The value of shares of Boeing is currently on a downward trajectory.
Last Monday, December 30, the securities of the mentioned company fell by more than 2%. The corresponding dynamic was recorded after South Korea ordered an inspection of all Boeing 737-800 aircraft operated by its domestic carriers. The aircraft of the mentioned model deadly crashed last weekend.
Acting President Choi Sang-mok told the Transport Ministry to carry out an emergency safety inspection of the country’s entire airline operation system. Officials at the Ministry of Land, Infrastructure, and Transport said they would conduct a comprehensive special inspection of the B737-800.
The exact circumstances of the plane crash, which killed 179 of the 181 people on board the plane on Sunday, December 29, remain unknown. The plane landed at Muan International Airport in South Korea without the correct gear, rolled off the runway, and crashed into a wall. After that, there was a fire in the aircraft. Two crew members survived.
It is currently known that the aircraft’s pilot had mentioned a bird strike a few minutes after the airport’s control tower issued a bird activity warning.
Two black boxes were removed from the plane and sent for analysis. The US National Transportation Safety Board is meanwhile leading a team of US investigators, including the Federal Aviation Administration and Boeing, to assist South Korea’s Aviation and Railway Accident Investigation Board with a probe into the crash.
The Boeing narrow-body aircraft has been in operation for nearly three decades.
As we have reported earlier, US Airlines Say Goodbye to Difficult Year.
