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The wreckage of Jeju Air Co. Flight 2216 at Muan Worldwide Airport in Muan County, South Korea, on Monday, December 30, 2024.
SeongJoon Cho | Bloomberg | Getty Photographs
Boeing Shares fell greater than 2% on Monday after South Korea ordered an inspection of all 737-800 plane – the mannequin concerned in a lethal Jeju Air crash this weekend – operated by its home airways.
Appearing President Choi Sang-mok has ordered the Ministry of Transport to conduct an emergency security inspection of the nation’s complete aviation system, whereas officers from the Ministry of Land, Infrastructure and Transport, or MOLIT, mentioned they might conduct a “complete particular inspection ‘. of the B737-800.”
There may be uncertainty concerning the precise circumstances of the crash, which killed 179 of the 181 individuals on board the aircraft on Sunday. The aircraft landed at Muan Worldwide Airport in South Korea with out correct tools, skidded off the runway and hit a wall, inflicting it to burst into flames. The survivors have been two crew members who have been pulled from the wreckage.
In a Monday briefing, MOLIT mentioned the aircraft’s pilot referred to as a “chicken strike” a couple of minutes after the airport’s management tower issued a chicken exercise warning. The pilot additionally knowledgeable the management tower of a “go-around,” referring to an aborted touchdown try, and referred to as out “Mayday,” mentioned Yu Kyung-soo, director of aviation security coverage at MOLIT, in keeping with a translation from NBC Information.
Two black containers have been recovered from the plane and despatched for evaluation. The U.S. Nationwide Transportation Security Board, in the meantime, is main a workforce of U.S. investigators, together with the Federal Aviation Administration and Boeing, to help South Korea’s Aviation and Railway Accident Investigation Board in an investigation into the crash. Engine producer CFM Worldwide, a three way partnership between GE Aerospace and France’s Safran Plane Engines, may also be concerned within the examine.
A Jeju Air Boeing 737-800 on the runway at Tokyo Narita Airport in 2017.
Sopa photographs | Gentle rocket | Getty Photographs
MOLIT officers mentioned Monday they have been investigating the concrete wall that struck the aircraft for its connection to the accident, along with inspecting the 737-800s in South Korean airways’ fleets.
The favored Boeing narrow-body plane has been in service for nearly three many years, with improvement predating the US producer’s troubled 737 Max jets, a later model of the mannequin. Aviation specialists mentioned it was unlikely a design flaw performed a job in Sunday’s crash.
The Boeing 737-800 has a robust security document and is likely one of the most generally used plane with about 4,400 in service, equal to about 17% of the energetic world jet fleet, in keeping with aviation knowledge firm Cirium.
Additionally it is generally utilized by South Korean low-cost carriers, MOLIT mentioned, with Jeju Air being the most important airline with 39 plane. Different operators embody T’means Air, Jin Air, Eastar Jet and Air Incheon, whereas nationwide provider Korean Air has two of this mannequin.
“We are going to study compliance with numerous rules, together with operational knowledge, inspections and upkeep carried out earlier than and after flights,” Ju Jong-wan, director of the Aviation Coverage Workplace at MOLIT, mentioned on Monday, in keeping with NBC Information’ translation.
“We plan to evaluate stricter rules relating to chicken strikes, which have been recognized as a attainable explanation for the accident, particularly for brand spanking new airports beneath building.”
A Boeing spokesperson advised CNBC: “We’re involved with Jeju Air relating to Flight 2216 and stand able to help them. We lengthen our deepest condolences to the households who’ve misplaced family members, and our ideas stay with the passengers and the crew.”
The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan Worldwide Airport in Muan, South Korea on December 30, 2024.
Kim Hong-ji | Reuters
Native media reported this that one other Jeju Air aircraft of the identical mannequin returned to South Korea’s Gimpo airport shortly after takeoff on Monday after reported touchdown gear issues.
“The mannequin and sort of plane has a really robust security document and greater than 200 airways around the globe have chosen to fly the Boeing 737-800 up to now yr,” mentioned Paul Charles, CEO and journey analyst at The PC Company, by e mail. .
“Investigators must sift by means of all upkeep information associated to the 737-800s at Jeju Air to see if they’ll present additional clues as to why the plane’s touchdown gear failed to return down.”
Boeing 737-800, the mannequin that crashed in South Korea, is likely one of the world’s hottest plane
At a press convention Sunday, Tune Kyung-hoon, head of Jeju Air’s administration help workplace, mentioned the airline would help the victims and their households, and that the aircraft was lined by $1 billion in insurance coverage. in keeping with information website Yonhap.
Tune additionally denied that mechanical faults or insufficient security preparations performed a job within the crash.
“This crash will not be about upkeep points. There will be completely no compromises relating to plane upkeep,” Tune mentioned.
In response to FactSet, Jeju Air shares hit an all-time low on Monday, closing 8.65% decrease.
— CNBC’s Yeo Boon Ping and Leslie Josephs contributed to this story.
