Aviation consultant Mike Boyd joins Fox & Friends Weekend to discuss the plane crash in South Korea.
Boeing shares fell on Monday morning after South Korea announced it would launch an investigation into the country's airline operations following the country's deadliest plane crash involving a Boeing plane. .
acting Korean President Choi Sang-mok announced the investigation on Monday, and the country's Ministry of Transport announced on the same day that it would begin a special inspection focusing on maintenance records of major parts of all 101 Boeing 737-800s operated by Korea Air Lines. did.
The Boeing logo is seen on the Boeing stand during the opening day of the Farnborough International Air Show 2024 in southwest London, July 22, 2024. (Justin Tallis/AFP via Getty Images/Getty Images)
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| BA | boeing company | 156.54 | +1.10 |
+0.71% |
Boeing shares fell more than 4% in early trading following Monday morning's announcement, but have since recovered some and were down 2.3% at around $176.52 a share as of 11:30 a.m. ET.
Boeing declined to comment on the investigation, instead referring FOX Business to South Korea's Ministry of Land, Infrastructure, Transport and Tourism (MOLIT).
Aviation expert questions bird strike theory of South Korean plane crash, 'doesn't make sense'
of America also said On Monday, a Jeju Air passenger plane skidded off the runway and crashed into a concrete fence at Muan International Airport in Muan, South Korea, leaving only two survivors among the 181 people on board. The company is dispatching investigators to assist in determining the cause.
Fire authorities are searching for missing people and recovering the dead at the scene of an accident where a Jeju Air passenger plane collided while landing, which occurred near Muan International Airport in Jeollanam-do, South Korea on December 29, 2024. There is. (Chris Jung/NurPhoto via Getty Images/Getty Images)
Video of the incident shows a 15-year-old boy boeing 737-800 jet plane The landing gear failed to deploy and the plane slid down the runway onto its stomach.
Video captures South Korean plane's final moments before it crashes into concrete fence and explodes
The Boeing 737-800 is a different model from the company's 737 Max, which has been the subject of intense scrutiny over the past year after a door panel was blown off the 737 Max jet mid-air on January 5th.
Plastic sheeting covers part of the fuselage of an Alaska Airlines Boeing 737 Max 9 aircraft outside a hangar at Portland International Airport on January 8, 2024 in Portland, Oregon. (Photo by: Mathieu Louis Rolland/Getty Images/Getty Images)
CLICK HERE TO GET FOX BUSINESS ON THE GO
The company fell from crisis to crisis throughout 2024. Since the 737 Max's doors flew open and the CEO resigned, regulatory scrutiny of its safety culture has slowed production and the company has made a series of layoffs.
Reuters and FOX News' Taylor Penley contributed to this report.
