Following Sunday’s disaster claiming 179 lives, South Korea declared its intentions to examine every Boeing 737-800 aircraft flown by local airlines. It marked the greatest aviation disaster the nation has experienced in decades. Consequently, Monday’s premarket trade for Boeing (NYSE:BA) shares dropped 5%. Jeju Air operated a Boeing 737-800 that crashed. According to preliminary accounts, the jet turned off its first landing attempt for reasons unknown. The pilot sent a distress signal following a bird strike warning during a second try. Overshot the runway, landed without the front landing gear deployed, ran across a concrete fence, and burst into flames. The incident has spurred a closer examination of South Korea’s aviation safety policies.
Monday, Acting President Choi Sang-mok assembled a task team to guide officials in reviewing the aircraft operation systems of the country and improving safety measures. “Our first focus should be preventing like events and strengthening a safer Republic of South Korea,” Choi added. The crash also revealed difficulties in government crisis management within political unrest following the impeachment of Prime Minister Han Duck-soo and President Yoon Suk Yeol. The exact cause of the occurrence is under investigation.
This article first appeared on GuruFocus.
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
