Aviation consultant Mike Boyd joins Fox & Friends Weekend to discuss a plane crash in South Korea.
Boeing shares fell on Monday morning after South Korea announced it was launching an investigation into the country’s airline operations following the deadliest plane crash in the country’s history, involving a Boeing jet.
Acting South Korean President Choi Sang-mok announced the investigation on Monday, and the country’s transport ministry said a special inspection of all 101 Boeing 737-800s operated by South Korean Airlines would begin that day, focused on key component maintenance data.
A logo is seen on the Boeing stand on the opening day of the 2024 Farnborough International Air Show, southwest London, on July 22, 2024. (JUSTIN TALLIS/AFP via Getty Images/Getty Images)
| TICKER | Safety | The last one | AmENdmENT | Change % |
|---|---|---|---|---|
| BA | BOEING CO. | 152.42 | +1.70 |
+1.13% |
Boeing shares fell more than 4% in early trading after the announcement Monday morning before recovering some to remain down 2.3% at 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).
AVIATION EXPERT casts doubt on bird strike theory in deadly South Korean plane crash: ‘It doesn’t make sense’
The United States also said Monday it is sending investigators to help determine what caused the crash at Muan International Airport in Muan, South Korea, a day earlier, leaving just two survivors out of 181 on board when a Jeju Air flight skidded off the runway and crashed into a concrete fence.
Fire authorities search for the missing and recover the dead at the scene of an accident near Muan International Airport in Jeollanam-do, South Korea, on December 29, 2024, where a Jeju Air passenger plane crashed during landing. (Chris Jung/NurFoto via Getty Images/Getty Images)
Footage of the event shows the 15-year-old Boeing 737-800 aircraft sliding down the runway on its belly after the landing gear failed to deploy.
FINAL MOMENTS OF SOUTH KOREAN AIRPLANE CAPTURED ON VIDEO BEFORE HITTING CONCRETE BARRIER, CAUSING EXPLOSION
Boeing’s 737-800 is a different model from the planemaker’s 737 Max, which has come under scrutiny over the past year after a door panel exploded on a 737 Max jet in mid-air on January 5.
A plastic sheet 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 Lewis-Rolland/Getty Images/Getty Images)
GET FOX BUSINESS IN ALBANIA by clicking HERE
The company has lurched from crisis to crisis throughout 2024. Since the door flew off the 737 Max, the CEO left, its production has slowed as regulators investigated its safety culture and the company has implemented a series of layoffs.
Fox News’ Taylor Penley and Reuters contributed to this report.
