The wreckage of Jeju Air Co. Flight 2216 at Muan International Airport in Muan County, South Korea, on Monday, December 30, 2024.
Boeing shares fell more than 2% on Monday, after South Korea ordered an inspection of all 737-800 planes operated by its domestic carriers following a deadly crash that killed 179 people. The plane, which was operated by Jeju Air, landed without the correct gear deployed, skidded off the runway, and burst into flames.
The crash investigation is ongoing, with two black boxes retrieved and sent for analysis. The U.S. National Transportation Safety Board is leading a team of U.S. investigators, including the Federal Aviation Administration and Boeing, to assist in the investigation. Engine manufacturer CFM International will also be involved.
MOLIT officials are reviewing the concrete wall that the aircraft hit, and the Transport Ministry has ordered an emergency safety inspection of the country’s entire airline operation system. Aviation experts say it is unlikely that a design flaw played into the crash, as the Boeing 737-800 has a strong safety record and has been in operation for nearly three decades.
The Boeing 737-800 is a popular aircraft with over 4,400 in service, making up 17% of the active global jet fleet. Jeju Air operates 39 of these aircraft, while other South Korean low-cost carriers also use the model.
The crash highlights the need for stronger regulations regarding bird strikes, which may have contributed to the accident. The investigation will examine compliance with regulations, operational records, and maintenance conducted before and after flights. Boeing has expressed its condolences to the families of the victims and is cooperating with the investigation.