Boeing stock falls following crash of Jeju Air 737-800 jet

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Boeing stock falls following crash of Jeju Air 737-800 jet

Yahoo Finance2024-12-31

Boeing stock (BA) dropped 2% in midday trade on Monday as investigators looked into the crash of a South Korean Boeing jet. On Sunday, a Jeju Air Boeing 737-800 crash-landed at Muan International ...

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The jet skidded on its belly without its landing gear deployed, crashing into a concrete wall and killing 179 passengers. Only two flight attendants were the remaining survivors, the airline said.Videos online also show what appears to be a bird strike affecting one of the jet’s two engines, which may have affected the plane’s approach to the airport in addition to possible issues with the landing gear.The South Korean government said Monday it plans to conduct a safety inspection of all Boeing 737-800 aircraft operated by domestic airlines, Korea’s Yonhap News agency reported.\"We plan to implement rigorous aviation safety inspections in response to the [landing gear] incidents,\" Joo Jong-wan, aviation policy chief at South Korea’s transport ministry, said at a briefing.Read","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AIRI":"Air Industries Group","BK4564":"太空概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4187":"航天航空与国防","BA":"波音","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4551":"寇图资本持仓","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4516":"特朗普概念"},"translate_title":"济州航空737-800喷气式飞机坠毁后波音股价下跌","themeId":"58d0c8e23eb6d72bceac7eb5e498963c","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIRI":1,"BA":1},"content_text":"Boeing stock (BA) dropped 2% in midday trade on Monday as investigators looked into the crash of a South Korean Boeing jet.\nOn Sunday, a Jeju Air Boeing 737-800 crash-landed at Muan International Airport in South Korea. The jet skidded on its belly without its landing gear deployed, crashing into a concrete wall and killing 179 passengers. Only two flight attendants were the remaining survivors, the airline said.\nVideos online also show what appears to be a bird strike affecting one of the jet’s two engines, which may have affected the plane’s approach to the airport in addition to possible issues with the landing gear.\nThe South Korean government said Monday it plans to conduct a safety inspection of all Boeing 737-800 aircraft operated by domestic airlines, Korea’s Yonhap News agency reported.\nYonhap News reported earlier that another Jeju Air jet returned safely to South Korea’s Gimpo Airport on Monday after it also had a problem with its landing gear after takeoff.\n\"We plan to implement rigorous aviation safety inspections in response to the [landing gear] incidents,\" Joo Jong-wan, aviation policy chief at South Korea’s transport ministry, said at a briefing.\nIn a statement posted online, Boeing said it was in contact with Jeju Air regarding the crash and that the plane maker was “ready to support them.”\nJeju Air has 38 737-800 jets in its fleet, per aviation site Planespotters. Other operators with the 737-800 model jet include T'way Air, with 27 aircraft; Jin Air, with 19; and Eastar Jet, with 10, per Planespotters and Yonhap News.\n\n\n\n  The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, Dec. 30, 2024. REUTERS/Kim Hong-Ji\n \n\n  Reuters / Reuters\n \n\nThe 737-800 is an older iteration of Boeing’s 737 series of jets, which first flew in 1997 and was phased out for the 737 Max jets. Per aviation data firm Cirium, 180 airlines around the world use the 737-800 jet, and 4,400 737-800s are currently in use, making up 17% of the overall global commercial fleet.\nAny concern regarding the safety of Boeing’s workhorse jet is a major problem for Boeing given recent safety issues. Earlier this year the FAA ordered the temporary grounding and subsequent production monitoring of Boeing 737 Max jets due to a door “plug” that flew off an Alaska Airlines plane midair in January.\nThis followed two fatal 737 Max crashes in 2018 and 2019 that together killed all 346 passengers and crew on board and led to a 20-month grounding of planes as safety changes were made. Critics blamed a defect in one of the plane’s safety systems for the crashes of the two 737 Max jets.\nPras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}