From CNBC: 2024-12-30 13:57:28

Jeju Air Flight 2216 crashed at Muan International Airport, killing 179 of 181 people on board. South Korea ordered an inspection of all 737-800 planes operated by domestic carriers. The aircraft landed without gear deployed, skidded off the runway, and crashed into a wall, bursting into flames. Two crew members survived.

The pilot mentioned a “bird strike” after a bird activity warning and aborted landing attempt. Two black boxes were retrieved for analysis. U.S. investigators, including the FAA and Boeing, are assisting with the probe. The Boeing 737-800 has a strong safety record, with Jeju Air being the biggest operator in South Korea.

MOLIT is inspecting the concrete wall hit by the aircraft. Aviation experts believe a design flaw is unlikely. The Boeing 737-800 is widely used globally, with about 4,400 in service. South Korean low-cost carriers, including Jeju Air, use this model. MOLIT plans to review regulations regarding bird strikes and strengthen safety measures.

Another Jeju Air 737-800 had landing gear issues after takeoff. The aircraft has a strong safety record, with over 200 airlines choosing to fly it in the last year. Investigators will review maintenance records to determine why the landing gear failed. Jeju Air is providing support to victims and families and has a $1 billion insurance coverage.

Jeju Air shares hit an all-time low and closed down 8.65%. The airline denies mechanical faults or safety issues contributed to the crash. MOLIT is conducting a comprehensive inspection of 737-800s in South Korean airlines’ fleets. Boeing has expressed condolences to the families of the victims.



Read more at CNBC: Boeing falls after South Korea orders B737-800 inspection