Aviation consultant Mike Boyd joins Fox & Friends Weekend to discuss a plane crash in South Korea.
Boeing shares Airline prices fell Monday morning after South Korea announced it had launched an investigation into the country’s airline operations following the deadliest plane crash in the country’s history, involving a Boeing plane.
representation South Korea President Choi Sang-mok announced the investigation on Monday, and the country’s Ministry of Transport said a special inspection of all 101 Boeing 737-800s operated by South Korean airlines would begin that day, focusing on the maintenance record of key components.
The logo appears on the Boeing stand on the opening day of the 2024 Farnborough International Airshow, southwest of London, on July 22, 2024. (Justin Tallis/AFP via Getty Images/Getty Images)
| tape | protection | last | It changes | % changes |
|---|---|---|---|---|
| Bachelor’s | Boeing Company | 152.42 | +1.70 |
+1.13% |
Boeing shares fell more than 4% in early trading after the announcement Monday morning before recovering somewhat to remain down 2.3% to about $176.52 a share as of 11:30 a.m. ET.
Boeing declined to comment on the investigation, referring FOX Business to the Republic of Korea’s Ministry of Land, Infrastructure and Transport (MOLIT) instead.
Aviation expert questions bird strike theory in fatal South Korean plane crash: ‘It makes no sense’
the The United States also said On Monday, it will send investigators to help determine the cause of the accident that occurred at Muan International Airport in Muan, South Korea, the day before, leaving only two survivors out of 181 on board when the Jeju Air flight skidded off the runway and hit a concrete fence.
Fire authorities search for missing people and recover the deceased at the accident site near Muan International Airport in Jeollanam-do, South Korea, on December 29, 2024, where a Jeju Air passenger plane collided while landing. (Chris Jung/Noor Photo via Getty Images/Getty Images)
Footage of the incident shows the 15-year-old Boeing 737-800 She slides down the runway on her stomach after the landing gear fails to deploy.
The Boeing 737-800 is a different model than the planemaker’s 737 MAX, which has come under scrutiny over the past year after a door panel on a 737 MAX exploded in midair on Jan. 5.
A sheet of plastic covers an area of the fuselage of an Alaska Airlines Boeing 737 MAX 9 outside a hangar at Portland International Airport on January 8, 2024, in Portland, Oregon. (Photo by Mathieu-Louis Rolland/Getty Images/Getty Images)
Get FOX Business on the go by clicking here
The company has been moving from one crisis to another throughout 2024. Since the 737 MAX took flight, its CEO has departed, its production has slowed as regulators investigated its safety culture, and the company has implemented a series of layoffs.
Taylor Penley of Reuters and Fox News contributed to this report.
https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/12/0/0/south-korea-plane-crash.jpg?ve=1&tl=1
Source link