Hindustan Aeronautics Limited (HAL) on Monday said the recent crash of an Indian Air Force (IAF) Tejas fighter jet at the Dubai Airshow 2025 was an isolated incident that occurred under exceptional circumstances, adding that the event would have no impact on its operations, financial performance, or future deliveries.
The statement came days after Squadron Leader Naman Syal, the IAF pilot flying the aircraft, lost his life when the Tejas light combat aircraft (LCA) crashed during an aerial display at Al Maktoum International Airport.
HAL Issues Detailed Clarification
In an official filing to the Bombay Stock Exchange (BSE), HAL said:
“The recent incident during the aerial display at the Dubai Air Show is an isolated occurrence arising out of exceptional circumstances… there is no impact on the company’s business operations, financial performance or its future deliveries. The company is extending its full support and cooperation to the agencies conducting the investigation.”
HAL added that the crash should not be viewed as a reflection of the aircraft’s overall performance, noting that Tejas has participated in multiple international airshows without incident.
Crash During Aerial Display Stuns Spectators
The fatal incident unfolded on Friday around 2:10 pm local time, when the Tejas jet, performing a high-speed manoeuvre, suddenly plunged towards the ground and exploded into a fireball.
Videos from the scene showed the aircraft losing altitude rapidly before erupting on impact, sending shockwaves through the crowd and the global aviation community. The Tejas LCA, powered by a General Electric engine, has been a centrepiece of India’s defence diplomacy and export push.
The IAF has announced a court of inquiry to determine the cause of the crash.
Pilot Identified as Squadron Leader Naman Syal
The IAF confirmed that the officer flying the aircraft was Sqn Ldr Naman Syal, a decorated fighter pilot from Kangra, Himachal Pradesh. His death has led to an outpouring of condolences from the armed forces and the aviation fraternity.
Stock Impact: HAL Shares Decline
Following the crash, HAL’s stock has come under pressure.
- The share price has dropped 8% over the past five days.
- On Monday, it was trading 3.14% lower at ₹4,450.70 as of 1:40 pm.
Analysts say the dip is likely sentiment-driven, adding that HAL’s fundamentals and order book remain strong.
