeing is edging forward as the front-runner to sell more of its 777X jets, two of the sources said.

Jamie Ray Meek was one of 53 British nationals on board Air India Flight AI171, which crashed just minutes after taking off from Ahmedabad on Thursday afternoon.