Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Boeing stock opens 4% lower after Jeju Air crash By Investing.com
    News

    Boeing stock opens 4% lower after Jeju Air crash By Investing.com

    userBy userDecember 30, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Boeing (NYSE:) shares fell more than 4% in premarket trading Monday after a devastating air accident in South Korea claimed the lives of 179 people on Sunday when a passenger plane crash-landed at Muan International Airport.

    The aircraft, Boeing 737-800, skidded off the runway, colliding with a wall and erupting in flames, making it the deadliest aviation disaster in the country’s history.

    Jeju Air flight 7C2216, which departed from Bangkok, was carrying 175 passengers and six crew members. The plane attempted to land shortly after 9 a.m. local time (0000 GMT), according to South Korea’s transport ministry.

    Two crew members, the only known survivors, were pulled from the wreckage and are receiving medical care. The ministry confirmed that this incident marks the most severe crash involving a South Korean airline in nearly 30 years.

    Jeju Air shares plunged over 8% on Monday on the Korea Exchange.

    Footage shared by local media shows the Boeing 737-800 skidding along the runway without its landing gear deployed, before striking airport infrastructure and bursting into flames.

    A local health official reported that the two survivors, a man and a woman, were found in the tail section of the plane. They are being treated for moderate to severe injuries.

    Investigators are exploring the possibility of bird strikes or adverse weather as contributing factors. Yonhap news agency cited airport officials who suggested a bird strike may have led to the failure of the landing gear.

    This incident surpasses the severity of the 1997 Korean Air crash in Guam, which resulted in over 200 fatalities, and exceeds the 2002 Air China (OTC:) crash in South Korea that killed 129 people.

    Following international aviation protocols, South Korea will oversee the investigation, with assistance from the U.S. National Transportation Safety Board (NTSB).

    The NTSB confirmed it is sending a team of experts, joined by Boeing and the Federal Aviation Administration (FAA), to support the inquiry.





    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleThe Indicator from Planet Money : NPR
    Next Article Could Chapel Down be a millionaire-maker penny share?
    user
    • Website

    Related Posts

    Has Warren Buffett made his best move ever selling his Apple stock?

    June 7, 2025

    This FTSE 100 stock goes ex-dividend on 26 June — time to bag a 6.9% yield?

    June 7, 2025

    Is this the Tesla stock buying opportunity I’ve been waiting for?

    June 7, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d