BUZZ-Boeing shares fall; South Korea orders probe after plane crash

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BUZZ-Boeing shares fall; South Korea orders probe after plane crash

Reuters2024-12-30

BUZZ-Boeing shares fall; South Korea orders probe after plane crash

** Shares of planemaker Boeing BA.N pare some premarket losses to trade down 3.2%

** A Boeing 737-800 jet operated by South Korea's JejuAir 089590.KS crashed on landing at Muan International Airport on Sunday, killing 179 people.

** Investigators are examining bird strikes, whether any of the aircraft's control systems were disabled, and the apparent rush by the pilots to attempt a landing soon after declaring an emergency as possible factors in the crash, officials have said.

** "While the cause of the crash remains under investigation, it brings more reputational damage in what has been a dismal year for the group", says Aarin Chiekrie, equity analyst, Hargreaves Lansdown.

** South Korea's acting President Choi Sang-mok on Monday ordered airline safety probe after worst domestic crash

** As of last close, shares down 30.67% YTD

(Reporting by Sanchayaita Roy in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))

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