Aviation consultant Mike Boyd joined Fox & Friends Weekend to discuss the South Korean plane crash.
Boeing shares they fell on Monday morning after South Korea announced it was launching an investigation into the national airline’s operations following the deadliest air crash in the country’s history, involving a Boeing jet.
acting South Korean President Choi Sang-mok announced the probe 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, focusing on maintenance records of key components.
The logo is seen on the Boeing stand on the opening day of the 2024 Farnborough International Airshow, southwest of London, on July 22, 2024. (JUSTIN TALLIS/AFP via Getty Images/Getty Images)
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| B.A | BOEING CO. | 152.42 | +1.70 |
+1.13% |
Boeing shares fell more than 4% in early trading after Monday morning’s announcement before recovering some to remain down 2.3% at around $176.52 a share by 11:30 a.m. ET.
Boeing declined to comment on the investigation, referring FOX Business to the Ministry of Land, Infrastructure and Transport (MOLIT) of the Republic of Korea.
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The he also said USA On 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 plane skidded off the runway and crashed into a concrete fence.
Fire authorities search for the missing and find the dead at the crash site near Muan International Airport in Jeollanam-do, South Korea, on December 29, 2024, where a Jeju Air passenger plane crashed during landing. (Chris Jung/NurPhoto via Getty Images / Getty Images)
The video of the incident shows a 15-year-old boy Boeing 737-800 jet sliding down the runway on his stomach after his landing gear failed to open.
Boeing’s 737-800 is a different model from the maker of the 737 Max, which came under scrutiny last year after a door panel blew off the 737 Max mid-air on January 5.
Plastic sheeting covers the fuselage area of an Alaska Airlines Boeing 737 Max 9 outside the hangar at Portland International Airport on January 8, 2024 in Portland, Oregon. (Photo by Mathieu Lewis-Rolland/Getty Images/Getty Images)
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The company has lurched from crisis to crisis in 2024. Since the doors flew off its 737 Max, the CEO has left, production has slowed as regulators probed its safety culture, and the company has made a series of layoffs.
Taylor Penley of Fox News and Reuters contributed to this report.
