Boeing shares were lower Monday after South Korea announced it is launching an investigation following the deadly Jeju Air crash over the weekend that involved a Boeing jet.
On Sunday morning, the commercial plane skidded off the runway, crashed into a wall and burst into flames while landing at Muan International Airport – killing all but two of its 181 passengers.
The cause of Sunday’s crash remains under investigation but aviation experts were quick to distinguish the incident from the company’s earlier safety problems.
Accident investigators are trying to find the cause of a Jeju Air fatal crash landing that killed 179 of the 181 on board the flight.
South Korean officials will conduct safety inspections of all Boeing 737-800 aircraft operated by the country's airlines after a deadly Jeju Air crash.
Shares of Boeing fell in early trading on Monday, one day after a Boeing model 737-800 was involved in the Jeju Air plane crash in South Korea that killed scores of passengers. The slide came hours after South Korea's transportation ministry announced it would investigate the crash and conduct a full inspection of all Boeing 737-800 aircraft in use in South Korea.
But South Korea's Transport Ministry said Monday it plans to conduct safety inspections of all of the 101 Boeing 737-800 jetliners operated by the country’s airlines as well as a broader review ...
Investigators on Saturday expect to compile the complete transcript from the cockpit voice recorder recovered from the wreckage of the Jeju Air Boeing 737-800 that crashed on Sunday in South Korea, the transport ministry said in a statement.
Boeing shares fell about 2% in midday trading Monday after a 737-800 operated by a South Korean airline crashed over the weekend, killing nearly all of the 181 people aboard. Investigators a
Boeing shares were down as much as 6% Monday morning. Authorities in Korea believe a bird strike could have been a factor in the fatal crash.
South Korean investigators said Saturday they were close to finalising the transcript of the cockpit voice recorder from a fatal plane crash that left 179 people dead last week."The transcript of the cockpit voice recorder (CVR) is expected to be completed today,