Shares of Boeing (NYSE:) fell greater than 4% in pre-market buying and selling Monday after a devastating air crash in South Korea claimed the lives of 179 folks on Sunday when a jetliner crashed. crashed at Muan Worldwide Airport.
The aircraft, a Boeing 737-800, skidded off the runway, collided with a wall and burst into flames, making it the deadliest air catastrophe within the nation’s historical past.
Jeju Air flight 7C2216, departing from Bangkok, was carrying 175 passengers and 6 crew members. The aircraft tried to land shortly after 9 a.m. native time (0000 GMT), based on South Korea’s Transport Ministry.
Two crew members, the one recognized survivors, had been pulled from the wreckage and are receiving medical therapy. The ministry confirmed it was essentially the most severe crash involving a South Korean airline in almost 30 years.
Shares of Jeju Air plunged greater than 8% on Monday on the Korean Inventory Alternate.
Photos shared by native media present the Boeing 737-800 skidding alongside the runway with out its touchdown gear deployed, earlier than hitting airport infrastructure and catching hearth.
A neighborhood well being official stated the 2 survivors, a person and a girl, had been discovered within the tail of the aircraft. They’re being handled for reasonable to severe accidents.
Investigators are trying into the opportunity of fowl strikes or hostile climate circumstances as contributing components. Yonhap Information Company cited airport officers as suggesting a fowl strike might have brought on the touchdown gear to interrupt.
This incident surpasses the severity of the 1997 Korean Air crash in Guam, which killed greater than 200 folks, and exceeds the 2002 Air China crash in South Korea, which killed 129 folks. .
In accordance with worldwide aviation protocols, South Korea will oversee the investigation, with help from the U.S. Nationwide Transportation Security Board (NTSB).
The NTSB confirmed it will ship a staff of consultants, joined by Boeing and the Federal Aviation Administration (FAA), to help the investigation.
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